and from san fransisco, sarah lacy, founder of the tech website pando.well, i think right now we are having an identity crisis with snap going public and being the fist big public mobile app, because it is not a san francisco company. it is real a moment for la tech scene. it has a curious structure, they're not even shares, you can't vote. no votes. four billion dollars have been given to staff and they can sell their shares, but still control the company. did no one think maybe that the investors should go on strike on this one? they may have thought it, but it didn't happen. i mean, there is some bigger trends at play here. one is the idea of the cult of the founder founder, where the founder is a god in the company. you saw it with elon musk. and with mark zuckerberg taking control of facebook and now you're seeing it to an extreme level with snap. as long as people buy the shares, they can get away with it. snap is operating in a climate where these companies, these private, highly valued companies have been unwilling to go public. uber doesn't want