3 min

Read

5

Platformonomics TGIF #123: April 10, 2026

By

Charles Fitzgerald
Abstract representation of mountain peaks with a curved base line.

Platformonomics TGIF is a weekly roll-up of links, comments on those links, and perhaps a little too much tugging on my favorite threads.

Get Platformonomics Updates By Email

News

Anthropic: A $3 Trillion IPO?

Fractional CEO, teller of big tales, and stickler for securities law Elon Musk is floating a 100 times revenue multiple for Space Twitter. Apply that multiple to the much higher growth and much higher market share Anthropic, which just disclosed a $30 billion annual run rate, and you get an over $3 trillion valuation. Anthropic has not as yet announced its plans for Cosmic Claude Code.

Previous:

Space Twitter’s “mooted capitalization has now crept up to $2 trillion”, I was beaten to dubbing it Space Twitter, The great Matt Levine on Space Twitter, The Arc of the Generative AI Universe Bends Towards Cash: Anthropic Edition, Culture Clash Conjecture: Amazon and Anthropic

UnfocusedAI: The Pivot to Media Continues

Text headline reading 'OpenAI Stargate Leaders Depart in Latest Shakeup to Data Center Strategy'.

Media companies are capital-light!

This comes after last Friday evening’s news dump that OpenAI was losing their CEO of applications, COO and CMO.

Ben Thompson: “OpenAI might be the short bus at the end of the rainbow”

Previous:

UnfocusedAI: “Our Media Coverage has Slipped! Do Something! Anything!”, UnfocusedAI Strategy Du Jour: “We’re an Enterprise Company!”, UnfocusedAI: OpenAI Is Hiring Hundreds of AI Consultants to Boost Enterprise Sales, The Company is Named OpenAI, not FocusedAI

Related:

OpenAI Pauses Stargate UK Data Center Citing Energy Costs

The New York Times Really Struggles to Cover Technology: Satoshi Edition

Title text discussing the mystery of Bitcoin's creator, Satoshi Nakamoto, and mentioning Adam Back.

In the race to find Satoshi, some actual due diligence is required. This is embarrassingly bad. Just because Adam Back sent some email expressing cypherpunk sentiments doesn’t mean he’s Satoshi. Are they just bad at reporting or does some other agenda complicate their tech coverage?

Previous:

Existential Corner: What is the New York Times? Living in a Glass House: The New York Times On Tech, Living in a Glass House: What is the New York Times?, Aspiring Technology Company Neither Interested in Technology Nor Understands Technology

Related:

Banksy, Satoshi & The Unmasking Impulse – On my Om

The New York Times Really Struggles to Cover Technology: Medvi Edition

The text reads 'The New York Times Got Played By A Telehealth Scam And Called It The Future Of AI'.

In the race to find the first billion dollar solopreneur AI company, some actual due diligence is required. Are they just bad at reporting or does some other agenda complicate their tech coverage?

Previous:

The Unicorn of the AI Era

Time of the Times: A Second Course

Headline announcing that the New York Times has given a rave review to a small restaurant in Seattle.

Meanwhile, local newsletter The Seattle Times is sending email alerts about its biggest rival eating its lunch (ok, dinner).

Previous:

Times of the Times, Putting the Seattle Times on Notice, Media Self Harm: Lobbying vs. Innovating, Putting the Seattle Times on Notice, Media Self Harm: Lobbying vs. Innovating, Yay Google: New Zealand Edition!, Wrapping Oneself in the Flag: Seattle Times Edition, Wrapping Oneself in the Flag: Seattle Times Edition

Quick(er) Hits

Never Take a Dependency on Elon Musk: Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok

Better Late than Never? Oracle named Schneider Electric’s former chief financial officer Hilary Maxson to be CFO, the first time in years the software-and-cloud giant has had a CFO. Maxson’s appointment comes as Oracle has borrowed heavily to fund a huge investment in AI data centers.

If you needed any more evidence that Gartner is completely irrelevant at this point…

, , , , , , ,

5 responses

  1. Collin S Avatar
    Collin S

    At least when the WSJ reaches for bs filler articles it’s “What shoes you may have overlooked!” or “Surprised this underrated pillow flew under the radar”. I don’t need or want technical bromides from the inchoate trenches of the NYT

  2. Charles Fitzgerald Avatar
    Charles Fitzgerald

    I think the NYT’s trenches are very choate 😜 They’re dug in for battle!

  3. Collin S Avatar
    Collin S

    I picture a tired editorial board handcuffed to the will of a 40s-something AI-led rising star that is polling deep research for “articles that will impact readership the most”

    Click farm – not news

  4. Charles Fitzgerald Avatar
    Charles Fitzgerald

    They see AI as an explicit enemy. They’re suing OpenAI and AI is just the latest thing from the tech industry they despise…

  5. Collin S Avatar
    Collin S

    The only thing worse than a person who likes to hear themself talk is a person who likes to hear themself write — looking at you NYT

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Updates By Email

Discover more from Platformonomics

Subscribe now to keep reading and get access to the full archive.

Continue reading