Mar. 19 at 3:19 PM
$NFLX Right now, investors think market leaders have wide moats because they would have the most resources to contend with the AI threat. For example, insurance companies except
$CB and
$BRK.B have been subject to short attacks simply due to less frills the industry will have to deal with and the lower marings in doing its business. Everything else being equal, NFLX should be ok, if not well-positioned. But creative destruction usually comes from smaller and single-minded competitors. Just look at the biotech industry: you have hundreds of smaller and zero-revenue start-ups that are funded based on what they can turn out to generate licensing revenue or FDA-approved products. Big Corp=Complacency.
