It is, of course, not a mutually exclusive situation. But to your point about demos, if you look at the data it paints a different picture than what you've sugg

It is, of course, not a mutually exclusive situation. But to your point about demos, if you look at the data it paints a different picture than what you've suggested. As an investor in FB (not that that makes me special) I read the Piper Jaffrey report that I presume you're citing. What it overlooks is that FB owns Instagram. Where FB is weak demographically, Instagram is strong. Moreover, FB's value has never been strength among the youngest demographic. Sure, hooking a user early is great but hardly the only path to acquisition. Just ask my mom. Or, probably, your own. And feel free to use whatever language you want. I stand by what I said.