the valuation of these things is getting longer than jack dorsey's beard.op across the pond, and uber is losing major employment rights in u.k., and the drivers rin deed workers and not c cont contractors, so what now this could jeopardize the business model and set a precedent for the other company, and so they have to work with the u.k. authorities to set compensation for the drivers involved and they say it is also going to consult with all of the u.k. drivers to understand the changes that they want to see. investors though, they don't seem to mind the ruling, and the shares of uber have been higher today and had reversed course, but not that much, and the shares are slightly in the red, and josh, i don't know, the bureaucratic things. and look at slow brexit moved, so how slow will it take uber to hit the u.k. and not all of europe, and who knows if it has broader implications, and are the investors used to the idea that if it is uber, it is a slog, and you have to figure it out, but there is no huge number, too? >> well, i don't know, jon. maybe if yo

in 2021 before they've even made a formal announcement about subscriptions. >> so richard, ceo jack dorseytly during their earnings call. the fact that donald trump, the president of the united states, prior to joe biden has been kicked off the platform, taking millions of users along with him, does twitter recover from that is it a better platform now because they don't have donald trump on there as part of the ecosystem in. >> the other thing that jack dorsey mentioned, probably inadvertently on the conference call was twitter simply cannot do its own content moderation, which is why they have come up with a system to have crowd sourced content moderation the simple point about twitter is it is a cesspool of abuse and vitriol, and even taking out president trump and his supporters from that platform won't change that fact because you have anonymous log-ins, you have bot traffic, and you just have what in many reports would call toxic twitter, which means it's not necessarily a brand safe platform for a lot of traditional advertisers. the other problem you have with twitter relative to th

emily: look, jack dorsey has been called to testify again on capitol hill in march. are a lot of issues percolating, still folks believing you shouldn't have banned the president permanently and last time we talked, you said there was no path back for trump on twitter. bill gates told us that is the wrong call. everybody has an opinion. are you reevaluating that decision or future decisions of that nature? ned: we have covered that one, emily. but one of the things that is great is when it is bill gates having an opinion about policies of others, they come to twitter to be part of that conversation. and whether the topic is our policies or our products, people find other people who want to talk about it and hear from them on twitter. we recognize lots of people, at these from different angles around our policies, it is constructive, people listen to each other and we are always eager to learn and observe what the world says about the way we run the company. you have probably noticed that in the recent past, when we update a policy, we often put it out for comment fir

shares down this morning after a mixed quarter and a double down from jack dorsey on bitcoin.oney joins us with the chief financial officer of square in a cnbc exclusive kate >> hey, jon, good morning. with us now square's chief financial officer. thank you so much for being here, amrita great to see you >> great to see you as well. thanks for having me, kate >> of course i do want to start with bitcoin. adding $170 million. we know jack dorsey and this has been a week where bitcoin's volatility has been on display >> well, we feel bitcoin is aligned with our purpose, which is economic empowerment. economic empowerment is about bringing access to financial tools more broadly including to people who haven't had it before, and we think bitcoin is a way that could enable that for the future this investment coupled with our earlier investment in bitcoin is about 5% of our cash when you think of the growth we've been enabling or customers to transact bitcoin for about three years now and we've responded to the feedback we've gotten and have seen the increased awareness. 3 million p

kim: what is it that you see that the likes of elon musk, the lack -- the likes of jack dorsey or paypal who are on board, what is it you see that they don't see? william: they are billionaires, so i don't know -- they probably see things i will never see but money is a confidence game. why does the dollar have value? why does any currency have value? it's because people believe in it. for the moment, people believe in bitcoin. kim: do you think other banks are likely to follow in their footsteps? are they investing or seeing the value? what are the legal constraints banks might face? celso: i'm afraid i'm going to sound a cautionary note to all the positive news. it is good news that the u.s. security's and exchange commissioner has recently pushed back in an interview against the government narrative in the u.s. that cryptocurrencies are a dangerous route for terrorist financing and push back on the december of last year when the notice of proposed rulemaking was unveiled where banks and money services and businesses would be required to submit reports and keep reports, verify the iden

jack dorsey did more to help donald trump get off on this trial than anybody else. and my point was this: getting him -- deplatforming him probably immuting him has probably saved him from himself. if he were sitting here live tweeting, doing what he does, keeping -- there's no doubted in my mind he would make a political decision here, so yeah, i think -- i think the president silence here and not having access to twitter is oddly a benefit. i do have a question for andrew, lester. >> sure. >> and it's this: where do you stop in making your case on intent when it comes to the former president? because to me, there's a through line between his actions from the 2016 campaign that you investigated, his actions in ukraine with joe biden and the 2020 campaign and of course now. i know there's a point where it becomes redundant. but this perception that thousand there is this big lie. this big lie began in october -- it began in july of 2016. is it -- when does it become over -- you know, would you keep going, i guess, if you were jamie raskin. >> that's a great question

the whole bubble currency what is it that you see that the likes of a lawn mosque the likes of jack dorsey and square the likes of pay pal who are on board with bitcoin what is it that you see that they don't see. i mean they're billionaires. and i don't know if you know they think they will never be back i mean you know money is a crack but in game i mean what why did the dollar have got a why did any current think of value because people believe in it and you don't get a moment people believe in big point i'll come to you south or the as a video do you think other banks are likely to follow in b n y mellons footsteps are they investing are they seeing the value should they be what are the legal constraints that banks might thanks yes i'm afraid i'm going to sound a cautionary note to all that positively. you know use it is good news for instance that the u.s. securities and exchange commission. has recently pushed back you know means if you want gainst the government's current government not if you can do us that could to currencies are dangerous route for terrorist financing. you know i

you have jack dorsey talking about square crypto which basically is going to get grants to bitcoin developers and if this trend continues even michael strategy came out today and said they were going to borrow 600000000 dollars. so as this continues to be a trend i think that bodes well overall for big coin and we can see as you mention it is now trickling into some of the other alternative currencies the theory of being 2nd being 3rd and even though is corn really reflects the hysteria that we're seeing here as far as the volatility of coto going forward so i think it's going to be a while before we saw it to see that change obviously you have to look at. look at any type of equity and look at it from a technical standpoint now that we broke some 50 came back down i'm looking for 47 to haul otherwise we could see some shock selling otherwise we get back to 50 we'll have up to 60 s. what i want to hit hit on before we go we just mentioned it pops 70 percent just this year alone we've talked about it on the show that could be headed to $100000.00 you know while ago that might have seemed crazy

no politicians they've all sold out now be the social media companies such as facebook twitter jack dorsey has sold themselves to china all of them are or are a big problem because they sit and stew the truth and the thought police are out there you can't even write the truce on that if it disagrees with the narrative or the scripted. story that the politicians want to get across the politicians or the pocket of china so unless you're on on line with them and spout their narrative you will be dismissed from the public discourse in totality yes let's talk for a moment about japan right. we've known each other for many errors and we both have a career going back to was fair remember back in 89 to pamela's ruling the world the nikkei was at 40000 and then a crass spectacularly but these days. stan druckenmiller is living hand to china and japan and warren buffett just made a huge play in japan bought the big big big portions of 5 big industrial companies in japan and of course you are a banker in japan for many heirs so is what is the bear market japan over as a star what's all that going on

here is it's a few technocrats at the top of society people like bill gates or mark zuckerberg or jack dorsey who are ordering society according to what they wanted to look like people like jeff bezos who say this is what i want society to look like they have their point the levers of media they're pulling in the big tech they're pulling it up hollywood they're pulling it out of academia they have all these levers as a society being pulled and the fact is when you have a company like parlor that comes along in a free market parlor could compete but not win every side of the tech space works against them i guarantee you there will be competitors and it will come through blocking yeah i think of i think eventually there will be whisking him to do it censorship and just all these sites well that's been fun steve malzberg host of meet the press airs every friday at 6 30 pm thank you both so much for your time today. thank you. time now for a quick break but when we come back many americans and their businesses are in desperate need of aid amid a pandemic but many columnists are asking the biden d

quarter porches worth $170000000.00 sent the price of the cryptocurrency back up to around 50000 see jack dorsey is calling bitcoin the native currency of the internet and it's estimated that as many as 3000000 customers using the company's cash out payment system bought or sold bitcoin last year the enterprise software company micro strategy also announced on wednesday that it has purchased more than $1000000000.00 and bitcoin says it confirmed its 1st purchase back in august c.e.o. michael saylor says he believes bitcoin will one day have a market value of 100 trillion. the federal aviation administration has confirmed it's now ordering an inspection of the engine at the center of an ongoing investigation into the boeing triple 7 at the agency noted that the engine developed by pratt and whitney was used on $128.00 older versions of the plane i counting for less than 10 percent of those delivered to customers in the u.s. south korea and japan that model has prompted at least 3 m. urgency landings in recent years with the latest over colorado being blamed on metal fatigue after the engine caugh

in this case, two people, jack dorsey of twitter and mark zuckerberg of facebook, and in part google the right decision to remove donald trump. he had been violating their rules constantly. the problem is, they were arbitrary with him and others, making baby steps, adding on disputed links, which is very confusing. donald trump said, which any troll would do, he continued to push the line, until he pushed too far around the attack on the capitol. they were waiting for this chance to do this, because they have some very bright lines, even though they are arbitrary all over the place. you can't incite violence, child pornography is a red line and so is terrorism. you could argue donald trump violated two of those very bright red lines, domestic terrorism and inciting violence. so it was the right decision, but should the decision be in the hands of so few people is the issue. agnes, your answer on this question? i would slightly disagree, just in terms of the nature of those companies. yes, by the legal construct they are private corporations and are answerable to their shareholders. b

silicon valley company to disrupt, but it can be done with deliberation and intelligence as dac -- as jack dorseywn. his business is somewhat different although it does overlap increasingly with robinhood's. i don't think you cannot navigate around regulatory infrastructure and the powerbrokers. you just have to do with more intelligence and more deftness. jeff bezos came in up against incredible forces, nobody ever thought he could beat walmart at its own game, but with deliberation and clarity of thinking, bezos is not a hugely transparent guy either. but you can do it. i am not saying robinhood is going to fail long term, i think sadly they probably ultimately are strengthened even with their stumbles in the last few days. tom: -- francine: what exactly are you accusing them of doing? if we call it to the reddit roller coaster, what do you take issue with what happened? david: the reasons they had to raise money and suspend trading seemed increasingly as we talk about it more and more understandable. they simply had to meet the demands of their business partners to cover the possible risks of

i am going to show you tesla in a second, but a number of them including jack dorsey's square.coin falls 14%. still not a problem if you bought a 10 years ago. the pound, speaking of traditional fiat currencies, 141 on the pound. relative strength for the british currency as well. individual movers, i mentioned tesla. bitcoin hurt tesla, but bmw ceo saying he does nothing tesla can keep up the kind of growth it expects. the stock is down more than 5% to a level below what it started this year at, and even below what it started in the s&p 500 at. falling below its entry-level. i think carol massar is actually talking with kathy would. look out for that interview on bloomberg radio and television. arc down 6%. cciv, churchill capital corp., the spac that is going to complete a reverse merger. the transaction probably won't be done until the first quarter. after the news is confirmed, down 33%. home depot also a big drop even though the company said business has been going gangbusters. it does not want to make an outlook for the full year. as a result, investors have sold off. con

jack dorsey donated $10 million to this center for anti-racist research. the company handed the center 1.5 million, rockefeller foundation gave another 1.5 million. fairfax county public schools in northern virginia paid him 20k for an hour long lecture and spent another $24,000 buying his books. you add that up around the country. >> that's like janet yellen level money by the minute there. it is a huge industry. people were mocking this. no, no. every time i'm asked to be on a panel, bar function, there's a dozen people doing this for a living and corporations have full time people who do this. their job is to make everybody feel bad and guilty. i don't see a lot of solutions being pedalled. i think extremists being pedalled. if you were doing this as a business, you would never want to stay up. >> laura: everyone is inoculating themselves. it's big business. thank you very much. we told you about sky rocketing crime in her city, but lori lightfoot is failing chicago at every turn. do you have a life insurance policy you no longer need? now you can sell

i had well respected liberal public friends who were applauding jack dorsey on twitter when he bannedmp. since when are good liberals for censorship? but he broke a lot of these people, he really did. when you see what is going on with impeachment right now, nobody cares except the media elite. and the woke stirrers, nobody cares. and i'm fairly certain we have bigger problems in the country like having unemployed people. >> and a litany of other issues that government should have something to do with but what are they doing? we are impeaching a guy that is out and can't get on sparta five because they booted him from that. >> laura: dave, great to see you tonight thank you very much. the w.h.o. dismissed the lab theory. it is all over, no questions asked. not so fast, a current advisor to the w.h.o. is brave to come on and he will tell us why, next. to navigate your active days, weathertech has you covered. mirrorfone secures your phone to almost any smooth flat surface. ♪ ♪ cupfone keeps your phone secure while driving. ♪ ♪ hi mom. -hi. the deskfone even adjusts for horizontal viewi

by the way twitter cofounder jack dorsey, he donated $10 million to the center for antiracist researcht, the company protects for pharmaceuticals $1.5 million the rockefeller foundation and of course $1.5 million. and pear county public schools in northern virginia paid can be 20k for hour-long lecture and spent another $24,000 to buy his books. and you add that up around the country. >> that is like janet yellen mongol money by the minute there. it is a huge industry. someone mocking 20, 40 jobs, no. every time i'm asked to be on a panel, aba or otherwise, there is a dozen people doing this for a living and corporations have full-time people who do this. their job is to make everybody feel bad and guilty. i don't see a lot of solutions but a lot of grievance being peddled to. indeed to come if you are doing this as a business, you would never want to -- >> laura: everyone is inoculated in themselves. it is box checking and big a business, thank you so much. we told you about skyrocketing crime but lori lightfoot is feeling chicago every turn. "the last bite" is next. .. do you have a

jack dorsey, say what you like about the guy, he's running two of the most successful companies. same thing in an internet i think twitter's become one of those foundational stocks. >> given the growth rate of twitter that neighbor snap and pintrest are gaining share where do you grow for growth >> see, the problem with snap is that it's performed or out performed so aggressively much over twitter that valuation becomes the concern. when you look at the digital ad market globally, twitter is still an infan advertise malpercentage of that. i'm not a bull on twister. the all-time high is 74. back in 2013 i think it has a shot of trying to make it to that level but user growth -- and i hear what guy is saying -- user growth is the holy grail in this and they just can't seem to grow it as fast as advertisers would like them to. and now they're going to have a subscription model so you can't grow the user base but you're going to charge it now. longer term, i'm a seller of twitter. more news out of washington. >> that's right. the impeachment trial of former president trump has cleare

. >> i've suspected liberal public friends applauding jack dorsey for suspending he broke a lot of thesepeople what's going on with impeachment right now, nobody cares except for the media elite and the wokers ters the litany of other issues that may be government should have something to do with, instead where are they doing? impeaching a guy who is out who can get on spotify because they booted him from that. >> laura: great to see you tonight. thanks so much. the w.h.o. has just dismissed the covid lab leak theory.oyo has braved to come on and will tell us why next. -what, you mean-- -mhm. -just like that. -wow. so sudden. um, we're not about to have the "we need life insurance" conversation again, are we? no, we're having the "we're getting coverage so we don't have to worry about it" conversation. so you're calling about the $9.95 a month plan -from colonial penn? -i am. we put it off long enough. we are getting that $9.95 plan, today. (jonathan) is it time for you to call about the $9.95 plan? i'm jonathan from colonial penn life insurance company. sometimes we just need a reminder not t

they talked about it, pressuring him on the story, people like zuckerberg and jack dorsey from twitterre that they would censor information that was not favorable to this cabal of left-wing activists and big union, afl-cio and everybody else trying to get joe biden, all in there. and the other thing is that -- >> mark: it is incredible, it is incredible to me miranda, it was two weeks before we went from you can't talk about stopping the steel to posting, bragging about the steel, which is what this "time" magazine post does. it's quite incredible. you can't object to the election, but you can brag about fortifying it. thank you very much, miranda devine. trump supporter's have been ordered tonight and they do, they found it in their hearts to shovel a liberal neighbors driveway. but it could be something more nefarious behind this good deed over snow shoveling. the "los angeles times" think so. that is next on "fox news primetime." ♪ ♪ comfort in the extreme. the lincoln family of luxury suvs. when heartburn takes you by surprise. fight back fast, with new tums naturals. free from art

they report that facebook's ceo and twitter chief jack dorsey are willing to appear before the houseof what the hearing would entail are not yet clear but they say that the appearance could be contingent upon google ceo. all three executive appeared before the senate last october to discuss their content moderation practices ahead of the presidential election. >> all right. thank you. >>> a look at what is coming up later. anthony mason joins us from new york with this. good morning, anthony. >> good morning. >>> the latest on the winter storms sweeping across the country. and almost a year into the pandemic there is question on over how to travel safely. a first look at the airline to offer in airport coronavirus testing. also, united states intelligence is trying to stop a cyber attack. the former chief will be asked if we should be concerned about our own personal data. >>> author heather mcgee joining us to describe the economic cost of racism. how everyone lost out because of racist public policies. >> see you then. thank you. >>> mandatory hotel quarantine restrictions beginnin

jack dorsey's payment company square announces it buys another $170 million of bitcoin.you were going to consider taking the leap in the next 48 hours. so what happened in that following 48 hours? i meant to e-mail you. did you end up buying bitcoin? >> i did. according to my boys i am now a card carrying member of the digiradi. according to other people, i'm the legitimate bag holder many i'm probably the guy who paid the most for bitcoin out there. i did buy it of i bought it because i can't afford not to own it. maria: okay. so you think it goes higher from here? i mean, if you just bought it, yeah, you paid the highs. you think it goes higher from here? >> well, i'm in at about 53,000 or so a coin. i don't really care how much higher it goes. what i'm looking for is the same thing blackrock is looking for, i think it's a cash alternative. i'm very interested in the digital currency world. it's very viable. bitcoin is the clear leader. all the institutions are moving into it. i couldn't care that it's not usable or all of the other arguments that people tout right now

was also the first earnings call since the platform banned former president trump and here's ceo jack dorsey last night on the earnings call addressing that. >> we are a platform that's obviously much larger than any one topic or any one account 80% of our audience is outside the united states, and we have more than 50 accounts with over 25 million followers conversations on twitter every day are based on what's happening in the world, and we have proven in the past few years if we do the work to serve the public conversation, our daily audience grows >> twitter's cfo ned segal is going to be joining us in a first on cnbc interview. that's coming up at 8:45 a.m. eastern time this morning. andrew. >>> sister shares have fallen, let's take a look at where we are, down about 4 1/2%, the earnings and revenue beating estimates but revenue from the key infrastructure platform was down 3% from a year ago, and revenue from the applications unit, that includes web x video calling, that was flat the company warned of potential supply chain head wind as well related to the global shortage of semiconduc

trump on january 8 has really played out in the week of the capital riots for the company, ceo jack dorseyter is a platform that is a much larger than any one topic or any one account. i guess he did to get more specific that 80% of all users were outside of the united states dorsey saying is not just the news or the political platform, they dribble that point home. they posted a narrow loss for 2020 then expected at the pandemic did obviously hurt his business annual revenue down about 35%, 2.4 billion they did very aggressive cost-cutting and worker furloughs the stock has more than doubled since novembee vaccine news was really dominating the headlines and the company's most hurt by the shutdown once again were seeing the future winners for the forthcoming entry order coming in 570 million down 44% from last year. we'll see as the pandemic oakley goes away, maybe things will get better. "after the bell" we will get numbers from uber, the estimate 56% 3.58 billion in revenues and return investment will see what happens. investors paying attention to uber e how it's performing and how the

kim: what is it that you see that the likes of elon musk, the lack -- the likes of jack dorsey or paypalboard, what is it you see that they don't see? william: they are billionaires, so i don't know -- they probably see things i will never see but money is a confidence game. why does the dollar have value? why does any currency have value? it's because people believe in it. for the moment, people believe in bitcoin. kim: do@@ you think other banks are likely to follow in their footsteps? are they investing or seeing the value? what are the legal constraints banks might face? celso: i'm afraid i'm going to sound a cautionary note to all the positive news. it is good news that the u.s. security's and exchange commissioner has recently pushed back in an interview against the government narrative in the u.s. that cryptocurrencies are a dangerous route for terrorist financing and push back on the december of last year when the notice of proposed rulemaking was unveiled where banks and money services and businesses would be required to submit reports and keep reports, verify the identity of cu

matt: big on tesla, big on bitcoin and we saw also jack dorsey going in by $170 million of bitcoin yesterdayof people were buying the dip. carol, i miss you. carol: the keep us apart. matt: we have to get together. we spent the entire global financial crisis together on wall street. i heard cathie wood outer a phrase to you that we must have heard 1000 times in 2009, 2010. this market is climbing a wall of worry. is that a concern? when people start saying that, i feel we might be in double territory? carol: we are, there are concerns about inflation. we need a little inflation. this is the economy getting back to normal. her fundamental thesis is she believes in these companies and she believes these are ones that are going to be the big players going forward. it is not a one day or one week trade. when we see pullback, it is going to happen. tesla was up more than 140% last year. it is safe to agree that it got ahead of itself, even those who are bullish on the name. a lot of her funds have pulled back for the february highs. does not necessarily mean the trade is coming on. she has lost s

it's one thing to have paypal and jack dorsey talk about it, but i mean bank of new york mellon is the largest custodial bank in the world, our oldest bank and to hear them say that eventually they will treat it like any other asset sounds different. >> it sure does. there's a couple of streams of thought there going on about assets that are going to be treated differently. we will be talking about the pot stocks what's the big differentiator in pot. it's a cash business it needs to be in credit you can't buy on credit. all of the different repository, brinks trucks. that will change and go into credit we're suddenly seeing this as a form of credit, and people want to use bitcoin as a form of credit but how do you buy a lamborghini with bitcoin and how do you buy a bag of doritos with bitcoin? >> right i don't know it's got to be immediately translated, or does it just, or is it its own thing? >> who wants that level of risk? >> is musk going to price tesla's in natural bitcoin you know i'm selling this for one bitcoin. 47 grand there you go you can sell the model he's right around the

we see it trading right now slightly below at $49,000 a coin after square ceo jack dorsey announced -- square, the payments company -- had purchased $170 million worth of the cryptocurrency, adding to the $50 million worth of bitcoin it had bought in october. square joins the fast-growing number of companies, we've talked about this, tesla, paypal or agreeing to accept the crypto. this is a new one, micro strategy, a business intelligence company, announced today it bought another one billion worth bringing its holdings to nearly four and a half billion. tesla's in for one and a half billion. and then you've got lohli, zappos, etsy a all either accepting or giving rewards in bitcoin and other crypto. speaking of which, other crypto, doge coin jumping 25% today the after tesla's elon musk tweeted this meme showing the doge dog -- [laughter] planting the doge flag on the moon with the caption, quote, literally. with crypto and stocks rising simultaneously but big tech lagging, let's take you to our floor traders. teddy wise legger. >> -- teddy weisberg. >> we've seen it for weeks, but i

. >> and so, people like jack dorsey running twitter and square, and he was talking about after kickingnt trump off, and now the attention to square, and what do we make of dorsey and the bitcoin and the value of the companies >> dorsey loves bitcoin, and look, it is remarkable that he can run the two public companies for as long as he has, and forget about how much square is up from the lows this year, but if you are looking over the last 12 months, square is up 225%, and so we are talking about the meaningful growth in what i would say that dorsey has tapped into here is the idea that people want to have digital access whether it is to conversations on twitter or to payments with square. this is a company square that has seen an acceleration due to the pandemic, and yes, it is going to be getting another boost from the stimulus, but this acceleration, and the trend that we have seen due to the pandemic, and people doing it virtually is going to be sticking around, and dorsey is going to benefit from it. >> do you believe this is what square is for? >> well, the transition around pande

you don't have people like jack dorsey and michael sailor from microstrategies buying the bitcoin, becausess to the digital dollar. they want something that is not affiliated with the government or the central bank or the monetary policy, so it is not much of a competition there, and i think that they can exist side by side. >> it is like the "the office" and the bobs, right, and the bob pisani, and the jays and the powells, right when they are coming, they move this market. >> i like that tight shot of jay powell, and it is visceral, and like being in a alfred hitchcock movie, and we should do it more often. but janet yellen is right, how can you use it as a method of payment, when it is almost losing 25% in two days because elon musk says it seems a little high. it is not bitcoin that is a little high, but it is people who are a little high who think that it is a little medium vix exchange, andhe tethered dollar, we will iron out the dollar, and it be used, and not the one we have here. >> and again on the tweet, and deirdre, deirdre, and he said lol, and speaking of high, that tweet cam

start-ups like tech giants like facebook that wants to copy that formula >> i mean, we also had jack dorseych conference last week. he spent time talking about the social audio after what they are calling spaces and they see it as a big opportunity. we think about audio, in general, you look at the growth of podcasts or the growth of spotify and the other platforms or even j you the growth that amazon has seen with audible there's clearly a lot of demand here we are moving beyond the text world, think of twitter and 2 vote40 or 280 characters around we are trying to engage with something more rich. audio is the next step there is a lot of work around video. the live social audio and being able to connect with people that you care about or you know people that you find interesting, live in realtime, instead of waiting until something has been recorded and edited, just for allows so much more engagement and interest, you know, it's the difference between live tv and recorded tv. there is always something more interesting that could potentially happen i think that's a big part of what you are