Network-Effect Platforms: Marketplaces, Ads & Streaming

These companies run two-sided platforms where scale compounds take rates and cash flow. Several trade well below their highs while still generating free cash flow, so the setup is a pick-up in earnings quality rather than a story about AI chips. The basket avoids the crowded semiconductor, defence and metals themes. Launch basket (equal weight): MELI, SHOP, UBER, NFLX, APP, NU, META 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.