Eh, distribution of the model is the real moat, theyre doing 700m WAU of the most financially valuable users on earth. If they truly become search, commerce and can use their model either via build or license across b2b, theyre the largest company on earth many times over.
>distribution of the model is the real moat, theyre doing 700m WAU of the most financially valuable users on earth.
Distribution isn't a moat if the thing being distributed is easily substitutable. Everything under the sun is OAI API compatible these days.
700 WAU are fickle AF when a competitor offers a comparable product for half the price.
Moat needs to be something more durable. Cheaper, Better, some other value added tie in (hardware / better UI / memory). There needs to be some edge here. And their obvious edge - raw tech superiority...is looking slim.
Not necessarily. I’m sure there is many cheaper android phones that are technically better in specs but many users won’t change. Once you are familiar, bought into the ecosystem getting rid of it is very hard. I’m lazy myself compared to how I was several years ago. The curious and experimental folks are a minority and the majority ll stick with what works initially instead of constantly analyzing what’s best all the time
