Is There a Difference Between L1s and L2s?

An L1 is sort of like, you know, Apple's app store or Windows. And it gives them the ability to rent, seek throughout that entire value chain and squeeze on both sides. Versus other platforms are really owning that user relationship, right? Like Uber, Google, they are, they are the touch point of the user. I think where this is all going is, is really all to the app's motivation to get closer to the user and control more of that value stack.

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