Stratechery: Apple×Meta Edge AI Partnership, Netflix's 40% Stock Slump, Stripe Sponsorship
Stratechery · rss · 2026-10-24
Highlights from Ben Thompson's weekly Stratechery roundup:
- Stripe becomes Stratechery's presenting sponsor. Thompson cites Stripe's 5M+ businesses and 1.7% of global GDP, plus his own 13 years as a customer.
- Surprising Apple + Meta edge AI partnership. Meta released a new open model (Muse Spark Open) and is partnering with Apple to run it locally; Thompson's essay "Do You Trust Apple?" asks whether Siri AI justifies staying in Apple's ecosystem.
- Netflix's rough stretch: layoffs, executive departures, disappointing earnings, and a 40% share-price drop over 12 months. Content problems are fixable; growth against Meta and YouTube as primary engagement competition is not.
- Also covered: Gruber's iPhone Duo review (a pocket iPad, not a good phone), Nathan Fielder's Elizabeth Holmes documentary, Craig Moffett on SpaceX and bubbles, new export controls (Sharp China), and Anthropic alignment on Sharp Tech.
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