How to Manage Capital Allocation in a Social Media Company

I think you're nailing something on the product side, which is it's an ability to compete necessarily very well with TikTok. But also on the finance side, there's a question of capital allocation and whether these people are good stewards of capital. Once they start to emulate TikTok, it takes them in a direction that really undermines all of the investments that some of its most influential users have really depended on historically. That can undermine the entire business.