No Mercy No Malice
Roblox Is Betting Big on the Kid Attention Economy
America’s kids are tuning into the gaming platform over 2.5 hours per day
This is the second in a series of posts about one of the most accretive paradigm shifts in our economy since globalization and digitization: dispersion.
The market added half a trillion in value in the past two weeks: AT&T busted a baller move to a rundle, the FTC filed suit against Facebook, and an overhyped DoorDash and underhyped Airbnb went public.
AT&T’s announcement that it will release movies simultaneously on HBO Max and in theaters predictably pissed off Hollywood players, who make millions from the current system. But Christopher Nolan calling HBO Max “the worst streaming service” is similar to JCPenney calling Amazon circa 1999 a terrible experience. Doctors, talent agents, and film directors should host a pity party at Jeffrey Katzenberg’s crib, catered by Planet Hollywood and with performances from Robin Thicke and Billy Squier. (Note: You know the moment when the edible kicks in? It happened in the middle of the last sentence.)
Anyway.
AT&T CEO John Stankey realized the market favors recurring revenues and narrative over transactional revenues and EBITDA. Last week…
