million since last quarter. joining me now to break all of this down is media reporter for axios sarah fisher. we still have with us jo ling kent and guy cecil. sarah, let me start with you here. what do you attribute what happened with facebook to? the incredible drop in value, is it simply because the users are down, is it concerns about privacy, why? >> it's a bunch of those types of things. definitely privacy is playing into some of its expenditures. it has to hire more people to oversee programs. really what analyst wills tell you it shows they are hitting a growth wall when it comes to advertising. facebook warned investors it would slow in the news feed. we are seeing it happened. and investors know that, which is why the stock plummeted in response. >> jo ling kent, you were on that call, and i think it was --