Is Snap Trying to Compete With Tick Talk?

I think you're nailing something on the product side, which is its inability to compete, necessarily very well with tick talk. But also on the finance side, there's a question of capital allocation, and whether these people are good stewards of capital. I like this point about managing capital, and then i think similar things are true about managing other assets that the company has. Yes. If it's inconsistent with the underlying logic of your business model, i think that's particularly troublesome.