I&#x27;m not going to speak to their ability to become winners in massive markets, but I don&#x27;t see how Uber or AirBnB have a strong moat that makes it hard to compete. Both seem extraordinarily easy to switch away from to a competitor. Many drivers already drive for both Uber and Lyft at the same time, and it&#x27;s very easy for consumers to use both apps. I haven&#x27;t used AirBnB, but it seems like it would be easy to list your apartment&#x2F;house on multiple marketplaces.