The takeaway is there is no moat and people will switch to competitor model in a heartbeat.
12 karma · joined October 15, 2026
And some of the big spenders have their own models.
It might have made sense when they were valued at <100B.
At current 2T valuation it's basically saying "we'll throw some crumbs to the public if we control the world's economy".
At the very minimum the 2% should have doubled every time.
A lot of the immediate neighbors attacked Israel at its birth, and further away countries just seem to hate Israel due to religion/ethnicity/populism (?), countries like Pakistan, Malaysia, etc.