Ben Thompson
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Ben Thompson

Stratechery, aggregation theory

Ben Thompson founded Stratechery in 2013, a subscription newsletter analysing technology and media strategy. He developed Aggregation Theory, a framework describing how internet companies aggregate users and disintermediate suppliers to capture industry margins. The newsletter is widely read by founders, investors, and executives as a reference for platform and business-model thinking.

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Last updated
10 May 2026
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