 our next speaker is Charlotte Sleiman. Charlotte. Thank you so much. I'm Charlotte Sleiman, Competition Policy Director at Public Knowledge, a nonprofit working in the public interest. We applaud the commission and division for having this session devoted to the real-world effects of mergers in technology markets. I am so tempted to respond to some previous comments, but I'm going to stick with my preparator marks for today, so I hope that we can continue this conversation another time because there's been a lot of interesting points from other folks that I'd love to respond to. It is essential that enforcers take account of the special characteristics of digital platform markets when reviewing mergers in this sector. These markets tend towards tipping, and as a result, nascent and potential competition is especially important. In digital platform markets, it can be even more important to protect competition by blocking mergers since a nascent or potential competitor bought out is unlikely to be replaced by another. One example I want to highlight today is platform annexation. Multi-homing, being a customer of more than one competitor in a market, is particularly important to competition in platform markets. Platform annexation describes a situation where a dominant platform acquires a multi-homing tool. Often another platform. These transactions may be small and not fit into a standard model, but their potential competitive impact is significant. The new guidelines should take account of both of these concerns to help courts get these cases right. Thank you. Thank you, Charlotte.