Speaker unverified: belief

Transcript context

…Interesting. Is there anything interesting to say on moderation? I presume that's just been a multi-decade journey of getting that right. What I would say is it's important. I think the content experience that our community has is really important, that we've always had fair, consistent content guidelines that we share with everybody so that they understand the rules of the road. Our concept has been there should be rules of the road. I think 5, 10 years ago, that was different. I think now more people are appreciating that there should be more guidelines around the types of content displayed on services online. People talk a lot about distribution dynamics in this space. The fact that you guys, now that you're soon passing a billion MAUs, there are a lot of advantages you have where you can promote the Discover content in the existing app that first became popular with messaging, but also your competitors can do that with your functionality where you invent functionality, and they can distribute it to their user bases. I'm just curious how the… You're on both sides of that. You have your own distribution, but you also compete with others who have even more distribution. Just how is the distribution battle playing out at the moment?…

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