Chamath Palihapitiya

Well, I was thinking more like, obviously, Elon and Tesla is going to relentlessly innovate.

Yeah, the network effect of Apple's ecosystem, and they have hardware, right?

And they've been just on that path of making their own silicon.

That's incredibly defensive.

And they have brand, right?

So that is pretty strong for Apple.

And then you'd take Tesla, the same thing.

You got Elon, relentlessly innovating, and it's hard hardware stuff.

And then if you look at Meta and Google, these are incredible brands with great management teams and constantly innovating.

Yeah, this would be the value prop.

Most people in brands would just say value propositioning.

So JetBlue is a value brand.

Tesla Model Y, perfect example of a value brand.

And if you look at Apple's recent cohort, what did they focus on the Apple MacBook

NIO, which is a value laptop, 600 bucks, 700 bucks.

So they're even going down market to try to capture that value.

You know, what's interesting about that, Shama, as we open up the aperture of this, if you, one of the thesis we talked about here a couple of years ago, I say, what happens with AI disruption, job disruption, et cetera, costs coming down on cars with model Y getting cheaper, cyber cab coming in, BYD, obviously, if you go to any foreign country, BYDs are everywhere and they cost 15 grand.

Yeah.

Then you look at Apple making the Neo.

That's a $600 laptop.