@Sebbster I sold my $ZETA shares because my original investment thesis has weakened. While Zeta has built a solid platform, I’m increasingly concerned that its competitive advantages are narrowing as AI capabilities become more commoditized and are embedded into larger advertising and marketing ecosystems. Larger platforms and well-capitalized competitors have the scale, data, and distribution to replicate many AI-driven features, making differentiation more difficult over time.
I’m also less confident in the company’s ability to sustain the level of customer growth and expansion needed to support its valuation. Enterprise sales cycles remain long, competition for marketing budgets is intensifying, and any slowdown in customer acquisition or net revenue retention could have an outsized impact on future growth expectations. Given these risks, I no longer believe the upside sufficiently outweighs the downside, so I chose to reallocate my capital into businesses where I have greater conviction in the durability of their competitive moat and long-term growth prospects.
