Dealing with ads is depressing. You don't make anyone's life better by making advertisements work better.
There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure.
You have a certain identity that you present to the world on Facebook, and you have a certain identity that you present with the telephone, and they are different.
It's not 100 per cent clear to me what's working about Snapchat. Great, teenagers can use it to get laid all day long. I don't care. I'm 42, essentially married with a kid. I don't give a s--- about this.
Alice B. Toklas
Gijs de Vries