andlook at futures in japan australia, and they open in 25 minutes or so . or not it bounces back is another conversation altogether. a break in itself, and i spoke with morgan stanley, and do expect more pain ahead just because of these extreme valuations we are seeing across pockets of the market. -- quicklyfore i go before i go, there are several bits of data to get through today, and it nudges higher in the asia-pacific. more from "bloomberg technology" next. ♪ emily: this is the book technology. -- this is uber technology. bloomberg technology. snape announced the company's first victory after they went public year ago thanks the strengths and advertising. the social media etf has a stake totaling 5% of the fund -- thanks so much for joining us. are you surprised? i am notrprised -- >> surprised, i think they are an innovative company. the socialnk as media industry as incredibly mature and dominated i a few players. that and get them to advertisers budgets, you have to be innovative and think differently. that means rest and not everybody is going to l