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WERE BACK IN OVERTIME. SHARES OF SNAP SOARING, 9% THATS AFTER THE SOCIAL MEDIA COMPANY ANNOUNCED IT WOULD CUT 20% OF ITS STAFF AS PART OF A SWEEPING RESTRUCTURING PLAN. OUR NEXT GUEST SAYS IT SHOULD HELP THE STOCK IF AND WHEN A SLOWDOWN HITS. JOINING US NOW STAR VENTURE CAPITALIST RICK HEITZMANN. GOOD TO SEE YOU AGAIN. HOW ARE YOU YOU HIT THEM WITH A SLEDGEHAMMER NOW YOU PUT ON KIDS GLOVES NOW HOW DOES THIS MOVE MATCH UP WITH WHAT YOU THINK HERE? THIS IS WHAT THEY SHOULD HAVE BEEN DOING, EXACTLY WHAT THE BEST COMPANIES HAVE DONE OVER THE COURSE OF 2022 IS YOUR COST OF CAPITAL INCREASED TREMENDOUSLY AND SNAP WAS PROBABLY THE LAST COMPANY TO TAKE ACTION ON IT. SNAP THROUGH THEIR BASE OVER 100% THROUGH THE PANDEMIC. SNAP IS TAKING THE MACROECONOMIC CONDITION SERIOUSLY THINNING DOWN AND FOCUSING ON THE CREIGH PRIORITIES IS THE STORY INTACT IT IS INTACT. I THINK THEY WERE LOSING FOCUS, FOCUSING ON DRONES THEY WERE FOCUSING ON ALL THESE OTHER PROJECTS NOW THEYRE