Asset-Light Consumer Service Networks

Own the platforms, payment networks and franchise systems that coordinate consumer services while partners supply most of the physical assets. Booking commissions, transaction fees and franchise royalties offer a different economic model from owning fleets, hotels or restaurants outright. Recent weakness in Booking, Uber and McDonald's creates an entry point, although weaker consumer spending would still pressure activity across the basket. Launch basket (equal weight): BKNG, UBER, MCD, V, MA, MAR, HLT, YUM Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.