[Wowfunhappy]

> The problem is that it’s already commodified; there’s no moat.

From an economy-wide perspective, why does that matter?

> users have already proven there is no brand loyalty. They just hop to the new one when it comes out.

Great, that means there might be real competition! This generally keeps prices down, it doesn't push them up! It's true that VCs may end up unhappy, but will they be able to do anything about it?