Ken Goralski

“Could you maybe first touch upon the updates to the discovery engine? You did a good job of explaining that in the letter, but maybe if you could talk about when you expect to see some of these longer-term retention benefits filtering into both engagement gains and also potentially monetization gains.”

“First, how would you assess the forecasted returns on compute capacity investments in 27 compared to years 25 and 26 in light of the supply chain constraints and supply chain inflation we're seeing?”

“First, on the cloud and capacity, could you speak about how your verticalized capabilities enable you to navigate a complicated supply chain, especially one experiencing inflation and constraints?”

“Could you talk about any kind of concentration or any specific drivers that continues to drive the robust growth you see there? And as you look throughout 26, any factors we should be thinking about on the top line?”

“Maybe first you could talk a little bit about the kind of progression through the first quarter on the ad side. And as you go into April, any particular categories that you're seeing or geographies that you're seeing changes in performance?”