# Amazon in Podcasts, Mar 30–Apr 5: Cash Flow vs Ad Power > Weekly podcast summary for Amazon, Mar 30–Apr 5, 2026. Body to be imported from the source email. # Amazon (AMZN) Newsletter — Week of April 1–5, 2026 ## 🎙️ Podcast Roundup: Cash Flow Concerns, Satellite Ambitions & the Advertising Machine --- ### **The Week's Dominant Narratives** Three major themes dominated podcast discussions about Amazon this week: 1. **The GlobalStar Acquisition & Project Kuiper's Strategic Imperative** 2. **Deteriorating Free Cash Flow Amid AI Spending Pressure** 3. **Advertising Monetization Power vs. Seller Margin Compression** --- ### **💰 The $8B Question: Why GlobalStar Matters (And Why It Doesn't)** **Featured Episode:** *Motley Fool Money* — "Amazon's Satellite Ambitions" Amazon is in discussions to acquire satellite telecommunications company Globalstar in a deal valued at approximately $9B. One complicating factor is that Apple owns a 20% interest in Globalstar. No agreement has been finalized and talks could still shift or fall apart.[1](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjnamAo84r9E9QIVecavvjzqLEyN93K6UtC8KbFtkBOUkWCIaIMY5BO2DnEQbj5jm-2BOouE1xiVsFz7U-2FE-2FVHbPTJlnu_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQIYEToRhrIQ074HOqhXo5Y2-2F0VA9wywpSumKRHv6MY5aIwoTrFfYJWYfmdUyewkTOeqtH4RKYwruvVoRMFhm9ZabTCMsYBSgxWo3FvJiKz-2FJ2-2BFPrMLBRkywl8PZNgZADQ-3D-3D) **Matt Frankel** (Motley Fool analyst and Amazon shareholder) positioned the satellite play as a potential **AWS differentiation strategy**: "Amazon building out its satellite count would be a big competitive advantage for AWS. Microsoft and Alphabet…they don't have that. These satellite capabilities can remove geographical constraints at the edge…let Amazon's customers move data without using the public Internet at all, something its competitors can't offer." However, **Tyler Crowe** tempered expectations, calling the space business "extremely early. I wouldn't even say early innings. It's like watching the pitcher warm up before the game even starts." **Key Context:** Amazon currently operates only ~200 satellites versus Starlink's 10,000+. The GlobalStar deal would primarily provide **spectrum licenses across 120+ countries** — assets that Frankel noted "are highly regulated. They require years of navigating regulation, not only in the U.S., but all over the world…no matter how much money you have, you just can't speed that up." **Investment Implication:** At ~$8B, this is financially immaterial to Amazon's ~$2T market cap. Frankel candidly stated: "I'm an Amazon shareholder, and 100% of my thesis is built around the e-commerce platform and AWS." Treat satellite as a **strategic option, not a valuation catalyst**. --- ### **🚨 Free Cash Flow Crisis: The $66B Debt Elephant** **Featured Episode:** *Motley Fool Money* — "OpenAI's $122B Funding & The Hyperscaler Trap" **Travis Hoium** delivered the week's most sobering financial assessment: "Their free cash flow over the past 12 months, less than $8 billion. And that will be negative in 2026. And they have $66 billion worth of debt." Amazon was confirmed as a major investor in OpenAI's $122B funding round, with **Lou Whiteman** highlighting a critical structural detail: "Some of Amazon's money is tied to achieving artificial general intelligence. If and when that happens, we'll see. It feels like just lawyer bait." This suggests Amazon has structured **contingent commitments around AGI milestones**, potentially limiting downside risk. But Whiteman articulated the game theory dilemma facing all hyperscalers: "Even if any of these hyperscalers are having second thoughts, their most rational move is to keep spending…If one of them blinks…the read will be ours isn't as good as everybody else's or we have failed." **Hoium contrasted Amazon's position unfavorably** to Microsoft and Google: "Microsoft and Google, they have a little bit more cash flow. They don't have the same investments that they need to make in some of their non-data center businesses." **Critical Question:** Hoium raised the inflection point that could change everything: "Are we at the point where the market would react positively [to spending cuts]?…Management teams are going to have to start thinking about, hey, if we cut back, is the market going to cheer?" **Investment Implication:** Cash flow is THE critical watchpoint for 2026. Amazon faces dual capital pressures from AI infrastructure AND ongoing retail/logistics investments that peers don't share to the same degree. --- ### **💳 The Advertising Power Play: "Penny Pinching Galore"** **Featured Episode:** *My Amazon Guy* — "Amazon Credit Card Changes & Seller Fee Increases" **Steven Pope** (founder, My Amazon Guy) dropped a bombshell operational change: effective **April 15, 2026**, Amazon will **eliminate credit card payments for advertising spend**, forcing sellers onto ACH bank transfers with only two weeks' notice. Pope's characterization was scathing: "Penny pinching galore…private equity getting profits out of Amazon." Yet this policy change demonstrates **extraordinary pricing power** — sellers cannot easily shift ad budgets to alternative platforms despite unfavorable terms. Pope claimed (though unverified by financial statements) that "advertising is now their largest form of income" as of April 2026. **Matt Frankel** pushed back against dismissing Prime Video's role: "Prime Video should be a part of the thesis, more so than a lot of people think. It's a big part of Amazon's advertising platform, which is one of the fastest growing and most profitable parts of the business." **The Seller Margin Squeeze:** Pope outlined accumulating pressures: - Rising fuel surcharges - FBI fees - PPC cost inflation - New advertising payment restrictions - Ongoing tariff headwinds ("China tariff days ahead for us in the next few years") One frustrated seller asked: "What is the perk of being an Amazon seller at this stage?" Yet Pope maintained: "Amazon selling is the greatest wealth transfer in my lifetime…You can load and launch a new product for 10K and turn it into a million dollar product within one year." **Investment Implication:** Advertising is an underappreciated profit engine and demonstrates Amazon's pricing power. However, the accumulation of fee increases and policy changes creates a slow-building risk of **seller attrition or reduced platform investment** that warrants monitoring. --- ### **📊 The Data Moat: A Historical Perspective** **Featured Episode:** *Math & Magic* — "Building Amazon's Agency Advertising Team" **Lisa Coffey** (former Amazon advertising executive) shared a revealing anecdote about joining Amazon when the ad business didn't even exist. Her mentor **Mike Schneider** told her: "Do you know how much data they have?" This underscores how **data has been the foundational moat** for what is now the third-largest digital ad platform, built on years of consumer purchasing behavior before the advertising business was even monetized. --- ### **🌍 Geopolitical Risk Reminder** **Breaking News Context:** Amazon's cloud computing operation in Bahrain was damaged after an Iranian strike. The attack comes a day after Iran's Revolutionary Guards threatened to target U.S. companies operating in the Middle East, including Microsoft, Apple, Google, Meta and others.[1](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjnamAo84r9E9QIVecavvjzqLEyN93K6UtC8KbFtkBOUkWCIaIMY5BO2DnEQbj5jm-2BtuQ7q7a-2FdgIM5EJ3-2B4Sa4--ie_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQN6CT-2BA2ZswSaiK36CnG2F4JnomzKWaq8SNcWqSONu6lMEReLS1wUohXsDkDALRhYsx7W-2F3kwEqbPd9dcDIeo4kd3s-2BRfyA7FqrtziZSqW6n0PIldbAmxnMvaBeJGNOVfg-3D-3D) While podcasts didn't address this specific incident (most were recorded before April 1), it highlights **AWS's exposure to geopolitical instability** in regions where hyperscalers are racing to expand infrastructure. --- ### **🎬 Content Business Update** Amazon's "Project Hail Mary" grossed $33.1M domestically in its opening day[1](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjnamAo84r9E9QIVecavvjzqLEyN93K6UtC8KbFtkBOUkWCIaIMY5BO2DnEQbj5jm9M9w3BVm1YBTPV9rd80TuxJuC1_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQCO2C3pUL-2FnUXeqMrRmhgr5xtzoTMvc5TDOYuFeo7mWMKGyYXa0pT-2FyCbEdxOexDZPWUI7dtxsUn5OJ7zYc7XHJk3gKWUmJMIm8lEcYujGdN5ZAEp6bXULOLOmqk9PFGxg-3D-3D), though it was surpassed by Universal's "Mario Galaxy Movie" at $34.5M. While Amazon Studios remains a distant fourth behind traditional studios, Frankel noted Prime Video's strategic importance is primarily as an **advertising platform driver** rather than a standalone content profit center. --- ### **🎯 Investment Implications Summary** 1. **Cash flow turns negative in 2026** — The $66B debt load and dual capital demands (AI + retail/logistics) create more financial strain than peers Microsoft and Google face. 2. **Advertising is the hidden margin engine** — The forced payment policy change proves extraordinary pricing power, but seller ecosystem health warrants close monitoring. 3. **Satellite/GlobalStar is a strategic option, not a thesis driver** — At ~$8B, financially immaterial but could provide long-term AWS edge computing differentiation. 4. **AI investment structured with contingencies** — AGI-milestone commitments suggest management is attempting to limit downside, but broader capex trajectory remains the dominant near-term risk. 5. **Market sentiment may be shifting** — If investors begin rewarding capex discipline over growth-at-all-costs, Amazon faces the most difficult pivot among hyperscalers. --- ### **📻 Featured Podcast Episodes** - **Motley Fool Money** — "Amazon's Satellite Ambitions" (April 1-3, 2026) - **Motley Fool Money** — "OpenAI's $122B Funding & The Hyperscaler Trap" (April 1-3, 2026) - **My Amazon Guy** — "Amazon Credit Card Changes & Seller Fee Increases" (April 2-4, 2026) - **Math & Magic** — "Building Amazon's Agency Advertising Team" (April 1-5, 2026) --- ### **🔍 What to Watch** - **Q1 2026 earnings (late April):** FCF trajectory and management commentary on AI capex discipline - **GlobalStar deal closure:** Timing and final structure (especially Apple's 20% stake resolution) - **Seller sentiment indicators:** Third-party seller growth rates and advertising spend trends - **AWS Bahrain recovery:** Any disclosure of service disruption or customer impact from Iranian strike --- **Sources:** - [Motley Fool Money — Amazon's Satellite Ambitions](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjYPYMX-2BZmGW1HIZFjVK5uLNFzYTKCNXzyCOHsq6XRd3rmMAgl7clj15SYq9UmWdLrmNGcFjFnPHIFSl6fGJIaRfudwTGuH7wIjlbDRZAsDsw-3D-3DQ_C4_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQPs0Y-2FeBiCNQJ596pBdmFDO9wDK1D1e0RdsrscGFbyw9Eoit-2FfW-2Fy5OiJUWxKHAOdbBFHaScirGeccy-2B5mftX28DAW0EOTmRbp3rM4wHD88fbHe62zgYotxxCSaLiombUQ-3D-3D) - [Motley Fool Money — OpenAI Funding](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOiStRiUA6Goc-2BaqWwTbRKi8-2FFWT5rq7K-2BtJKp1M9wwIB2p3A-2B8tmNxbamErxegPaZLUZ6zl02gtiCSYCnpTjuTsPBEjJcAf3-2B-2ByPx4mLYYW2w-3D-3D_Kea_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQN8QDbjR-2Fxhu6WMboJ0glT7o-2BOOwAkqRwwRLP0P1o2gKTLATV8k-2BSdFD6Fuc9-2Fz3XkAWUT18fo6qoKLvSZl-2FA66953n8-2BOp3-2ByT9TbJxe27-2BHqKfmiLrAz-2FbcqlRGaWDmg-3D-3D) - [My Amazon Guy — Credit Card Changes](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOhEJgWOCht2P9WrtXjuh2u99Ls9y8F20LXoyrjTuXv5C-2FEKvAr9HoAji-2F-2BipK228-2BIuIjcPHDO4pRKHH8NFN5zLJ-2FF8kTwmADB0IYcDChuV7w-3D-3DPXDm_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQPEwwzDNqNcGqwtFfHZp8CPYkaB66XWPNrasA3UToG4dUiQPKy7n3AG2-2Bb2nuZxRTEBN6ZkKg1AU29KGGuoaofISsW-2FRhCDIxR3vWZkHOKzWTeUhiyyqlKhz6pqZx0-2B68g-3D-3D) - [Math & Magic — Amazon Advertising](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NkrIVb-2FgA4pmf2rMXQwGcOjFuMVzhU-2FYDeikLL-2Bhej-2B2Esq3I2K6N2TV2GkN2fhQPKjnwpGhZ6TcV36f7X2iz4PI-2FZcSP1cLQrpDxRpPCiGB8sgk8TifSOrhyy1MaF5q7A-3D-3D7nxH_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQI7r64jum13PNFI-2FzLawA1x1B-2B5bzEHHK2lhgod01tWcEPlAGWQs8lngs-2FCsSQCfdYMAm8-2FRtjjbkKsPCsxbAUR6H4GbCnHZpzZxDNcKAoWf5vilUV-2B0-2F6ulhYMGa9dguw-3D-3D) - News from 2026-04-01 to 2026-04-02 ## Additional web sources used: web[1](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpIHfoG1CZ2IammpYlOm-2FhyAp972pIiQJq6XeomPb2Ec4VYVWPGhoXp7D2o-2B9ajdFDmrcfRbGGrovXfdMUElR4nP77IjmvWbO0FPlTh10knjr2dncbgOt3iED4AjUeBqpLEOrMbQpUiRiXgd3TQ-2FR9jG0sBEW8UE0DY0xzfiDsI1yF-2BeDuoI-2Fpo8pk9bGgZYaEkBtricttMYN7-2FoIN8mrKx7AmJF-2FtNyqXIBx4biTkQLLdQ-2BT35I7YQrWk6eN8PRnu6g-3D-3DuGwf_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQJQiRc2pkZ4s94elNIfqF7jCPDOEWdlt7PU3Hc-2BCwSQyfY087KJRddOLjoyUV7esvE2IK06o-2FOl2ctXHWKDcxAmQGD56K-2FFTHQWrSqp-2FZDWeCS37J9a4kaYT1lcoHgUD3w-3D-3D), 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web[3](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpIFU9jycYyiKx-2Bxla5D2UdbimNeiVKfjm4HXDBHyPI2ntwBCDgPjZ0y282JTL4iuhzlobtZAJmLH4jhiq7iceFM9DeYZH4o9-2BzPLQvzb9PxPW7pMN2a7gf0a2RAyU-2Baj0-2FKnW8loZNV6Pwu8XYzEZuivkBF3KWHhwzIQ1hmX3sANVQ3ntqtjenuLRg3qhUnSa2mPmY4I4-2B6Vel7kVMOJ1JyhonlXRAV9s8i5Q-2Fp6R-2FCXNq4SH6N4thplpKSKV9-2BW-2FKghND6m5cuWveFXKa2qjeRXsuosI8k6O9IUFM0Uhss4gLl7q94V0zJNCwQyZfa23Gu1LOkqcFAYFqHdcvmykgdZjnMGT7Zc8xA9uAYSNXw2fxkCv_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQKwt-2BCKHmeNEnB1bXBNSVhu48FRanmAUcaU-2FVTmjiC5jgVCXH-2B7H5JMPj8y5JxDB-2Bwbt6jjUTCIvmUpkn4yFdhWUTjezYbuZTx4GOAIoy7oo8K1u5D20DuApkP-2Bkf2ap4A-3D-3D), web[4](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpIOCPt34DrxY-2BwA5ZvuiOlIaP8TblZ5YoVkgach3krFoJmvw7vnmKvoCr1-2BpJr7TprIAle-2FOCDAb7b-2FdheSnloO-2BQUec2giIMOf5CcEiOrjqMk7o54Eqw0qcVmpz6gnWUWwdqidCXpARFxf3ERRnkBvEJ2zW-2FOQRgdhRAtrD2WEOyTGDkb5RYdSh-2FXQBCBDADXBCUqeNsHY-2F44dobKgtkANFddhiJRGyRhRca20m8aDZIu6g6fpocg4NWnxZYYjRTIO4Cwr-2BRhBZOPReisvIxuNf-2BRf4Yh6a716nMVG3eQvbUpewS_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQP3r344oF7QfejQ-2BkbiHbGdzdZDuQGGR-2Bu6NK0rXUrsvxiALVKALRJtpIlyWaTPCzMZIeiW-2Fn49EDQuz6FElJrDjGxmFmJVaFh96gt9pazlsDlPupIRWV51HPFQrikdY0g-3D-3D), web[5](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpINA5s4P8CLNmRS0iwi8yWq32zTpxtpqZ1OGiT2Ur-2FpQ2GEo03V7KJWFiESDzYbGhsKiad8ODjcZg20SApod9qXBv23ZV-2B8DvxR-2FTq2LDSGABNwzjWOmpzkvqvB1OMA6NyeNdwjS9iSgUJWBTulspXGcKpI9bA4hDGIPVPLHt7pbN-2BxD97yAl0DT7UWiFN3T8fZWLhV1fZH3YnHuNOiOk4aQ-3DJebn_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQArf9T0xOli-2FfBAonRjlhmRkJXCJmfAHIS37wR-2F8CAq-2B8RF-2BifC-2ByA6Cdfx1mIExzJBLjt4oKPN7UPVSVPb2btLGnXUVPnusWoJOFxoWbR5Dc9in20Bx9IApE-2F1Thom0Sg-3D-3D), 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web[7](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpIFKDH7jKRHDNBEBdJX2W6vtqPJElJT4LOZdnQoGGxFWrejlZtPdZg04DmHp7KEWx5chbua9aBkePvcV0nuGivl38w1IG6n4HfgF1z-2FwZwxVrX8um-2FzuqkKWAUBd2ygVBbbLb01vLiEGmEkShyMznptWn60F4i-2F-2BLRXkc9-2B1G-2BgK4rI7Zum8g7kR6kjqGas3BSKbjaqyhk9HcUIm8VaCZC6PEgLH-2FR0M4yovJhN9DB8D602sBbJuFbPSVTEIvvTh3fa4oKBcQjAgGr-2F1C9-2FBn5pm5Znqpr9-2BnvO6dxZGPcbdcmqAXAzM5MlJ0C3ifsSZhtRTVtB6BQVhQLWyY2cNzFiOptSePA-2FnAYp775yUQ0iQDOuLp_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQJ3lUUt-2BR1wg6ByEfDOSoz3NmylWT3xTYelVbY8itvreMCeolLkVINBpipek3umTq-2FFQNEtkMw58-2BO-2FsL22JCS0RrVJVTSnYa5YMxdWTTPW4l-2B-2B-2BoOzqQG4-2BSJSEPrHUfg-3D-3D), 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web[9](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpIN-2FBIdnPuAx4SSgroVcu0Ve5NL7nnW7yszO6-2F6ko7ow2-2BD7Q9VjLJ0prCZ-2Fb-2F9owhj3VwoBkgkOBw7079-2BQx65Hg8PCNC0m7tPeP5EVHMdQQ6mj7yA4IEr4dRGARrqYVN5LPQ9djPNt5aGseRLSjHfcVBdE4OqjcvlF9Db0yd6A9oafw1ZggZzEXkWI9O66MgdXhrvngJmroxQnMt4qvmDRONaSaVjV3M5N1WyfmdjKtycOEnIhWCx-2BG1unEL2EzCj6JpL4BR7ahvs5C38zNXsqBJJGMWNLroxSNtFk2FGcHJ5a9_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQPOiZN1P-2FD7togLHo3HY5MfTi7zYqN-2BmvqdkR-2FPYJEWC-2BUVafDcF9jmvdH6XLm-2BokgCpDuhOfSggfrqNwU5XPD26qz69By-2BhtdzgJERU14S2hg3WoEpxw3-2FcW84ljdemOA-3D-3D), web[10](http://url7324.matterfact.com/ls/click?upn=u001.idHmPrr2Geh7KYLAsTy7NsLjCVq1DyuRL4b7YHhJiJic5Sj6qMmkUtKv-2BmREm8eAgvTo0ZOqkVUq9nUDTfWpIA-2Fu87d2anDSmWv2yEJXsZX9MD9fVWqmfc7Tiz7NcYzSVFlF2AR-2BQ6HUIPO-2BPK7rC7XMvVeqGwZhRx-2BJw62-2FCc7WLcWVBvmnxNYH236UySZjJyCIcBDhLBtay-2F-2BxCH7zEPI9Lq389a2i-2Fu-2FmRaqhGVV0klc4g6PbMMojwDzdoVkUN0o-2BAJO89cBBVnFfNp-2Fix-2B4AFysfftBwjvZJ3x0hxW5zNH3jV2GcV40E2jv5TSJjiLDclrIXy-2BMSUer6TqKLaQ-3D-3DocZ2_7mLGwmUci-2BLaXswv9WX1yTgqn3Wad-2FotHhzHgSNAZbVJ72OaiVh09tuohF7yZMoAM445l43v0p5LGkzyWkODQIKDj6g-2FEmZEwTcWR0Fl-2FU1wSaLpQiGa-2BVtjMsje6q1m-2F5jlF0qJxNF5NtltCidyQHApw-2BZUSKFZKhpT7AgSSuunnawCzQB8IHkKCNHRvL6sbUwC1NpBxyqnfSu6kNcU9Q-3D-3D)