Spencer Rascoff

No, I think, well, if by Instagram you mean people meeting each other on Instagram, no.

If by Instagram you mean people sitting on their couch and doom scrolling and choosing not to get out there and date, yes.

So, I mean, our biggest competitor at Match Group is just inertia.

It's just people's...

loneliness and sort of doom scrolling on TikTok or Instagram or other social media, even Netflix or YouTube.

We need people to put their phone down and put themselves out there and go try to meet new people.

That to us would be a flip of a headwind into a tailwind.

And generationally, that's a little difficult.

A lot of Gen Z is pretty nervous about meeting new people or isn't sure it's worth the return on their time or

or maybe in some cases didn't develop the social skills because the pandemic caused them to miss a couple critical years, and so it doesn't come as naturally.

So this is starting to change, and the double date is an important part of this.

In real life, events are an important part of it.

That's why they've been so central to the Tinder turnaround.

You have the pipeline.

Divorces.

A new member of our board of directors is Raina Moskowitz, who's the CEO of The Knot worldwide.

Yeah, there you go.

So no, Match Group isn't doing it, but we're very lucky to have Raina's expertise as the leading.

We have a pretty, relatively speaking, small advertising business, considering how big our audience is.

We make less than $100 million on advertising out of our almost $4 billion of revenue.