RE:RE:Have we reached peak social media?So if you agree on the macro thesis and the fact there are no current underlying earnings to hold up the stock in the event of a selloff as well as no moat to the underlying business I am curious if you own it. Don't get me wrong they do generate EBITDA, but a value closer to 0.90 - 1.00 is closer to what is reasonable. At a 1.30 you are not discounting small cap execution risk or competitor creep on the business model or clients.