I agree. It's the opposite of delusion, quite grounded in reality.
And I agree with your second point. Their current level of network effect / lock-in should give them plenty of runway to find new ways to grow and/or monetize.
And I agree with your second point. Their current level of network effect / lock-in should give them plenty of runway to find new ways to grow and/or monetize.
You don't deny the power of the platform, network, and brand themselves, right? I forget the buzzword for this type of non-fungible, unique asset. I guess we just wait and see what sort of valuation it fetches in an acquisition.