So again, this is because they do not have meaningful competition. Once they reach the network effect, once they dominate the network, it becomes almost impossible for a new network to compete meaningfully. But with social portability, then it becomes possible. It’s like if you build a highway, if you don’t have an on-ramp and off-ramp, you have to go through to the destination, right? You cannot switch. But this is like the law mandates you have to have on-ramps and off-ramps. So I believe with this kind of digital choice being adopted around the world, we’re going to see more and more fair competition—a race to the top, not to the bottom.

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