Vaughan Davis

I'm interested in Instagram.

Well, you're actually still interested in Meta.

They're still getting your eyeballs.

Their advertisers are still seeing you and you're still seeing their ads.

Yeah, absolutely it is.

It's also a great strength of the company.

I mean, we see this all around the world and in New Zealand business too.

So without Elon Musk, no X. Without Zuckerberg, no meta.

Without whoever that guy was, no zero in New Zealand.

And we saw in, you know, Ruth, in William's book, Careless People, the dangers of personalities having disproportionate impact on companies.

But, you know, a bit like that local example, people are prepared to put up with all sorts of foibles if their share prices, you know, keep increasing.

And on the whole, they seem to have been.

Yeah, that's right.

I mean, it's a wacky place.

Facebook, I've been lucky enough to visit a couple of times.

And when they give you the tour, certainly at the time I was doing a little bit of work there.

And Mark Zuckerberg's office was a ground floor on a corner office with glass on two sides.

So he could see everyone's walking around.

And the strong direction from the tour guide is if he's in there, don't look at him.

Don't look at him.