Shah: AI strengthens true network effects like Meta over demand aggregators
Alap Shah · Why My Article Just Tanked the Market · Feb 23, 2026 · at 12:01
Macro analyst Alap Shah discusses which tech moats will survive agentic AI disruption during an interview on TBPN.
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“Network effects are more powerful than ever, I think, in this world. Yeah. So things like Meta really have a lot to sort of gain in that sense, but I think things that look like they're network effect businesses, but in fact are just the ones that are doing the hard work of aggregating demand and supply I think will be more challenging.”
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