those two factors really dodged facebook. >> so, while twitter did a lot of things better than facebook, twitter attraction and why people want to be a part of it. >> we have so many electronic devices, so we feel more comfortable with that. it's a lot more exciting with the birth of a new high-tech company that it might be with birth of a new salad dressing. >> alan martin, kpix5. >> not everybody is happy about twitter's ipo. >> some protesters gathered outside company headquarters in san francisco this morning. they say tech companies getting corporate tax breaks are to blame for rising rents and evictions in the mid market and tenderloin areas. >>> students at san jose state can breathe easier tonight. the university's president says spring classes won't be cut after all. yesterday, school officials threatened to eliminate dozens of classes due to a nearly $4 million budget short fall. but today, they said they are changing course and will redirect money from infrastructure to cover the difference. >> he's not getting your average merit badge for this one. how an eagle scout is help

the thing is facebook inc. doesn't know the context but now we have a system in place and i can resolve to anne and anne could say "i didn't mean to post that photo in an inappropriate way. i'm going to take it down" and we survey the people and everyone feels good about the situation and traditionally we thought it was a case of bullying and two people -- >> misunderstanding. >> there was a misunderstanding so i wanted to point that out and we have this new social resolution thing and a great way to solve problems at a scale of hundreds of millions of people and it's quite awesome to see that unfold, and the last thing i was going to point out in my version of sizzle reel everything we're trying do is create a culture where people speak up for each other and there's a story that i'm going to show you that i think sort of like epitomizes this how do you use social media and the power of friends to create a culture where people stand up for each other? cue up my sizzle reel. >> the varsity soccer team lost every

facebook says the reason to get rid of the feature is simple. they say that it was created when facebook was a more simple direct one for profiles. now, there is no more need for this specific feature so you're probably asking yourself if everybody gi can look up my name and i have it on private, can they see my photos, as well? >> you can put most on private but your profile pictures will be out there for anyone to see, friend or not. reporting in the newsroom, kron news. >>> the law giving transgender students certain rights. they could play on boys or girls sports teams. the goal is to reduce discrimination but our opponents argue there are nonviolence. they have collected enough signatures for an initiative that would repeal the law. >>> the fda is recalling even more chicken and ham salads after e. coli sickened a number of pictures. trader joes, field fresh chopped chicken salads are included. those salads ber produced between september 23rd and november 6th. we had sunshine, but temperatures were cooler around the bay area. we had reading

i briveng facebo bring facebook because last may when facebook went public on the nasdaq stock market. it priced at $38 it opens late at 11:30 in the morning at the end of the day it closed at 3823. not much movement there. >> thank you very much, lauren. we will see what happens. >> do you think twitter is a good investment? here is what some of you responded. >> it is probably okay for a short term investment, i wouldn't hold it for a long time. >> eric tweeted i don't like it at 26 right now but twitter is a winner. i am a big fan of twirt. >> also on facebook cynthia said, this is not something i will be investing in. >> it is now 15 minutes to the top of the hour. a police officer responding to an emergency on the highway comes face to face with another accident that almost cost him his life. >> the shocking new dining trend, restaurant seating customers at tables based on their looks? we will tell you where that is happening. you will get the best table in the house. >> the window seat, brian. >> after waiting 90 minutes. let me show you what i did today. president clinton is ta

>> no, there are a lot of similarities to facebook, but remember, it's the revenue model. when facebook went out they didn't really have a clear understanding how much earnings they're going to have. now they have the clear path. twitter is still up in the air. they make no money, stuart. excuse me in terms of profitability. i'm not buying it. by the way, with the revenue-- with the pricing models raised a lot will back away and individuals who normally get 10% of the offerings, they'll get some of the shares, if you do and buy it, flip out of it. i think it's going to be too high-priced after the offering. stuart: a couple of other

google and facebook. but you know of the list of folks who are up there now, i don't know alan mulally. the other three guys, i do know. it's an interesting grouping of picks from, you know, tony used to do cisco's equipment business. also has a lot of experience in video. that's how he ended up at skype. then you have nadella who we've had on running servers and tools and cloud, very important business. it's an interesting group. of course we've got steven elop at nokia. a big part of making microsoft in the near term will be making that acquisition of the devices and services businesses work. that's why i think he might be a decent choice. a lot of people disagree with me. >> rocky, do you disagree with john? you have another candidate and to be perfectly frank i've never heard of this guy and i never heard of the company that microsoft bought that he used to run. what is yammer? >> yammer is -- >> who is david yates or baits? >> david sacks. >> or that. >> david sacks. he was the ceo of yammer which wa

facebook and google had great earnings. net sellers in google but they stayed in the facebook position as if to indicate that they think that there's more upside there. >> i wonder if retail is getting in late on names like netflix and tesla, what you make of that. >> yeah. if you read our older reports for the investor movement index, they've been participating in tesla since the start of the year. same with facebook, they've been slow willing adding to positions. they've been in it. >> i wonder if they should have been selling a little bit of it rather than buying more. guys, any thoughts on that in. >> where do you see the interest going? with the momentum dying, do you see going to the material space, like we've been talking about, defensive names? where's the next group that's the most actively traded with your client base? >> in october there was a lot of money going into services sector. so it was facebook, we also saw what i thought was interesting, jcpenney, more of a trade or play. those weren't long-term investor

who is rumored to have taken a meeting now how likely is it do you think that facebook lobs a bid in an attempt to kind of magic rules acquisition of motorola. especially given what's happened today from a strategic perspective i don't think it would be a bad idea at all and it wouldn't surprise me of facebook in fact did that in an effort to compete with you know what google has done like i said i think that there is value there with respect to blackberry but i think management interests need to be aligned and the customer base needs to be excited a little bit more going forward with with new product innovation so it would not surprise me at all from a strategic perspective if facebook put their threw their hat in the ring in an effort to acquire a blackberry kyle thank you so much for your time and insight would definitely have to have you back on the show in the near future and that was kyle harrington founder of harrington capital management thank you very much. coming up we'll look at the invisible hand that helps make the big decisions for american businesses and we're not talk

facebook fans when she posted what is your excuse picture her facebook page has since been reactivated and people on our facebook page are chiming in here. >> susanna's says fat, skinny, black or white and day strike who care stop judging each other how about best be all human and less vehement and accepting life is too short. >> rachel block thing hazel then why is she getting some much deeper something she posted on your page? don't like it stopped trolling is a fact america has a lot of fun helping people. items to anything wrong with what she said. she looks amazing after three kids in this proud of it more power to our! >> pam: happy holidays. dining with a celebrity chef coming up. >> reporter: business travel day of the year. what to expect from weather coming >> pam: today on the eve of thanksgiving president obama is there to turkeys from becoming a meal. popcorn, and term loan. caramel will live out the rest of there days on a farm. . >> reporter: a constant showmen for his fans. look at this. >> human costa mushing. >> reporter: beckham the kitchen where is heating up for th

facebook was copying twitter style in changing status messages. it's usable for young kids who want to talk to their friends. it's usable for someone like myself, someone who's older in being able to look at different news sources to get information. it's also going to provide better data to analyze -- for people to target their potential customers. you're looking at realtime, how they're feeling right now. like the kids in the previous segment said, if there are more ads like there are on facebook, they'll use it less. we don't want more ads. we want better ads. >> you got to find that balance there. >> what about you, bo? how do you separate this popularity of twitter as a company from the decision to either buy it or sell it? >> full disclaimer, i am a twitter user. but in the short term, at the current price, and what's going on with their profit, i'm a little concerned that i would preferably like to see a couple quarters of results. especially look at that r & d which makes up a lot of that loss. kind of get unveiled as analysts dig into it.

i capitalize momentum with facebook. there's not enough for momentum. >> well, what is twitter's true value? victor anthony of topeka capital is the street's biggest bull, says the stock is worth 54 bucks a share, but valuation expert, nyu professor says it's only worth $18. make your case as to why twitter is not overvalued. >> the discussion you guys were having, it's a fact that twitter is growing revenues in the triple digits. so 100% growth rate, the best experience is to value the hypergrowth companies, really adjust the multiples for growth. when you do that, and i've done it, you actually see that twitter's not really overvalued. and so, on an ebitda to sell, the stock is trading in line with other internet media names as well as other technology stocks, so i see more upside in the stock over the next year. >> professor? >> looking at -- looking at twitter, i think everything that was said so far basically reflects a pricing argument. and if you're going to invest in twitter, it's got to be as a trade. there is n

and what i saw with facebook is facebook was pushing a lot of shares -- >> finally had a few, area. >> they were down from the retail levels. >> retail, yeah, they were barveging -- >> you don't want to join a club that will have you as a member, that's true. >> facebook was basking in the -- are at the tail investors were basking in all the shares they got. now the institution res going to hold a lot of these shares. that puts -- that puts twit ner a much better position in items of its stability. keep in mind, the institutions had to come in and support the pipe as it was falling. >> and at $27 or $30 tomorrow, you would not buy it? >> you can buy it today on the open. that's the choice we need to give our viewers. you buy it today or not? >> no, i don't think so you do. i think you've taken your allocation, you take your ipo allocation, if you get them, and you don't buy at the open. >> the choice you're trying to make is whether to buy at the open. >> yeah. and i would refrain from buying after it opened. >> not good or bad, just good. clarify that. >> jeff, thank you very much. >

. >> tougher for facebook. that's because you cut in specifically to your interest, people can see what your timelines look like. >> facebook does that too. >> they don't do it well. >> they do it to the tune of six or seven billion ad revenue. >> they've gotten better. >> who is that? >> facebook. >> they were doing better? >> they were doing poorly. >> the stock is up. >> we said -- we called it. >> all right so when you translate that whether you should buy the stock or not one thing you should look at is where will this come as a multiple. when google went public it was the two times its revenues. facebook was at 20 times its revenues and twitter is 28 times its revenues. this is coming at a much higher multiple than the other two. you can factor that into your decision as to whether to buy or not. i want to give you one last word of caution, willie. they don't always go up. here's what happened to five recent ipo, companies you all know. six months after the ipo gogle had doubled. linkedin was up 60%. face

and that is the vant age point that facebook comes at it with. so i wanted to share -- >> [inaudible] >> no. there's a slide before this. okay. this is one slide. it says "we have 950 million people on the flat form. that's a lot of people. >> >> and for the most part people are good. sometimes people are not good. we have ways people r people can report content to us that is inappropriate, but we have since invested a lot of time and energy on things like social resolutions. how do you create a culture where people can report problems to each other? which i will talk about in a second, so cue up the next slide. >> dave, can i interrupt for a second? one of the things that i noticed they think is really important for people in the school space and probably law enforcement to remember is that social media platforms whatever it is and you name it -- what? a million apps for the mobile platform alone. those are not the context of bullying. school life, school, peer life, peer relations. that's the concept of bullying whether it's bullying or cyber b

this is the highly anticipated ipo since facebook last year. the san francisco-based company did take a lesson from facebook's failure last year which was marred by technical glitches. instead, twitter took its business to the new york stock exchange valued higher than its social media rival. they may be worth more but experts say twitter will still have the same challenges ahead. >> every move is going to be analyzed and scrutinized by everybody out there. that's going to determine their valuation on a daily basis. it could take a while for them to adjust to that. in a lot of cases it takes the company about a year to make that transition successfully. >> reporter: now, there's one san francisco neighborhood not happy about twitter going public. residents in the tenderloin are protesting outside headquarters. their purpose, call attention to corporate tax breaks and the role that tech companies play in the eviction crisis. now, back out live, you can see those protestors still there chanting outside of twitter headquarters. as far as profit an

he was put on administrative leave. >> did the kid hack into his facebook page? >> this gentleman here is a friend of mine. he's been a friend of mine for ten years. he's been helping me renovate my house all summer. that's why he was at my house sunday night. this gentleman on the other side of the table is my friend's son. >> that is how the young boy got access to the teacher's facebook page. he happened to leave his facebook page open. >> does that mean the teacher will get his job back now? >> we reached out to akron public schools and we got a statement back from the chief communication officer. he said our only concern today is the due process hearing spondike is afforded. that is where he would be wise to concentrate his efforts at presenting himself case. he said he needs to present his case to them rather than just using youtube. >> i know him to be a kind-hearted young man. >> it's possible he didn't realize the magnitude, how big a deal that was. >> a white box truck pulls up and load up 111 flat screen television on to that truck and off it goes. pro

perhaps this facebook post congralating the host is an indication. >> the piece of advice that may be making it harder for younger workers to find success. >> andhere's a live view of the north bay ts morning. sanafael loong chilly ts morning. we'l lookt your weekend forest when we come right back. >>> u're watching "tday in thbay. >> good morning to u. looking live at san jose. any time you drive by a park th time of year, seems like kids are playing soccer the parents are ou there braving it just to super fans. rob, what can they expect? >> the weather shoulde pretty ce for that. all these outdoor events ts challenged from time to time. this morning it looks great and hello from our brand new interactive weather wall, showing you contions all around the bay area this morng. keep in mind at any time if you want to see your seven-day forecast throughout the bay area, every region is covered right there toward the bottom of your screen. check out you own local the north bay, 36 chilly degree, san francisco a bit more mild, main clear, patchesf low clouds near t coast, low 70s as we get

facebook on the nasdaq. twitter, four people. facebook, the entire company. there were helicopters flying overhead at facebook. to be fair, facebook could not have known at the time that the day was going to work out the way it did. computer glitches, the stock largely unmoved. twitter making a statement with its very small little ceremony there. the ceo was on the floor of the new york stock exchange this morning. he is now flying back to twitter and san francisco before the closing bell. he hopes to get there for a celebration. as for vivian, guys, she's not headed back to school. her parents say they're taking the whole year off, and they're world schooling her. today's lesson is in business. you open the new york stock exchange. >> very good stuff. yes. vivian, parents have to be proud of her. >> she is a superstar. all right, scott. thank you very much. we'll have more on the big ipo tonight coming up at 5:00 and 6:00. you can also, of course, always get more information on our website. that is nbc bay area.com. simply search twitter ipo. >>> in the sout

facebook did confirm that the bullying hub is currently directed at facebook users specifically but the company adds that it does offer other bullying resources for instagram and that as always, neil, it is looking to improve bullying prevention resources even further. >> diane, you were on the air at 6:00 a.m. this morning. >> 5:00 a.m. i love it here. i can't get enough. what can i say? >> great job. thank you diane. diane macedo. all this talk about bullies. should parents take so. blame. a new york city student thinks. so she is reportedly set to sue her bullies and parents claiming years of torment. can mom and dad be punished for child's actions? attorney randy and michelle says yes, she is. you think that's a ground? >> absolutely. >> really? >> yes. first of all just like judge whopner says when you have a problem take them to court. >> you are quoting judge whopner. >> absolutely. great judge, great show. take them to court and settle your matters out in court. you don't want the parents going head-to-head out on the street. second of all if you create the lawsuit that in a way

i heard that younger people use facebook, older people use twitter. >> my mom is on twitter and facebook and the last data i have seen says that you have gotten is 60% jump in boomers who engage in social media with 20% last year and 32% now. so folks are -- everybody is involved, pretty much in social media these days. >> i'm glad you make it point. one of the concerns people had about digital media is that while it may get people engaged, it doesn't get them out of their house. many old school folk say digital communication is great. but people don't connect any more. does the community become fragmented because of this stuff? >> if anything i think it makes us more collaborative. to all centralize in an area where we may not connect face-to-face but we can all chime in or discuss issues that are relevant or discuss, you know, trending topics that are relevant. i think that makes for a more collaborative dynamic space. but i don't think it is more efish ept or better. >> it is social media. we are engaging, especially with the changes with face book and google plus where you have the g

we saw what happened with facebook. i will say this. this is a big ipo. they're saying this is the biggest ipo of the year. so clearly a lot of folks waiting to see how this is going to work out. carol? >> all right. we'll get back to you, laurie segall because the markets open at 9:30 eastern time. thanks so much. >>> concerns grow in washington over the obama care website fallout, but they aren't all about healthcare.gov. they're about the impact on some lawmakers' political futures. we'll have a live report out of washington for you next. great. this is the last thing i need.) seriously? let's take this puppy over to midas and get you some of the good 'ol midas touch. hey you know what? i'll drive! i really didn't think this through. brakes, tires, oil, everything. (whistling) [ dog ] we found it together.upbeat ] on a walk, walk, walk. love to walk. yeah, we found that wonderful thing. and you smiled. and threw it. and i decided i would never, ever leave it anywhere. because that wonderful, bouncy, roll-around thing... had made you play. and that... h

facebook -- recovering. facebook is now trading at 48.36. the social media, the professional media site linked in opened at $45 in may of 2011. its price has rocketed. today is opened at $220 a share. right now linked in is trading at $215. >>> more coverage from an apparent child abduction in sunnyvale. the mother of a 2-week-old is still waiting for the child to come home after his father and the child were found in mexico. patricia romero was told her baby, henry, was found safe. he was allegedly abducted by his father, 22-year-old, mesut guler. patricia romero said, speaking through an interpreter, the waiting has been very hard. >> translator: i was really afraid that i wouldn't be able to find him again or see him again. i was scared. >> now, guler crossed into mexico through arizona despite an amber alert. he was captured at a second checkpoint. but mexican authorities found out he was wanted. a border patrol agent told ktvu they should have known of the alert even though it came from california. mexican authorities are expected to tu

when facebook put 420,000,00316 the offering of what facebook had. our >>darya: also an interesting to note to, they are basically say and look we have no content. we reward the to the people who are consuming its print so will be interesting to watch with your. they have a lot of hyper growth ahead of them. they're going to go from now making money to making money. you're also getting zinc up and grew upon. of a two. 05 companies it didn't some diversification. all of them have the same characteristics. that ought to pay anyone for their contents. keep in mind i think that's a fabulous business model. they don't have a lot of labor. their engineers at this point in time. >>mark:. thank you routes. coming up in the first half- hour trading numbers. >>james: the housing number is still leading up and did the report shows that 88 percent of single-family home sales have been on the rise for the past year. this is making the priciest housing markets even more expensive of course and according to a annual report by coldwell banker, the most expensive mar

what we know posted on twitter and facebook. deanza college police department, letting sthoonts know just yesterday as students came forward she was sexually assaulted on monday, november 4. this happened between 1:00 and 2:00 in the afternoon. the woman says she was attacked in a stall. police say the woman knows her alleged attacker but at this point they are not releasing a suspect description nor are they commenting on the woman's condition. the school sent out an e-mail to students letting them know. that tweeted out by a student who is clearly upset. saying this is the only bathroom she uses here. another person tweeting out urging ladies to be safe here at the college campus. wim waiting to here back from the sheriff's department or the foothill-de anza community police department, both agencies are investigating this alleged assault. as soon as i hear back i'm happy to bring you that information. >> thank you. >> thanks. >> it's 5:34. sunnyvale man accused of kidnapping his son and driving to mexico is expected in court

that gives it a price to sales ratio that is closer to facebook. and we have still got to see the management team perform and we have got to see if the advertising initiatives stick. so we're going to sit back and watch. >> so let's be clear. even if you got an allocation of twitter you would say no because even at 27 in your view, that's too richly priced. only at 20 would it be fairly valued? >> i think under 20 it would get interesting. fl is a number of scenarios where the stock could do extremely well. but analysts are pricing in extremely strong growth. if you look at monthly active user growth it's been slowing. 6% sequential growth. that was troubling. if you look at of the monthly average users, you saw time line go down. maybe this is not anything to worry about but if you are about to pay 30 times for this, i would be a little concerned that these trends are going in the wrong direction. >> thanks for your time. appreciate it. whole foods dropping on disappointing earnings. hey, jane. >> i have been listening to the conference call and t

i think back to what facebook talked about on the facebook conference call, when she said in 2013 for first time people will spend more time with digital media than watching tv. specifically 5.52 hours or 315 minutes a day. on desktops one in eight of the minute sons facebook. mobile devices one in five minutes. now wait a second. what else is there time for? the average person sleeps eight hours, twice more than i do. and basically a third of the day. then that's another third which is supposed to be spent working. and the last is meant to be play. do you mean to tell me we're on facebook for more than half of the leisure time and watching television for the rest? i think the secret to the success of facebook as well as twitter which should price momentarily or even the yahoo! or the aol as we heard from yesterday's successful conference call for the no longer company is people are doing far less work at work. and far more fooling around on the internet. the internet turned out to be the ultimate in trojan horses. unlike televisions in which ceos watch cnbc all day, the internet is s

today facebook closed at $49. linkedin opened at $45 in may of 2011 and it's done well closing today at $220. another san francisco-based internet company is reportedly considering its own ipo as well. it's square which uses credit card readers that plug into mobile devices for electronic payment. the wall street journal says its ipo could come next year. square is another venture that was co-founded by jack dorsey who happens to be the chairman of twitter. >>> $4 million, that's what administrators at san jose state university say they need to meet budget. the school held an emergency meeting today. faculty members say the budget troubles took them by surprise. university officials instructed department heads to drop classes and increase class sizes. some department chairs say they will have to lay off professors including some veteran teachers to make the budget cuts. >>> a public hearing tomorrow will focus on workplace safety issues at bart nearly three weeks after chris sheppard and lawrence daniels were kill

i bought facebook. i bought it yesterday, bought a little more this morn, because i didn't want to own twitter. i think that's vulnerable. but if you're in that space, i don't do the valuations, facebook is a trade, you have to own twitter at some point. so my bet is that facebook goes through 50 again. that's when i'll sell it. but to me, it's the most mature company in a high-growth cycle, that's why i'd own it. >> pete? >> facebook is mature, but i don't agree with you. i sold the facebook a while ago, week and a half ago, around $50 a share. >> so did i, i bought it back. >> i don't like it at 48. there's plenty of room to gh below. when you look at the valuations, some of the numbers people are talking about, maybe it's at least set for a pause, if nothing else, scott. this is an 80% move in a very short period of time. i look for a pause, maybe more of a pullback. >> a lot of the social stocks, doc, have had the huge moves. >> you bet. >> you wonder if the crack starts, it grows larger. >> that's

we also love hearing from you so please check out our facebook page at facebook dot com slash boom bust our to and from all of us here boom bust thank you for watching c.m. are all about. wealthy british soil. from time to. market why not. come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to the reports. were not psyched to an active camp at guantanamo where patients are forced that in the months after announcing our strike never turned the world's attention to the place that summed up the gulag apartheid's. mission. critique should treat in store charges free. range month free. three stooges free. download free blog plug in videos for your media projects for free medio gondar to tom. coming up on our t.v. in the nation's capital efforts are being made to make changes to expanding u.s. surveillance and protect your online privacy the new oversight board met today to discuss possible changes to the patriot act as well as to fired up dozens more to actually have the power to change n.s.a

you know, i think it's very clear that are facebook -- facebook? twitter has great respect, i think, in the technology world. they've done a very good job of distinguishing themselves in the mobile market. sure, they have a lot of internet business but that's in a long run going to be a growth business for them and i think it's a very well-respected company and that's why you see so much demand coming into the marketplace. sooner or later markets reflect a companies' standing within their industry. and i think facebook is going to do just fine. sorry, i keep saying facebook. twitter. twiter will do just fine. >> sreenivasan: since you are mentioning facebook, it seems they went out of their way to avoid the pitfalls fake book had on its i.p.o. what did they learn? >> well, every company and particularly twitter wanted to price their issue fairly so that the buyers felt that they were dealt with fairly and that there would be a good aftermarket for the shares. i would be very surprised if they expected as big a runup as they got because, you know, i

would. >> honey, i'm going to put this on facebook. okay. >> you don't know that for sure. you're a terrible witness. >> i don't know. >>> meanwhile the story of tweets that could make you sick. not these ladies. [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. turning dreamers into business owners. so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally.

that is fatuous logic as we saw today with facebook and starbucks. i like to say there's always a bull market somewhere. i promise to find it for you right here on "mad money." i'm jim cramer. i will see you tomorrow. >> narrator: in this episode of "american greed: the fugitives," promises like this, luring thousands of unsuspecting victims. >> they were very nice. "this is a wonderful experience for you. i'm sure you're gonna be very happy. now, what we need to do to process your prize is the following." >> narrator: but instead of paying a jackpot, roland okuomose is accused of ripping people off. >> not one victim has received any lottery or sweepstakes winnings. >> narrator: now this alleged criminal mastermind is on the

>> let's look at facebook, facebook is at 48.90 a share, down 1 1/2% right now. now, we know that was a debacle, it was a $38 ipo, and it sold down to 20 and look, what a great year it's had and to trade as high as 54 and change. but i'm not sure that we can make a fair comparison. i mean, we've seen facebook on the rise and seen mobile revenue on the rise and it's plateaued, versus the lack of profitability for twitter. what do you think, stuart? i don't know, what are your thoughts? >> well, just that the run-up to the twitter ipo reminds me a lot of the run-up to the facebook ipo i should say. by the way, let's not forget they announced just a few minutes ago that the offering price is going to be raised. the new range is 23 to $25 per share. now, does that make it less attractive, more attractive? are they taking more money off the table? i don't know, but they just raised the price, that implies confidence that they could sell the shares they want to sell. that's a confident move. >> the pricing is so key. we saw facebook pricing and obviously everybody thou

they are just like facebook in the sense that facebook became public before they had figured out the monetization model. same thing is going to happen here. what's going to happen is they're going to turn on the advertising machine. they're going to have skyrocketing. the profits will still be done because they will spend the money. >> this is from the cautious guy at the table. >> long term. i'm going to end up flatter down tomorrow. long term it's a great business model. >> hopefully if we get it before the show ends we will get your reaction. over to you. >> thanks so much. so some news from sec capital. obviously a couple of days after agreeing to settle with the government charges that they allegedly engaged in insider trading. a new entity with a new name yet to be determined. and one of the more active and successful hedge funds on the market would become a holding company including more reinsurance arm which is in the process of being sold. finally steve cohen, the signal is that they are going to fight the case. they are sending signals that they are unlikely to settle in th

. >> join the conservation on our facebook page. viewers are telling us about their experiences trying to sign up for a health care plan and the cost. just look for ktvu channel 2 on facebook. >>> lawmakers are asking if lessons learned from the bay bridge project can help the state save money on upcoming megaprojects including high speed rail. the senate transportation committee hearing is looking at the long history of overruns and delays. they hope that an honest look at planning and budgeting with give californians a better idea of the true cost of high-speed rail. >> should we imagine that californians rather than paying $68 billion might spend $350 billion for that project. >> this is the first of three hearings to better plan future transportation projects. >>> three tesla employees are at the hospital after getting burned at the plant. tesla's ceo is expected to visit the injured employees tonight. >> reporter: one of the patients has been released from the hospital. the other two are being treated for burns. freemont firefi

in order to have the app you have to be registered as a woman on facebook if you're a man and you try and they're going to say sorry do they have some like it up like we like do. they have but if you recommend the app to twenty five friends then you'll at least be able to see your ranking you won't be able to access a lot of the internal parts of the app but you will be able to see oh look i'm a seven point seven really thought of all you have to do is continue to grow the app on the i have. now do you think the anonymity of these reviews like is it is that fair or is there a little bit of cowardice. i mean i don't think it's unique to lulu i think that that's something that the internet more generally is having to deal with all the time it's something we see a lot on for instance you tube comments and stuff like that people feel more free and empowered to say things when they're anonymous but we're seeing with things like the internet that it's you can't really be anonymous anywhere even you tube now is connected with your mail and all of your google accounts and i think that people

teen exodus now the site's active daily teen users drop considerably however the good news is that facebook is had is looking at some stellar third quarter earnings performances now an impressive overall engagement engagement rate is what came out of those third quarter earnings and brazilian entrepreneur got it right that time now that who wants proclaim that he was on his way quote on his way to becoming the richest man in the world i thought it was carlos slim thing that has now filed for bankruptcy guess he won't be carlos slim after all now the finally marks the largest corporate default in latin american history after running out of cash and losing ninety eight percent of its value but oil firm giant filed for bankruptcy protection on wednesday now so was in the process of negotiating with creditors after defaulting on a forty five million dollars bond payment in early october. creditors which included major players like black rock black rock pimco and the ontario teachers fun now batiste shipping company s x is said to be on the ropes as well not a good day for battista and meanwhile

we also love hearing from you so please check out our facebook page at facebook dot com slash boom bust our take and from all of us here boom bust thank you for watching c m r l. we're now outside to an active campaign had launched on a military where patients are forced that in the aftermath of the first strike never turned the world's attention to the police and then some job gulag of hearts minds. were. the fact that. they were going to go to jail the price is the only industry specifically mentioned in the constitution and chicago that's because a free and open process is critical to our democracy albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked why a handful of trans national corporations will profit by destroying what our founding fathers once built up my job market and on this show we reveal the big picture of what's actually going on in the world if we go beyond identifying the problem trucks and rational debate and a real discussion of critical issues facing us to find her j

this felt a lot different than the ipo by facebook over a year ago. but, you know, i think that they priced it right to let the market decide. and the market just decided, you know, twitter has become a part of our lives. it is not sort of a flash in the pan. it is not something that doesn't work for both regular people and brands, you know, and companies and advertisers. it is something that if it didn't exist, something else would quickly move in to take its place and do the exact same thing. you know, i understand it's not a profitable company. i total saysly get that. but obviously, this is based on potential. it doesn't feel insane. it feels right. and how many other big tech companies -- have there been this year? that is not a sign of a bubble when you have, like, one major one in the last, you no he, six months. >> you know, lance, listen. it may turn out to be the greatest company of all time. but when you buy a stock, you can buy it for cash, for earnings, for growth or for dreams. and let's be clear. this is buying it for a dream of what tw

i would prefer facebook. you'll probably hear some analysts come out and say we have a strong buy $60 price target on it and that can cause those limited amount of shares to squeeze a little higher. this is not for moms or for your grocery money. this is very speculative and nature. >>mark: with also seen tesla shares to get a big kick yesterday and again today. as the report and another car file. >>: three car fires is not a bad thing. i like my car to explode. it tells me that they are cars. it's the technology and it's a good technology. tussles gone from $190 a share. down to 140. as investors becomes more attractive because people are selling for series--silly reasons not demand reasons. >>mark: and watching the economy. >>: 2.8%. they are good. they are recessionary but they're all tied towards inventories. we've built an enormous amount of inventory on the build of the inventory is going to become a huge problem. consumer spending was weak and corporate investment and to the equipment was a week. they

. >>> it was the most hotly anticipated tech ipo since facebook. shares of twitter soared on today the first day of trading. allen martin is here with how the stock market debuts of these two social media sites compare. >> reporter: the chief operating officer of the new york stock exchange called it a giant poker game as traders kind of set the opening price for twitter. but once trading was under way, the banker who led the ipo sent a one-word tweet. whew! here's part of the reason y the major indices lost big. the dow down 153. s&p lost 23. the nasdaq 74.5. with all of that negative, pretty easy to see why twitter was a shining star. [ bell ] >> reporter: yes, the investing world is all atwitter about twitter but should you? financial planner bob goldman doesn't think so. >> i think you should look at this kind of investing as investor-tainment. >> reporter: whether it's twitter, gold bars or comic books, he says they are all interesting to watch but don't sink a significant portion of your assets in it. >> any new company is a risk. any new tec

facebook is down, linkedin is down. twitter, folks, is most definitely not down, up on its first day. that does it for us. have a great week. "power" starts now. >>> happening now on "power lunch," a heck of a lot. twitter is now a public company. the opening at. nyse as smooth as mark zuckerbe zuckerberg's chin. the stock has soared. right now there you see it, $45.85. up nearly 20%. the gdp in the u.s. also soaring. on any other day, that would be our lead and biggest story. last quarter, it grew at an annualized rate of 2.8%. much stronger than just about anyone thought. we're going to dig into that number. >>> there is also evidence of a great rotation. the nasdaq falling today. the russell falling. some say that's where rebalancing would begin. older blue chip, old-school names like dupont, ibm, ge may be the beneficiaries. and europe making a big move today. cutting rates. but was it too late? and speaking of big moves, the fda officially proposes banning artificial transfats in foods like frozen pizza, cookies, c

snap jet rehe can projects facebook's -- rejects facebook's $3 billion buyout. we want to hear from you. tweet us your response to that one. ashley: take the money and run. as we do every day at this time, take a look how oil is trading. crude trading at five-month low after the eia report that is oil supplies increased by 2.64 million barrels last week. that is well above the estimates of one billion barrel build. as you can see just bun changed at end of the day. for metals, gold started going up when janet yellen and her dovish performance you could say, put more mon into gold today and as is the case with the other metals. we'll be right back. my mantra? family first. but with less energy, moodiness, and a low sex drive, i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron. the only underarm low t treatment that can restore t levels to rmal in about 2 weeks in most men. axiron is not for use in women or anyone younger than8 or men with prostate or breast caer. and children should avoido are contact where axiron is app

gosh facebook's bumpy rollout. -- facebook's bumpy rollout. let's start with the news of the week and twitter's ipo. do you think the companies in a position to avoid the facebook fiasco? >> i think they learned a lot from the facebook fiasco. everyone expected it to be worth double. people were saying it was worth $50 billion and they went out at $100 billion. with twitter, it was the exact -- the exact opposite. people are saying it is worth $20 billion and they are out at $11 billion. is a tremendous amount of interest in the stock. they have pushed it up a few dollars here and there, but not in a great way. >> i have to say, what is really fascinating about your book are the personalities. it is an extraordinary story of these four people who came together initially as friends to create a company. and what happened to them? >> it was for guys who all came from very distinct backgrounds. they were from lower income families, had grown up in small farms and little cities across america. they came to san francisco and to silicon valley in sea