Speaker unverified: belief

Transcript context

…Overall, I agree with you, Ben. It’s a fantastic deal but when Instagram is our benchmark, that’s just a different class of acquisition and you guys might ultimately have Instagram-type acquisitions that way surprise you on the upside but, you know, you knew exactly that this would boost your traffic by about a third, you paid about a third of the combined company market cap for it. Made total sense. So I’m going to go also with B and then the +; B for the deal and + for the execution. Excellent. Well, I will humbly accept your compliments on the execution. I often said during the time that everything was happening that I felt like I was living in a textbook and that the opportunity to participate in a deal like this in the way it played out really only comes along once in a lifetime. So, it was a fantastic experience for our whole team. You know, I think B+ is fair because I think we’re early days still in reaping the benefits of this combination and as I said earlier, there are all kinds of ways in which we’ve benefited that we haven’t foreseen. All right, let’s move quickly into the tail end of our show. We have three quick sections: followups on episodes we’ve done in the past where new news has come out, hot takes on deals that are relevant in the moment in the press, and then carve outs (my favorite) at the end. First, followups, Ben. Snap Inc.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.