[itay-maman]

There's another angle here: in the LLM era, markdown files in a public repo actually are apps.

When Google announced free turn-by-turn navigation in 2009, Garmin dropped 16% and TomTom dropped 21% — in a single day[1]. Investors weren't irrational; they recognized Google was giving away for free what others charged $150+ for.

Same dynamic here. Haiku/Sonnet/Opus are the hardware, Cowork is the operating system, and those markdown files are the apps. Together they deliver real utility that previously required paid SaaS or billable hours — at near-zero marginal cost. The market's read may have been hasty, but the underlying concern is real.

[1] https://www.theverge.com/2015/10/29/9634146/google-MAPS-kill...