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“So it is a much more even playing field there. But I think…” — Acquired at 52:28

“So it is a much more even playing field there. But I think that's the bet you have to make if you're going to bet on Snapchat right now, that they're going to outrun Facebook into this new paradigm. Yeah. And perhaps, you know, one of the things or actually the criteria that we evaluate if an IPO was successful or…”

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