Lens family
168 analyses · Moat & Competition
Ollama Built a $65 Million Round on an Engine It Borrowed
Ollama
LVMH's 2024 Numbers: Profit Down 14%, and a Real Moat Narrower and More Physical Than the Myth
LVMH
Intuitive's Triple Lock: Trained Surgeons, Metered Instruments, 25 Years of Evidence
Intuitive Surgical
Optum Steers Patients Into UnitedHealth's Own Doctors — and in 2025 the DOJ Sued to Break It
UnitedHealth
Eli Lilly's Patent Runs to 2036, but the $50B of Factories Is What Rivals Can't Build in Time
Eli Lilly
Capital One Bought a Closed Loop for $35.3 Billion; Amex's Flywheel Is What It Didn't Get
American Express
Ferrari Ships 37% More Cars Than Five Years Ago and Margins Went Up, Not Down
Ferrari
Toyota Published TPS 35 Years Ago; Its Real Protection Is Three Compounding Layers
Toyota
Coinbase's 80% Custody of Bitcoin ETF Assets Is Now the Complex's Single Point of Failure
Coinbase
Coca-Cola's Wall Is 225 Bottlers, a Century of Assembly, and ~$5 Billion a Year in Upkeep
Coca-Cola
Huawei Announced 7nm Two Weeks Before Apple; the Durable Engine Is $96.2B of Services
Apple
FedEx's Barrier Is a 16-Million-Package-a-Day Network — Which It Is Quietly Shrinking
FedEx
Emirates Took $10 Million From Dubai Once — and Has Paid Back AED 14.6 Billion in Dividends
Emirates
Moderna Paid $2.25 Billion to Settle Patents It Was Already Using
Moderna
JPMorgan's Flywheel: $10 Trillion Moving Daily Funds an $18 Billion Tech Budget
JPMorgan Chase
Ralph Lauren Engineered Its Gross Margin From ~64.6% to ~69.9% in Three Fiscal Years
Ralph Lauren
Lululemon Sells Without a Wholesale Middleman and Keeps a 59.2% Gross Margin
Lululemon
1,400 Buyers Make TJX the First Call When a Brand Needs Its Worst Overstock Gone
TJX
10,900 Walmart Stores Sit Within Delivery Range of Most of America — That Wall Took Decades
Walmart
Pinterest's Asset Is an Image Data Set Feeding an AI Flywheel — and a $6.05 vs $0.11 ARPU Gap
Pinterest
Customers Paid TSMC a Premium Even After Samsung Shipped 3nm First
TSMC
With 28% of Its Listings Cross-Listed, Airbnb's Protection Is Four Advantages Working Together
Airbnb
The DOJ Mapped Visa's Real Wall: Contracts Foreclosing 45% of U.S. Debit
Visa
TSMC's Node Cadence Owns the Design Calendar, Lifting Advanced Nodes to 74% of Wafer Revenue
TSMC
Shake Shack's Money-Losing Cart Banked the Goodwill Behind a $1.6 Billion IPO Debut
Shake Shack
Shopify Locks You In With Architecture: a Payments Surcharge and a Self-Repaying Loan
Shopify
PayPal Paid $20 a Signup to Grow Inside eBay — Until eBay Paid $1.5 Billion to Own It
PayPal
Tesla Was Born Outside the Franchise Laws — Until Michigan Deleted One Word
Tesla
Microsoft Won on a $75,000 OS and a Licensing Clause IBM Left Unlocked
Microsoft
The DTC Reckoning Landed in 2022, When Apple Repossessed Facebook's Cheap Customer Machine
The DTC Bust
Page 1 of 6