our founding partners, google cloud, h.p.e., oracle, pepsi, rakuten, ticketmaster, united airlines andon. together, with all of our other partners in attendance, we wants to thank you for creating this community gathering place and this performance venue that will transform the bay area. now in closing, i'd like to acknowledge a few individuals who began this journey with us that are not here to see the ultimate success of their contributions. just this past april, we lost corinne woods, the legendary community advocate and chairperson at mission bay citizens advisory committee. all of us live half in fear and half in awe of corinne. she shaped so much of this project with her efforts. [laughter] the governor mention 2014 jennifer macs lost her heroic fight with pancreatic cancer. she was the point guard for this project and the city. and her energy, intellect and personality left an indelible impact on all of us who knew her. when that new bayfront pack opens next year, jen will be remembered with a trail named in her honor. [applause] faintly, it seems to be on a lot of our minds tod

there are new other places including also the ones from chinese companies like alibaba, rakuten. there are so many marketplaces that there is a billion dollar industry that has grown up to provide services to sellers that they can use to list to all marketpla places at same time. >> and you believe that those other platforms are competitive, allow for competitive services? >> yes, absolutely. >> okay, mr. chairman, i yield back. thank you. >> i thank the gentlelady. i now recognize the gentleman from colorado, mr. neguse, for five minutes. >> thank you to the chair and thank you to the witnesses for today's testimony. i want to talk today about facebook. so, mr. perault, following up on a question from the gentleman from georgia, i think what he was getting at is this, is facebook your in your view a monopoly? >> no, congressman, it is not. >> okay. so i assume the reason is because in your view facebook has a number of competitors as you said and a number of products that the company offers. would that be a fair characterization of your view? >> yes, congressman, that's correct.