betty emily: snap doesn't have the best track record -- and many people want to hear from them aboutr ceo has to say and what division has spread how confident are you about the leadership of the company? is the challenge because he is the founder and ceo, and you have the benefit of being a visionary and looking long-term. sometimes the market doesn't appreciate that and they want to hit quarterly marks, so can he balances asian and execute -- balance that and execute. >> tencent is enormous, and the reason for that is that if you look internationally at global social media companies, they tend to be more monopolistic. andlook at russia and china japan, it is the individual social companies that dominate facebook onnd are steroids. that is a power for position to be in and if you can part of the company like that, you can get access to data in a large consumer base. emily: are also reporting this week -- the cfo left. how optimistic are you about twitter? we are about an industry that is saturated. >> it is. be lookinggoing to at engagement rates and what is happening around the wor