mr. branson or sir branson will do well. >> you mentioned you are bullish on the airline industry. will the recent string of very tough headlines like the malaysian crash deter people in any way from flying? >> yes, i don't think so. i think the industry has a very good track record of very high safety marks. tragicecent instances of -- as tragic as they are i don't think will impact the way that customers and travelers view safety. their sense of safety when they fly will stay. >> if airlines effectively have to pay higher insurance to cover very unpredictable times, are we going to see higher fares as a result? >> in my view, it is not a big enough piece of the cost structure were it would flow through into higher fares. but sure, if they see pressure on that cost line, which they may, they will probably look to pass that through a little bit. i would not expect any meaningful or noticeable increase. we all know on global wall street that virgin america has tried any number of times to monetize their good work. if they can finally do an ipo and you mentioned delta airlines, does

mr. branson was removed.s 22% ownership. >> that is just one of the deals. >> the other deal is dollar tree. as tom pointed out, it is a big victory for nelson peltz's management. they go one of their founders onto the board. he is also chief investment officer. he is in the board of family dollar. they have been working constructively with management. there is a supportive activist role there. they have been pushing for this deal. carl icahn tweeted that he thinks family dollar and dollar tree would be perfect partners. >> a single sentence from mr. peltz -- by joining the dollar tree party dollar is becoming of a stronger organization that will drive significant value. chris marangi is with us. we're thrilled to have you here with the mergers. this really speaks of the new confidence out there. >> it really does. that isd about the m&a being supported by lower borrowing costs. the missing element was corporate confidence. now we are seeing that return. that is going to push the cycle. >> acquirer, acquiree

mr. ito. putting something up and backing in, trying to find a business article for that. richard branson just wrote an article on linkedin about that. does anyone talk about hacking the business model. in terms of the money we spent without real business models going-forward? >> i don't think that not focusing on revenue is not having a business model. i think the idea that distribution and scale have tremendous business value and are the harder part of the problem, once you have distribution and scale, it's easier to get meetings and generate cash. the business model which is roughly translated by some people into the wrong thing, which is cashflow, it's a shortsighted focus, so to me, i don't think it's that these companies like twitter and others aren't focusing on the business model. it is a business model to focus on. i think at the media lab we tend not to focus -- we focus on impact. we want to hit the real worlds a lot of our stuff is answers looking for questions, because sometimes you'll discover stuff that wouldn't normally be allowed to be searched for if your focus was on so

mr. ito regarding the silicon valley model of putting something up and then trying to find a business model for that. richard branson wrote an article on linkedin, invading the model. does anybody talk about hacking the business moldle at the media lab and are you concerned going forward in terms of the money we spent in terms of invading without real business models going forward? >> well, i think reid can answer better than me. i have don't think that not focusing on revenue is not having a business model. think the idea that distribution and scale have tremendous business value and are the harder part of the problem. and that once you have distribution and scale it's easy to get meetings, it's easy to generate cash. the traditional obsession, the so-called business model which is actually roughly translated by some people into the wrong thing which is cash flow, it's a shortsighted focus. you know -- and so to me i don't think it's these companies like twitter and others aren't focusing on a business model. it is a business model to focus on things like scale. i think at the media lab, we tend not to focus on --