Perhaps Netflix has shifted. In the beginning, I think you could have made a good argument that technology was their moat, but I don't think you can say so toda

Perhaps Netflix has shifted. In the beginning, I think you could have made a good argument that technology was their moat, but I don't think you can say so today. Today, their best attempt at a moat is content, and it's a poor one at best since they can only make so much original content and it's not as if they can do so in a way that is inaccessible to other services.