Analysis and commentary on the business of technology.https://thebaytable.com/ https://thebaytable.com/policy/terman-phone-ban/https://thebaytable.com/policy/terman-phone-ban/California is right to make every district write a phone policy, and right to stop there; the next generation of founders will need its attention more than its apps.Wed, 21 Oct 2026 00:00:00 GMT https://thebaytable.com/business/giannini-bitcoin-etf/https://thebaytable.com/business/giannini-bitcoin-etf/The SEC was right to let spot bitcoin ETFs trade, but it should stop pretending a court did not force its hand.Wed, 21 Oct 2026 00:00:00 GMT https://thebaytable.com/youth/youth-teen-fintech/https://thebaytable.com/youth/youth-teen-fintech/Banking apps for teenagers teach money management about as well as financial education ever has, which is to say barely, and their real product is a customer who stays until 18 and beyond.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/youth/youth-ai-agencies/https://thebaytable.com/youth/youth-ai-agencies/The surest earner in the AI-business boom is the person selling the course, and young would-be founders should price the pitch by the regulators' record, not by the screenshots.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/youth/youth-prediction-markets/https://thebaytable.com/youth/youth-prediction-markets/Raising the minimum age on Kalshi to 21 would be tidy and mostly beside the point, because the product is a sportsbook with a federal licence and its youngest customers are its smallest problem.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/youth/youth-cursor-founders/https://thebaytable.com/youth/youth-cursor-founders/Four MIT students built one of the fastest-growing software firms on record, then sold it to a buyer with its own models, which shows how thin the moat was.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/youth/youth-chatgpt-homework/https://thebaytable.com/youth/youth-chatgpt-homework/More than half of American teenagers now use chatbots for schoolwork, and schools that treat this as a cheating epidemic are measuring the wrong thing.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/leaders/leader-klarna-ipo/https://thebaytable.com/leaders/leader-klarna-ipo/Klarna's listing at a third of its private-market peak shows that buy-now-pay-later is a lender's business, and its customers and regulators should treat it as oneSat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/terman-canaries/https://thebaytable.com/business/terman-canaries/A Stanford study finds that young workers in AI-exposed jobs are being hired less, which is worth taking seriously, but the evidence is too thin to justify rules against the technology.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/figma-ipo-pop/https://thebaytable.com/business/figma-ipo-pop/Figma's dazzling debut shows that public investors want good startups, and that bankers still struggle to price them.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/terman-double-or-quits/https://thebaytable.com/business/terman-double-or-quits/Peter Thiel has doubled the price of dropping out just as AI makes small teams mighty, yet students are drifting back to campus, and on the evidence they are right to.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/policy/terman-under-16-ban/https://thebaytable.com/policy/terman-under-16-ban/Australia's under-16 ban answers a real collective-action problem, but it fines platforms for an age check nobody has yet shown can work, and should have waited for the trial.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/reddit-ipo-giannini/https://thebaytable.com/business/reddit-ipo-giannini/Reddit was right to let its users buy in, but a flotation that leaves control with insiders is a poll in which only some votes count.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/instacart-ipo-giannini/https://thebaytable.com/business/instacart-ipo-giannini/Instacart's listing proves that the window for technology flotations is open again, but only for firms willing to accept what the market will pay.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/policy/terman-loan-ruling/https://thebaytable.com/policy/terman-loan-ruling/The Supreme Court was right to stop the president cancelling $400bn of student debt by himself, but Congress should now fix the lending that created the debt instead of sending taxpayers the bill.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/svb-collapse-giannini/https://thebaytable.com/business/svb-collapse-giannini/Washington was right to protect SVB's depositors, but startups should learn the lesson that rescue cannot teach them.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/terman-class-dismissed/https://thebaytable.com/business/terman-class-dismissed/Americans are leaving college and starting firms at record rates, and cheap AI will make that trade more tempting, but a degree remains the better bet for most would-be founders.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/terman-chatgpt-ban/https://thebaytable.com/business/terman-chatgpt-ban/New York's ban on ChatGPT protects nothing it claims to protect, and schools would do better to teach pupils to catch the bot's mistakes than to pretend it is not there.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/ftx-collapse-giannini/https://thebaytable.com/business/ftx-collapse-giannini/FTX's collapse needs no new crypto law, only the enforcement of old rules about whose money is whose, and a little more suspicion from investors.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/leaders/leader-terra-luna/https://thebaytable.com/leaders/leader-terra-luna/Congress should stop letting tokens that promise a dollar without holding one call themselves stable, and write rules by what a coin promises rather than by who issues it.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/leaders/leader-rivian-ipo/https://thebaytable.com/leaders/leader-rivian-ipo/Investors who pay a Detroit-sized price for a firm that has delivered 156 pickups are buying a story, and should demand that the story be audited like a factory.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/venture-boom-2021/https://thebaytable.com/business/venture-boom-2021/Startups have raised more in nine months than in any full year before, and the boom rests on a price of money that is about to change.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/coinbase-direct-listing-giannini/https://thebaytable.com/business/coinbase-direct-listing-giannini/Coinbase has shown that a company can go public without paying a bank to guess its price, but the first day showed how much guessing the market itself does.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/giannini-spac-warrants/https://thebaytable.com/business/giannini-spac-warrants/The SEC staff's warrant ruling is a footnote with teeth, and the SPAC boom should be allowed to cool under it.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/leaders/leader-archegos/https://thebaytable.com/leaders/leader-archegos/The collapse of Archegos shows that banks, not regulators, were the only ones who could see a family office's leveraged swaps, and the law should make them say what they seeSat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/leaders/leader-beeple-nft/https://thebaytable.com/leaders/leader-beeple-nft/The $69.3m paid for Beeple's collage buys a verifiable record of who owns a picture the whole world can still look at, which is a real novelty but not remotely worth the price, and buyers should insist on being told what the receipt actually coversSat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/gamestop-robinhood-squeeze/https://thebaytable.com/business/gamestop-robinhood-squeeze/Robinhood's curbs on GameStop were forced by plumbing, not conspiracy, but a market whose settlement lags its apps has no business promising instant access.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/giannini-quibi/https://thebaytable.com/business/giannini-quibi/Quibi's failure is not a verdict on short video but on a business that spent $1.75bn before asking anyone what they wanted.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/policy/terman-ice-students/https://thebaytable.com/policy/terman-ice-students/America nearly told 1.1m international students to go home over a technicality, and the founders it would have lost are worth far more than the rule's tidiness.Sat, 17 Oct 2026 00:00:00 GMT https://thebaytable.com/business/terman-zoom-university/https://thebaytable.com/business/terman-zoom-university/The class of 2020 is learning that a degree bundles a lecture with a place and a crowd, and universities should now say which parts of the bill they are still delivering.Sat, 17 Oct 2026 00:00:00 GMT