joining us for more is benchmark company and our own john fortt.an, what do you do with the shares now? >> i think this is a buying opportunity. look, something nobody is talking about, the guidance wasn't that bad. the consensus is comfort my within the guidance range and operating income line, consensus at the high end of the range but typically other than this quarter, amazon that's beaten that range in the past. i would use it as a buying opportunity. >> how do you think margins on the cloud business are going to progress throughout the year? do you think we're kind of at the max in terms of what we can see or do you think there's upside there? >> i mean, when you've got over 50% down margins in the cloud business it's hard to argue for significant upside. john mentioned earlier, growth of 70%, exceeding aggressive consensus estimates, they are going continue to be price cuts but amazon with this investment spending, they are starting to realize kpacht in warehouses and data centers, as they continue to fill that capacity, clearly there's -- id

with me is john fortt. carl is off.so joins us and zillow group spencer rascoff. stocks are lower today despite friday's rally amid the first positive week of the year. it is still an ugly start to 2016. the dow, s&p, nasdaq all down more than 7% on the year. energy prices yet again weighing on the market. oil prices sliding lower. we seem to be repeating these headlines. oil, though, now down more than 16% year-to-date, spencer. what looked like a bounce last week we know now is potentially not a bottom. >> you know, it just goes to show how confusing the difference in the divide is between wall street and main street. most regular americans think the price is oil is down, i get to save money at the gas pump and yet we're telling them that's really bad for everybody and that's why stocks are down. clearly investors have rediscovered risk. they are caring about valuations for the first time in a long time and it starts in the public markets and certainly trickling upstream to the private markets. i see this in my angel

with me is john fortt. carl is off.pencer rascoff. stocks are lower today despite friday's rally amid the first positive week of the year. it is still an ugly start to 2016. the dow, s&p, nasdaq all down more than 7% on the year. energy prices yet again weighing on the market. oil prices sliding lower. we seem to be repeating these headlines.