A
@asifalis
For someone who has lost so much of shareholder value (and that includes personally me having invested in snap) .. they should not lecture about moat and what is not moat:
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0
499
@lennysanposted on X
.@EvanSpiegel: "15 years ago, we learned that software is not a moat. This is something that everyone is discovering today with AI." https://t.co/lX75tHKSKI
View original tweet on X →
Community Sentiment Analysis
Real-time analysis of public opinion and engagement
Sentiment Distribution
85% Engaged
56% Positive
29% Negative
Positive
56%
Negative
29%
Neutral
15%
Key Takeaways
What the community is saying — both sides
Supporting
1
Features and models are trivial to copy
AI accelerates commoditization: code and raw models get reproduced quickly, so shipping features won’t protect you.
2
Distribution, proprietary data, and user habit are the true moats
owning where users are, the data they generate, and the routines they form stays hard to replicate.
3
Brand, story, and trust lock users in
what a company means to people and the narrative it tells can’t be copied like software.
4
The workflow on top of the model matters most
the end-to-end experience that runs cheaper, faster, and with less risk is the defensible product, not the prompt or model alone.
5
Boards and teams are misfocused
many roadmaps overweight the model and underinvest in the proprietary loop and distribution that create lasting advantage.
6
Beware of superficial “AI wrappers”
low-cost products marketed as defensible AI are often illusionary; real defensibility comes from integration, data, and habit, not a $99/month plugin.
7
AI widens the battleground
the whole stack feels up for grabs now; past lessons (e.g., Snapchat vs. Instagram/TikTok) repeat with bigger budgets and faster copycats.
Opposing
1
destroyed shareholder value
and say they shouldn’t lecture about moats after heavy losses.
2
SBC
(stock‑based compensation), implement one share, one vote, and make the CEO personally accountable.
3
hitting the podcast circuit
” while predicting weak earnings.
4
worst‑run company
, say Snapchat lost users/revenue to competitors like OnlyFans, and label the app a bad product.
5
software gets copied
, but some companies still manage to build a real moat despite that.
6
actual journalism
to challenge Silicon Valley narratives instead of accepting claims like “we just wrote the software.”
7
support team never responds
.
8
Evan is a loser
,” “bad person,” and mocking confusion like “Meta VP of Product?.”
Top Reactions
Most popular replies, ranked by engagement
D
@danielrachlin
exactly. software itself is just a tool now. the real moat is how well you understand the problem and the experience you wrap around the solution.
2
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136
S
@sapienstrategy
I gets copied. The only thing that doesn't get copied is what a company means to the people it serves & the story it tells. That's always been the moat, everyone who's been chasing the speed of delivery rarely finds that this is what will sell their product once it is ready.
1
0
137
V
@VladGersh
tell that to the guys still selling 'defensible ai wrappers' for $99/mo on this very app
1
0
89
B
@berner_my
He’s hitting the podcast circuit hard. Earnings are gonna be a dog
1
0
114
0
@0xmandalorian
Worst run company i've ever seen. Lunch got eaten by only fans. Zero shareholder value created. gg
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167
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