we spoke with the correspondent for the "financial times turcotte he had more on the vote. >> you see good turnout at this polling station. voting will be over two days. a sizable number of people will come out to vote to send the message to the world and egyptians that they want stability and security. they are also here to thank general assisi who they see as a savior. he overthrew the muslim government they had grown to despise. he is believed to be fending off a terrorist threat. this is a message constantly reinforced in the private and state owned media. >> you are watching "france 24." time for an update of our headlines. skeptic parties make major gains in the ee you -- e.u. preminger elections --e.u. elections. pope francis praise at the jewish holy site of the western wall on his final trip to the middle east. egyptians vote to choose a new president. the former general credited with last -- ousting the last president is tipped to win. it is time for sports update. we start with the first-round results of the french open in paris. open, rogerench federer got off to a winning

. >> this is "bloomberg west turcotte. concerns of overvaluation have companies delaying ipos.ng me now to discuss this is the guy who wrote the peanut butter manifesto into 1 -- 2006. spreadingyahoo! was resources too thinly. he is with us now in the studio. you will never live down that manifesto. i want to start with box. we are seeing signs they are struggling to get to market. what is your take? >> on one hand they are in a huge market. the market is growing fast. like some of the companies out there that we have seen, they are spending a lot to drive growth. >> they are spending a ton. , $17 million a month. they burn more and a few months than we have in our entire history of the company. it is a different approach. we are seeing couple companies spending a lot to drive growth get reset. we are in a mini correction. losing a lotes are of money to try growth. you see fire come way down. company growing quickly. lots of great customers. they will be able to raise capital. it will set the expectation mark hi. >> i don't think it is a full bubble in the context of 2000. ther