Apr 10, 2023·edited Apr 10, 2023Liked by Ali Gündüz

Thanks for sharing.! I would like to ask that are these achieved margins stable?

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Hi there. Yes, the future of these extraordinary margins is an important question.

On the one hand, the operating leverage achieved via the unique scale in Live means that they may potentially be defensible despite competition.

However, I explored a few factors that can chip away from the margins in the coming years in my latest post: https://gnufs.substack.com/p/evolutions-annual-review-part-deux

Hope it helps!

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