carol mosley feel at crystal energy. thank you very much. thank you. snap tubs, parent company says the video messaging up will be causing 20 percent of its stuff . the ones popular up has had trouble staying competitive with platforms like tick tock and is facing a steep decline in our sales. in july, the california based company reported quarterly losses of $422000000.00. stop that says it will restructure the company to focus on augmented reality and revenue growth. let's talk more about this with d. w. financial correspond teddy also in new york. hi teddy, good to see, you know, snap is just one of several companies that hired really aggressively during the pandemic, only then to last job 2 years later. is this any more than a major miscalculation of the pace of growth? well, definitely, as a miscalculation, i'd say it's a grander miscalculation across the entire tech sector, which saw explosive growth over the past 2 years. and now we're seeing this contraction. and even as there is a red hot labor market here in the united states, the