The Landscape of Social Media

Sagar: I think there are two, three, four narratives to parse. One is the origin narrative of social media was you post content and we give you eyeballs. After 2016, what happened? By dance, bought musically, infused all the AI,. Depending on who you're talking to, infused a bunch of influence from China. So that's just on the social media side. On the zero rate phenomenon, there's been a bull market for many years. Cost of capital is low. A lot of people could go out, raise money. But yeah, a lot of people who are like, wait a minute, my job isn't safe at big tech anymore. Maybe we