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  "documentTitle": "2015 Bond Cap Internet Trends 2015",
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  "authorName": "Mary Meeker",
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  "notes": "The table highlights a trend of slowing growth rates for both ARPU and MAU for major internet platforms.",
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      "text": "Y/Y Growth: 29%",
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      "text": "Source: SEC Filings, Morgan Stanley Research. ARPU = Average Revenue per User, defined as annualized revenue per Monthly Active User (MAU).",
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      "text": "ARPU (+ MAU) Growth Strong But Slowing for Internet Leaders",
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