I saw a video recently where someone was discussing Facebook's "moat". Essentially, among Big Tech, it has the least defensible moat, which I think is true.<p><a href="https://youtu.be/4SrxqfKn9Bw?t=1605" rel="nofollow">https://youtu.be/4SrxqfKn9Bw?t=1605</a><p>I think Facebook has very little choice right now. Libra could have been a moat, but it is more or less dead now. They are being cornered into being more pro-conservative, because otherwise their moat (engagement, which is what advertisers pay for) will collapse by the time COVID is done. They need to walk the fine line between proving their engagement and hoping that advertisers would actually want to show ads to the group which is engaged.