You're not really making me feel any better about this. Google's IPO was only 2.7 times the purchase price of Instagram? Even more, Google's IPO was a fourth of

You're not really making me feel any better about this. Google's IPO was only 2.7 times the purchase price of Instagram? Even more, Google's IPO was a fourth of the current valuation of Snapchat? Those numbers don't feel right to me. Google also was actually profitable at the time of its IPO. It had a real business model.