Brad DeLong
Role at the time: Economist responding in his own newsletter
Statement summary
DeLong accepts the flat corporate measures but argues that user benefits and new businesses may matter more.
“User surplus, which I think is massive.”
Why we used this label
The case scrutinizes Slok's interpretation of payoff. DeLong challenges the yardstick, rather than its profit figures. Agreement on those figures does not endorse the interpretation; his valuation doubts are a separate assessment.