Deborah Crawford | Facebook, Inc. |
Mark Elliot Zuckerberg | Facebook, Inc. |
Sheryl Kara Sandberg | Facebook, Inc. |
David M. Wehner | Facebook, Inc. |
Brian Nowak | Morgan Stanley & Co. LLC |
Eric J. Sheridan | UBS Securities LLC |
Ross Sandler | Barclays Capital, Inc. |
Douglas T. Anmuth | JPMorgan Securities LLC |
Heather Bellini | Goldman Sachs & Co. LLC |
Mark Mahaney | RBC Capital Markets LLC |
John Blackledge | Cowen & Co. LLC |
Justin Post | Bank of America/Merrill Lynch |
Mark A. May | Citigroup Global Markets, Inc. |
Richard Greenfield | BTIG LLC |
Anthony DiClemente | Evercore Group LLC |
Peter C. Stabler | Wells Fargo Securities LLC |
Brent Thill | Jefferies LLC |
Colin Alan Sebastian | Robert W. Baird & Co., Inc. |
Good afternoon. My name is Mike, and I will be your conference operator today. At this time, I would like to welcome everyone to the Facebook Second Quarter 2018 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.