Yes. Well, I think that's true, Mr. Waugh, through the chair.
If I could, I'd just respond to this question about the value of news, though, which I know you raised also.
I think that when we're talking about value, we believe that news has a real social value. The problem is that it doesn't have much of an economic value to Meta. That's the real concern with this legislation. We are being asked to compensate news publishers for material that has no economic value to us, and that's where the problem is.
We agree, though, that news has a real social value and that it's entirely appropriate for legislators and policy-makers like yourself, particularly if you've been involved in the industry, to think about how to support the news industry as it transitions into the digital world.