[BIG TECH]■ STORY TIMELINE
SPIEGEL: DISTRIBUTION IS CONSUMER TECH'S REAL MOAT
Snap co-founder Evan Spiegel discusses why distribution matters more than features in consumer tech, positioning 2026 as a critical year for the platform while doubling down on hardware like Specs.
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Lenny Rachitsky / Lenny's Newsletter: Q&A with Evan Spiegel on why distribution is the most important moat in consumer t…