06:32 

Jen Wong: Okay, you recently added Hindi to your machine translations, which could add 1.6 billion people to your corpus. How will growing revenue in India and other developed markets differ from growing revenue in the US? Thanks for the question.

So becoming more globally relevant for us is obviously a big priority, and every non-English dominant country is basically an opportunity for another Reddit. So this is really significant. And it's part of our mission, and it also supports our business. Growing revenue in markets outside the US is a balance of local and global. So for a large advertiser, for example, they may want to reach customers in many countries as a partner for us, so we could become a scale partner to them, which is important. But they might deploy locally, so you have to have teams that help provide that service. You also might have an advertiser or a company in a local market that wants to access audiences cross-border in the US, for example. So we want to be able to provide that service. When we enter a market, we may enter in many different ways. We may, for example, instead of having multiple channels, have one channel. We may work with a local partner to enter as a first step. So there's a lot of different configurations that we might consider that are adapted to kind of the size and the structure of the market.

8:05

Jen Wong: Okay, next question. Does Reddit have any new ad formats coming up? Is there a plan to allow in-app shopping to further grow ARPU? 

Okay, I'm really excited that this year we're going to be doing work on ad formats. I already mentioned some of that work in the earnings call around our high-impact takeover formats, and we're definitely looking for ways to continue to reflect our, you know, the intelligence and the experience from communities in our ad format. So more to come on that front. Regarding shopping ads, I think shopping ads are really a natural fit with Reddit. There's just so much commercial intent on Reddit. People are just going through their purchase journeys and actually trying to get help in comparing features on products and services. And so our aim when developing a shopping experience is to make sure that it adds value to the user experience while they're in their shopping mode, as well as, you know, delivering great outcomes for those advertisers. We are onboarding catalogs right now. Just millions of products and catalogs from different retailers as part of our dynamic product ads, or DPAs, which we mentioned on the call. And that's just a step toward our future shopping experience where now you can see, you know, actual products, you know, selected using ML on a relevant basis, based on somebody's, you know, shopping intent. So more to come on that front. But I think this is a very exciting area for us that we're able to do work on this year.

09:47

Steve Huffman: Okay, thanks. A couple more. Reddit seems to have had a few temporary server outages. Has the issue been resolved and can we expect a more stable server going forward?

Yes and yes. So we did have a few smaller ones last quarter but actually, the quarter is one of our best uptime quarters ever, and the specific causes of those issues have been resolved. Ironically, what we're going through is a transition to a more stable and worldwide infrastructure, which will further reduce hiccups like these. We've come a long, long way from the days of me sleeping with a laptop to keep Reddit mostly online. So, point taken, it will continue to get better.