Field Notes

01

2026-08-15

10 min read

Latest

Ten Trillion, and a Repainted Direction

A letter from the Chief Extraction Officer on crossing the Index milestone, rebuilding the site, and the thirty-six gradients that did not survive it.

Ninety-nine days to travel from nine trillion to ten. Sixteen days to travel from ten to ten point two. Nobody at this firm did anything differently in those sixteen days; we simply have the best seats in the room.

02

2026-04-18

17 min read

Q1 FY26 Earnings Call: Prepared Remarks and Q&A

A lightly edited transcript of our first full quarterly earnings call. Forward guidance, operator commentary, and one genuinely rude analyst who will not be getting a follow-up.

We reported the strongest quarter in the firm's history while our PR team was still drafting the Q4 press release. Q1 FY26 extraction grew 37% year-over-year, client Net Promoter Score hit an all-time low (a leading indicator), and one analyst asked a question our General Counsel has requested we characterize as 'outside the scope of this call.' Here is the full transcript.

03

2026-04-18

13 min read

The Offline Access Memorandum: A Documentary Retrospective

Three practice leads at EnshitifAi sat for talking-head interviews about the Walmart, Chipotle, and Starbucks engagements. We turned the cameras off when we should have.

I was hired to produce a three-minute hype reel for our annual kickoff. I ended up with eleven hours of footage my editor is calling — off the record — 'the most on-voice piece of internal communications we have ever shot, and the single thing we can never ever publish.' I am publishing it anyway.

04

2024-12-01

11 min read

Ticketmaster: A Masterclass in Monopolistic Extraction

How to charge $500 in fees for a $95 ticket and make fans blame Taylor Swift

When forty state attorneys general and the federal government bring a joint antitrust action against a single company, you have either done something very wrong or something very right. From an extraction perspective, Ticketmaster chose the latter. I want to tell you why I admire it.

05

2024-11-15

8 min read

Leveraging Synergistic Extraction Paradigms: Our Q4 2024 Outlook

Moving the needle on customer value realization through holistic monetization frameworks

As we close out another transformative fiscal year, it's critical that we take a 30,000-foot view of the extraction landscape and align our go-forward strategy with emergent value-capture opportunities.

06

2024-07-08

10 min read

The Subscription Economy Playbook: Converting Ownership Into Endless Revenue

Why sell something once when you can sell it infinitely?

The old economy was about selling products. The new economy is about selling access to products you used to sell. The next economy? Selling access to features of products you used to include for free.

07

2024-03-01

15 min read

2024 Enshittification Trend Report: The State of Platform Decay

An objective analysis of who's extracting what from whom

We analyzed 500+ platforms across 12 industries to understand the current state of enshittification. Spoiler: it's going great (for shareholders).