ceo evan spiegle on a calm.est. >> reporter: melissa, on the call a few minutes ago, snap ceo evan spiegle was asked the question, does facebook care yoyou scare you? why or why not? >> i think the bottom lean you have to get comfortable and enjoy the fact that people will copy your product few make great stuff. i think we seen this happen a lot in technology. when google came along everyone felt they needed a certain strategy. when facebook came along, everyone thought they needed a social strategy strategy. with snap, we believe everyone will develop a camera strategy. just because yahoo has a search box doesn't meaner that google. >> reporter: they say they should not buy more facebook ads. snap users are particularly engaged which is tough, with this younger audience. most importantly noting with the stock trading down 23%. that volume right now is about 24.7 million during the trading day which was 18. million. over to you. >> julia, thank you. let's go back to gene munster. >> today they're google. with th