2 ms·

I don't believe that. One can say Google search also has no moat since there are/were many competitors. Eventually, one company will emerge that is always a cu

I don't believe that. One can say Google search also has no moat since there are/were many competitors. Eventually, one company will emerge that is always a cut above the competition and grow so big that they can't be stopped.

rbanffy 2y ago
Unregulated markets are prone to natural monopolies due to network effects.