Rory Driscoll

Put that in the negative.

And then last, a well-funded public company competitor is directly entering your space with a structural cost advantage.

Now, you can hit total on that and decide my impulse at the end of that is to tweet and say, well done.

But deep in your soul, you kind of go, hmm, not sure that was the best day out there for my stock.

At least stay private longer.

You can't approach this deal economically.

It's a political slash geopolitical decision to force TikTok to divest when you have that and then have a very directed purchase or program.

So let's do the economics first of all.

It looks like a very attractive deal.

I think the company is doing $15 or $16 billion in the US revenue.

They bought it for like one times revenue plus or minus.

That's a wildly cheap deal compared to anything else.

Now, there's a term that says some portion of the OPEX is a license fee or some payment back to the Chinese parent.

So you don't know the full economics.

But my sense is that it's a wily, accretive deal for the lucky chosen investors in the new oligopolistic capitalism that we now practice.

So fundamentally, ignoring any other questions, I wish I had some of that in my 401k.

The most addictive popular application in the United States social media marketplace at one time's revenue.

Put me down for some.

It was a very shrewd deal.

No, totally.