[PANW] Palo Alto Networks

[PANW – Palo Alto Networks] Thoughts on cybersecurity and stock-based compensation

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[SIRI] SiriusXM [SPOT] Spotify

[Sirius/Pandora – SIRI; Spotify – SPOT] Long-term relevance, long-term dominance

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[ALGN] Align Technology

[ALGN – Align Technology] Process Advantages

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[OKTA] Okta Inc.

[OKTA – Okta] Owning Identity

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[CBOE] CBOE Global Markets [CME] CME Group [ICE] Intercontinental Exchange [NDAQ] Nasdaq

[ICE, NDAQ, CME, CBOE] Exchange Operators: Fragmentation and New Points of Differentiation

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