in the latember 1990's, the fights and negotiations that aol and microsoft had over where aol you turned be when on your computer that was controlled by microsoft and aol which at that point was a very big player and a very powerful that point, aol and microsoft were really going at it. aol had to cave because microsoft controlled the desktop. microsoft had a monopoly and it controlled what people could and could not see. we are sort of seeing a little bit of that right now which is that apple and google both therol the desktop or screens that we see when we turn on our phones and tablets. there's a pretty good fight over who is going to be where only those springs when they are first turned on. one of the things that i write about in the book a little bit facebook experienced this firsthand in about 2010. it was negotiating with apple over a way to more deeply integrate facebook into the could, for example, you take your phone contacts and compared them with your facebook friends automatically. well, that deal went to twitter as many people remember. and lots of people at the time were

i remember the fights in the late 1990's, the fights that aol and microsoft had over where aol's icon would be when you turned on your computer that was controlled by microsoft. and aol was a big and powerful player at that moment. aol had to save because microsoft controlled the desktop and controlled what people could and couldn't see when they turned on their computers. i think we are seeing that right now. which is apple and google both control the desktop or the screens that we see when we turn on our phones and tablet and there is a pretty good fight going on to over -- who is going to be where on the screens when they are turned on. one of things i write about in the book a little bit is that facebook experienced this firsthand in about 2010. in about 2010, it was negotiating with apple on a day to integrate facebook into i-phone so you could take phone contacts and compare them with your facebook friends automatically for example. that deal went to twitter as many people will remember. and a lot of people at the time back in 2010 were going what is up with that? because it see

and aol, which at that point was a very big player and a very powerful player, at that point aol and microsoft were really going at it. but ultimately, aol had to cave because microsoft controlled the desktop. i mean, microsoft ultimately had a 40 knoply there, and it -- monopoly there, and it completely controlled what people could and couldn't see when they turned on their computers. i think we're sort of seeing a little bit of that right now which is that apple and google both control the desktop or the screens that we see when we turn on our phones and tablets, and going -- over who's going to be where on those screens when they're first turned on. one of the things that i write about in the book a little bit is that facebook experienced this firsthand in about 2010. in about 2010 it was negotiating with apple for, over a way to kind of more deeply integrate facebook into the iphone so that, for example, you could take your phone contacts and compare them with your facebook friends automatically, for example. well, that teal went to twitter -- that deal went to twitter, as many p

aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york time. we start with. coverage of alibaba, which could be the largest u.s. ipo ever. here in new york is leslie pickard. in san francisco, cory johnson. he has been digging deep into the filing. also, gordon chang. before we get started, i want to take a closer look at alibaba's is this by the numbers. -- business by the numbers. leslie pickard is here with the details on my po. you have gone through the whole filing. what is different about this? >> is a massive company. they talk about their ecosystem, maintaining their culture. carehave taken a lot of and time to put this perspective together. they are trying to exemplify what this company is for american investors who do not use ali baba. they hav

then there's aol, the online media and entertainment company reporting a bigger drop in profits than wall street had been expecting. aol is in the middle of a turnaround effort and has been shutting down underperforming units and investing in its advertising business. the shares lost around a quarter of their value as well today. of course, when stocks drop that much in value in such a short period of time, some investors use it as a buying opportunity. >> a lot of these companies importantly are reinvesting aggressively in businesses which is holding back earnings and cash flow, and i think in a lot of cases making them look even more expensive than they are. a couple that are kind of cases in point there are amazon and linkedin. >> reporter: the bigger concern whether or not this kind of sell willing carry into other parts of the market. >> there's no need for the retail investor at home, who's invested in nonhigh-beta momentum type of names to have significant concern. >> some investors are taking comfort that while there are sell-offs in certain stocks, i would's not happening ac

aol sent a security warning out to its users yesterday. remember aol the company that used to send the shiny minifrisbees in the mail to everyone. i've been getting dozens of e-mails from like 20-year-old e-mail addresses of my friends. it really has been a stroll down memory lane. and it came courtesy of hackers. aol believes that a major security breach may have compromised the passwords, addresses and contacts of a significant number of their users which, well, that's the bad news. the good news if you are still sending e-mail through aol your identity probably isn't worth being stolen. starbucks, starbucks is doing very well right now. starbucks of course is the wildly popular chain of bathrooms for homeless people. they announced that -- in the last fiscal quarter, their profits rose 6% and brought in $3.9 billion in revenue. because they're doing so well, the ceo of starbucks just announced plans to open 600 new stores in the united states. is there room for 600 more? starbucks in the united states? there are two on every corner alre

let's not forget aol, down 20%. that's tough. david: getting killed. liz: bells ringing on wall street. some of us have whiplash seeing up and downs. dow jones industrials having a very nice day considering earlier today it started to fall about 44 points. right now the gain up 117. s&p's gain up 10. earlier it was down eight. the nasdaq though just couldn't make a go of it, but barely. david: down about 1 1/2% at one point. liz: it had been down 59 points earlier. watch out for the russ tell 2,000. it is almost flat there. got to watch out. this one has not participated in last couple of a weeks of a rally. but the moment, "after the bell" starts right now.

steve case, the founder of aol, would like to help the cause. month. four cities next had to get detroit, cincinnati, pittsburgh, nashville. he is the current chairman of revolution. great to see you again. tell me why these four cities? quest great companies all over the world, the pride of the world, the envy of the world. heartland of america is hot as well. we decided to do a road trip to the heartland of america to shine a spotlight on the out doors of the cities and some of the startups in the cities to interest,re investor reaching out to some of these regions that are really showing great signs of momentum. it would be a stronger jason -- nation if we had our ecosystems read more broadly. each city is more -- a little different. in detroit, we're meeting with the governor and mayor and visiting companies and having a pitch competition, a fireside chat, a party and happy hour to celebrate entrepreneurs. it will be a full day in each city trying to shine a spotlight on the best things that happen in those regions. we're looking for investment. we

companies like aol building the internet. facebook, twitter, it's going to be taking the internet and integrating everything in their lives. things like education and health care, transportation and energy. this is a very powerful and it's getting a lot of attention. and it will be harder than this third wave was in the second wave. but i'm very encouraged. the thing i think that's all around the country, some of the great third wave companies will be in places like detroit and pittsburgh and cincinnati me trinh and that's very encouraging. neil: thank you so much. okay, this weekend, we have another godzilla. there was like, the umpteenth spiderman out as well. and the man who really made him stand out. and now everyone is doing it over and over again. his off on that after this and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. beca

most of the stocks are on the nyse, including caterpillar, southwest airlines, western union and aol. the move didn't trigger any volatility halts but were put in place following the may 2010 cra crash. the nyse later canceled all trades in aol made during a two-minute period. >>> the april ppi out at 8:30 a.m. eastern, producer prices are forecast to rise 0.2%. macy's reports results before the opening bell. we'll get numbers from deere, sodastream, kate spade, remax, cisco and agilent. >>> michael, good morning to you. nice to see you. here we are. dow, s&p up record highs. the russell 2000 down nearly 10%. a lot of people buying downside protection, i understand. why the divergence and what's that telling us? what's it telling you? >> i think the story of the markets over the last several weeks, you know, we had a nice rally off of february lows. then you had this massive divergence set forth. so the question is, do the high beta momentum stocks and small caps, do they bring the blue chips lower? or do the blue chips keep rallying and ultimately bring up the high beta, high momentu

aol is lead tack charge. >> one big competitor is yahoo. given the steak it has in ali baba, how closely are you watching that? >> i mean, marissa will be our tech krunp. in new york city, we have a couple thousand people coming. so i think the world that we live in and that yahoo lives in, goggle lives in, amazon lives in, it is becoming more and more important. ily the ali baba ppo puts a spotlight, a lot of things as easy as ecommerce is to do online, a lot of our other industries will get converted to an ecommerce type policity model. i think clearly, we are one of the leaders in the because it shows the potential of how big these marks are. >> by the way, tim, brian sullivan, that intervow will be 2:30 eastern time. will you hear from michaelerington an melissa myers. how has that deal worked out for you? do they ultimately pay off? >> i think we have been very fortunate to really get a tremendous game changing talent with our acquisitions. as you notice, most of the talent has stayed with us. ent entrepreneurs we bought into this comp

aol was an atrocious performance today. you can't tell me that spillout to yahoo want there. >> i could push back and say, and you pointed it out months ago, we knew the twitter lockup was coming up. yet many of us thought that wasn't going to have any impact on the stock. clearly it did. sometimes you do know things. >> right. >> it's very confusing right now. >> well put. tesla being the expectations but shares are getting hit hard in the after-hour session. the call kicking off just now. we got the headlines fresh from that call when we come back. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. new at&t mobile share value plans. our best value plans ever for business. i got more advice than i knew what to do with. w

watch auto net flicks, yahoo, aol and x-box will debut original online program in the year. they have signed on james franco, katie holmes and james buschemi. coming up, donald sterling may go to court to fight for ownership of his nba team. but can the court of public opinion and his owners legally force him out? the business of behavior next. ♪ . >>> no matter how reviemed donald sterling is, he is a wealthy man. he bought the team in 1981 for $12 million. it is now valued north of $575 million by some estimates for some expecting the team to sell more than that. wealthy celebrities are voicing their interest in buying the team, boxers, floyd mayweather, oscar de la hoya. when donal sterling bought the team. he signed on that this the constitution and bylaws of the national basketball association. this was kept secret, until this week when the leak released it. now, give the nba commissioner brought powers to protect the business interests of the fba. it complies owners to comply with the rules of the leak. does donald sterling have a legal case for forcing him to sell h

aol shares stumble as it misses estimates and spends more on advertising. and groupon sells off as investors hear of heavy losses. electronic arts was a bright spot in the bunch, soaring 21% on better than expected earnings. the transportation secretary is making a call about-- gm's 2.6 million recalled cars. the decision is.... it is not necessary at this time for gm to order owners to stop driving. an attorney has been pushing for the automaker to demand drivers put the cars in park because of fautly ignition switches that can suddenly cause the car to shut down. gm dealers are said to be replacing the switches free of charge. in today's cover story, a rising investment trend--restoring and renting historic or architectural gems. homes that may have seen better days are being fixed up to share with the public looking for a luxury getaway. in chicago's northernmost neighborhood, rogers park, the home architect frank lloyd wright designed for emil and anna bach in 1915, opened in may for public tours after a two-year restoration that's still going on. and t

aol dropped 22% after its earnings fell far short of expectations. the dow is currently up 94. >>> san francisco prodeuce company is recalling organic mangos sold in the past month. pacific organic produce recalled cases of organic mangos shipped to five states including california. fruits may possibly be contaminated with listeria. the mangos were sold under the purity organic brand between april 14th and may 2nd. listeria is a food-borne illness that can be deadly. symptoms include fever and muscle aches. >>> san francisco zoo is showing off its newest resident. we got a look at him just a little while ago. a 10-month-old red panda. they are an endangered species, native to the eastern himalayas and southwestern china. there's less than 10,000 left in the wild. the san francisco zoo board member and philanthropist barry lithin and his wife marie won the naming rights with the $31,000 pledge to the zoo. >> we have chosen the name tenst en. -- denzen. >> he was named after the famed sherpa who scaled mount everest in 1953. red pandas grow to the size

there was in june 2005 a poll done by aol and time warner. aol online which surveyed americans, and they didn't give them a choice. they asked them to put in whichever name they wanted, who is the greatest american of all time. not just the greatest president, who's the greatest american of all time? 2.4 million people responded which any statistician will tell you is far and away a representative sample. i mean, you only need maybe 500 people to do some of this polling. and reagan won. greatest american of all time. so what republican wouldn't want to be like reagan, right? who wouldn't aspire to that success? you now have republican groups all over the country, county, state groups, they've been holding these annual lincoln day dinners for years. they've been changing the names of many of those. lincoln's birthday is in february, and it's also the month of ronald reagan's birthday, and now many of these republican groups they have, in a sense, reagan replacing lincoln of all things. all right. so i get asked all the time by media people and

several former aol users reported this week that hackers are using their closed accounts to send out spam. while current, this is different, current aol users reported that there are some kids on their lawn and they do not like the looks of them. [ laughter ] there's four of them and they look like trouble. i don't care that this is the fire department. [ light laughter ] this is amazing. scientists made a huge breakthrough on monday when they cured liver disease in a moose -- in a moose by altering part of its genetic code. but sadly, not long after the procedure, the moose went right back to drinking again. [ laughter ] i'm assuming molson. not that i know moose. [ applause ] i'm assuming. colorado police are offering a $3,500 reward to anyone who has information concerning eight poison meatballs that were found in a public park in boulder. authorities say that if you ate a meatball you found at that park, you should seek help immediately. [ laughter ] and if you ate a meatball you found at any other park -- [ light laughter ] -- you should also seek some kind of help. if you eat a

. >> talking about acquisitions, would it make sense to buy aol? >> i think it would. it's obviously gotten cheaper today, the stock is pulling back quite a be. it's in the wheelhouse, there's a lot of overlap. she talks about wanting to get stronger in video. if you combine the views that aol has with about the 600,000 views that yahoo has, it would catapult them into second place. the did i palace and search business has a lot of overlap. it will also give them revenue. they knee to grow the top line. >> i tell you what, josh, license, the ali baba is -- and marissa mayer is getting all the credit. what about poor old jerry yang, the forced-out founder and ceo? isn't he the one that made the decision to buy into ali baba in the first place? >> yeah, i think, brian, investors don't care who made the decision. they're just happy someone did. you're right, a often a lot of investors have been plays yahoo as this proxy for alibaba. the window that provides you to this just incredible growth story. you look at this company. 62% growth on the top line. at the end of 2013,

in addition to target, aol's tech chief resigned after a breach, as did the ceo of sony and three korean financial firms. >> these companies were experiencing problems at the time so their resignations can't only be attributed to data thefts but no doubt it had something to do with it. experts say no company is immune to hacker attacks which is why spending on cyber security continues to rise growing at nearly 15% annually, out-pacing the growth overall at key budgets at just 2%, what is more the attacks are not always found out. trust wave says that 71% of firms are not even detecting the breach on their own. and when they do the average time it takes to notice it, nearly three months, josh lipton, "nightly business report." >>> and still ahead, new hope for detroit. the bankrupt city just got a $100 million lifeline from one of wall street's biggest banks, is this the start of the motor city's comeback? that is next. >>> the obama administration is changing some provisions in the affordable care act that critics say is nothing more than a bailout for health insurance companies. these n

while it offers movie times and ticket purchases, "new york times" will add movie listings and aol which owns moviefone is launching a contest to find the next mr. or mrs. moviefone. >> thanks a lot. >>> let's take a check in with christina on this early monday morning. good morning. >> let's check your temperatures. pretty good, huh? 50s to start the day. happy monday to you, bay area. thanks for waking up with us. if you have to get out that front door right now, always take us with you. i'm on kotv and right now we have no fog to show you at this point, but a very comfortable start to the day and we're headed towards comfortable levels this afternoon. so, as you know, you're part of our morning family and i like to let everybody know in our family that we have showers coming in and i don't want anyone to be cut off guard and you notice this activity especially on the east side of the bay area and down in the south bay, as well. as we get into this afternoon, they'll clear out of here by 5:00 p.m. and by 7:00 tonight mostly clear conditions and we're on our way to a really comfortable

. -- from aol. advertising about and if it is paying off for aol. tomorrow morning at 8:00 a.m. eastern. ♪ >> it is 56 minutes past the hour, bloomberg is "on the markets," i am scarlet fu. 30 minutes into the start of the u.s. trading day and stocks are declining. the s&p 500 losing eight points and the dow falling by 87 points, the nasdaq losing 16. financial shares are leading the way down after aig reported a drop in profit because of rising claims costs. the weakness we are seeing in u.s. equities might be fleeting, if history is an indication. mike reagan joins me to explain why we should be saying tgi- tuesday. tuesday 10 studio positive day for stocks. tends to be a positive day for stocks. >> this year they have been 17 tuesday's, we have risen almost 10% of them. >> that is not insignificant. >> is a crazy phenomenon. >> how does it compare to monday's or friday? >> all the other days have been down on a cumulative basis. that makes the tuesday thing even more surprising. fridays and mondays are the worst days. usually you would think on a monday we would have good d

and aol might be interested in the company. >> absolutely. you have talked about the aol story and how focused they are and in the same boat. and we talk about yahoo! and its video strategy, we talk about new shows and original content. but one thing yahoo! has been thinking heavily about is creating its own youtube. obama has youtube envy in that it has a very powerful network and yahoo! might be interested in getting a piece. wasof the things that reported is that the conversations are twofold. one is, essentially an acquisition. and they have some money coming in because of the alibaba ipo. but also getting to know some of the youtube stars and trying to get them to come to your platform if you unveil a platform, really, that is important for anyone trying to give youtube a run for its money. >> but these channels, there are hundreds of thousands of subscribers to their channels. but are they making money? >> don't worry about money. [laughter] raise a good point. profitability is something that seems to elude some of these businesses. --i

aol beat estimates. they are turning themselves into a digital media firm and focused on original programming and advertising. we will hear from the ceo, tim armstrong. janet yellen is on capitol hill today. she will testify before the joint economic committee. you can watch her speak at 10:00 a.m., new york time. we start with. coverage of alibaba, which could be the largest u.s. ipo ever.

the dow and s&p were up, tech stocks like twitter and aol dragged the nasdaq down. >>> soy sauce believe it or not could be the secret ingredient in the fight against aids. virologists confirmed a 2001 favor that a flavor enhancing molecule in the sauce could potentially be used to treat hiv. it belongs to a family of compounds that helps prevent the virus from replicating. >>> oh-oh is right! instead of backing out of the parking spot, the driver in the honda crv decided to make what looks like a 10-point turn. this is a shopping center in philadelphia. it landed perpendicular stuck between the two cars. he backed into the truck behind him. employees at a hair salon recorded it and called police. the driver eventually had to wait for one of the cars to leave. hopefully they all traded insurance information. then he could finally pull out. how did he do that? >> oh. >> how did he do that? >> painful to watch. [ laughter ] >> slow motion. yeah. >>> chief meteorologist paul deanno with mobile weather out on san francisco's embarcadero. paul, pretty hard to complain about today's weather. i

there was hulu and aol and youtube and maker studios as well. my guest joins us now. good to see you. we last spoke to you when you were at yahoo!. what was the main message of what you guys were trying to hit home? there's a lot of stuff that falls under the maker banner. >> great to be here and talk to you again. my voice is a little shot from last night. we had a great time on stage telling the world our brand story or should i say the advertising world our brand oury and highlighting of upcoming content offerings. >> so, you have got everything from epic battles with history which is some of the most popular stuff they have ever done to teaming up with people like [indiscernible] is behind the partnership that you have unveiled yesterday? to empowerion is creators and inspire expression. maker is sitting at the convergence of media. the convergence of new media and traditional media like tv and film. perfect maker creator. he great content for all platforms. he has been a huge champion of the digital space. we are really excited that he announced a partnership cal

i found this company right after we sold the huffington post to aol. the claim was they figured out displayake advertisements. the banner advertisements you see on your favorite website perform like search. now when i was at yahoo!, i ran worldwide sales for years. if someone told me there was a technology that would come around where someone could make a display advertisement dance or click like search, i never would have believed it. lo and behold, a company called shopo behind a sandwich in paris, france, trying to create something completely different, a recommendation should -- a commendation engine and they backed into a business model where they figured out how to buy inventory from publishers and how to sell advertising in a display advertisement on the click basis. and i heard that install the proof points, i said based on the experience at yahoo! him if the technology was half as good at what i saw, we could run the table around the world. at that point the u.s. was a very small piece of the picture. today we're in over 40 countries around th

it connected content providers would access networks around the world such as earthlink and aol. these interconnections between providers are known as peering. the exchange of internet traffic is largely developed without regulation. both today and in the early days of the internet, service providers such as at&t sometimes negotiate the exchange of internet traffic with other large providers without paying for access or traffic rights. the industry calls these arrangements settlement free peering. consumers paid access networks, such as aol, and those access networks pay larger providers, such as at&t, for connections to other access networks. the industry called these arrangements transit peering. over the last 10 years, technological advances have dramatically transformed a landscape of internet connection . these market forces include consolidation and the rapid growth in the internet content and advertising revenue. our research has documented the accelerating impact of these market forces. internet traffic was once broadly distributed across thousands of companies. by 2009,

today, when there are a couple of really big selloffs going on with twitter yesterday more than today, aol down 26% right now, groupon was down 10%, i looked today. is there something going on? get asked the question all the time, are you in a bubble? is this 2000 all over again. i do not think we are. i think if you look at it and go back to the structural issue and the amount of supply that is really coming to market in the last 90 days or so, we have some valuations that are stretched. i would argue the fundamental the cycle, much stronger than 15 years ago. >> some companies, and definitely not. >> when you get to the later stages of the ipo cycle, it is not always tear one companies going public. you have smaller companies. growth may not be as great. the big thing is you have to manage expectations on the street. you have got to be able to deliver against what you committed. as you get into later cycles and you do not have as good a companies, and it is hard for the companies to meet the level. >> all right area we will watch to see if you are right. thank you for joining us. faceboo

if you look back throughout media you almost always see huge failures like aol-time warner and deutsche telekom and t-mobile. maybe vodafone was a successful merger but it is very high odds that you do not do well. he is eyeing a lot of very old technology. the satellite technology is not uses.he cutting edge this is not the leading edge of cable television. it is not the leading edge of internet use. he is paying money for customers in south america and there are a substantial number and in order to keep this asset out of the hands of his competitors it would not be too expensive if you know -- knew that randall stephenson was not willing to pay $67 million. >> they failed to buy t-mobile which hurt quite a bit. we are seeing comcast trying to write time warner cable. sprint could be making a bid for t-mobile. at&t trying to buy direct tv. put this in the bigger picture for us area they all seem to be desperate. innovate in able to order to create the new businesses that we want or need. no one is able to wait around and invest money to create businesses that would be useful. the only

, aol? we want tog highlight with yahoo!, yahoo! has been hot -- talking to full-screen on a couple of runs. one is the potential of having them as a partner. in creatingterested something youtube-like. they are very interested in video and high-end content and signing up people to produce videos for them. but they are also interested in stealing thunder from youtube and creating their own video network. partnering with full-screen is one of the ways they could make that happen. maybe have one of those stars come over to a yahoo! platform. >> but how much are businesses like maker making? >> these are young businesses, so for the most part they have not been making money. fullwould argue that screen could more easily make money or turn on the tax compared to make. what you will say is way is that they will try to bring out the advertising dollars. right off the top, youtube is taking its slice of ad revenue. $70now that they generated million in ad revenue, but they did not have to share that with our partners. this is less about pr

mondelez allergan, king, molson coors, hertz, aol, sotheby's, report before the open. after the open, 21st century fox, green mountain, tesla, caesars entertainment and zillow. busy day. >>> we hear from the creator of the world's iphone hearing aid, that's after the break. >>> now, according to the national institute on deafness, some 36 million people suffer from some form of hearing loss. only one in five who need a hearing aid actually have one. gn resound has attempted to close that gap with the world's first made for iphone hearing aid. the ceo of gn resound is with us. thanks indeed for joining us. are you hoping out of the one in five people who need a hearing aid that actually have one, this is going to change things. you could use this for all sorts of things. it's a communications tool, right? >> that's correct. i think it's important when you talk about this product, it's three parts. first of all, it's very important hearing aid. >> yes. >> it's actually the smartest hearing aid in the world. it's the best sound quality that money can buy. next to it, it's

when i worked at aol. i was exhausted, overwhelmed, just really was a the end of my rope. i traveled all the time. i ran our international communication. i had a bunch of things happen. i cried in front of my boss. i actually, i ended up, actually ended up quitting. i just realized, not that that moment, i realize this job has gotten a little out of control. there is no boundaries. i work seven days a week, 24 hours a day. i had people who worked for me cried in frond of me, because people were run into the ground. when they cried, i was sympathetic because i knew they were overworked and they were, there was too much pressure on them. and you know, it wasn't happening all the time. it was something that happened once maybe with each employee. look, it's fine. this is stressful. >> kimberly, you didn't tell us whether you cry? >> she's a crier. >> i'm like sandra i'm sentimental and i cry when i see emotion or families or veterans, things like that great stories, kid of course. >> did you cry as prosecutor ever, defendant? >> not in front of but i made them cry for their m

based companies, all the big names, microsoft, aol, google, yahoo! and so on. >> he was the man who broke the washington post story. >> they could do this not with individual warrants. instead, they could do this with authority that is just granted once a year. gellman had been in contact with him for several months. before he was confident of his story. extraordinary claims requires extraordinary evidence. >> the intriguing thing about this anonymous contact was even from the beginning it was plausible. every time we asked a question, we got something back that sounded pretty good. >> eventually, he revealed his identity to gellman as edward snowden, a 29-year-old infrastructure analyst working inside nsa hawaii. through a contractor. >> for a long time, i was talking to him about one story. and i received one document. >> but the prism story was only the beginning. >> very shortly thereafter, i received many documents. >> so gellman kept writing. he had been working at nsa since 2009. in march 2013, snowden began working at security and defense con

it connected content providers would access networks around the world such as earthlink and aol. these interconnections between providers are known as peering. the exchange of internet traffic is largely developed without regulation. both today and in the early days of the internet, service providers such as at&t sometimes negotiate the exchange of internet traffic with other large providers without paying for access or traffic rights. the industry calls these arrangements settlement free peering. consumers paid access networks, such as aol, and those access networks pay larger providers, such as at&t, for connections to other access networks. the industry called these arrangements transit peering. over the last 10 years, technological advances have dramatically transformed a landscape of internet connection. these market forces include consolidation and the rapid growth in the internet content and advertising revenue. our research has documented the accelerating impact of these market forces. internet traffic was once broadly distributed across thousands of companies. by 2009, h

aol down about 3%, also underarmour and panera bread. on the russell 2000 side, some really compelling stories hooks el elizabeth arden, but then on a -- open table their ceo telling cnbc they don't fear the competition for reservations from yelp, so in big names are weighing things down. >> and elizabeth arden looking at strategic alternatives. they've had some tough sledding. tom, thank you very much. >> ty, up to you. >>> the defense industry has changed a heck of a lot. what would it look like over the next 25 years? we're joined with jane wells in florida, unmanned vehicle systems international show. that, jane, is a mouthful. >> reporter: it is. they're military types, not english majors. in 25 year, ty, ruling them all will be the f-35, a trillion dollar program, probably, because the greatest threat isn't the chinese or the russians, it's the budget. it's the jet that can do it all. so stealthy and powerful, no current opponent stands a chance. the first f-35 won't be combat ready until next year at the earliest. by 2039, it will

. >> what about aol? what happened there? >> cash flow is seasonal but -- >> cash flow for the year. >> and aol -- i go through that and they've really turned on it. there was like a closet group of people waiting for one little ching and they took that bad boy down huge. when i go over the quarter, i understand why it would go down some. but the magic carpet ride is over. >> they are still getting a lot of money from the dial-up business. >> yes. >> these people, who are they? >> well, you know, they are people who -- suckers are born every minute. but i do -- i think aol is overpunished. they didn't buy back stock. i don't know how many shares they bought back this quarter but i think that tim armstrong, there is suddenly a sense that he had done it all with smoke and mirrors and i think that's unfair. they built up a good business. >> and they push through. like advertising. >> overdone on the sell side. frankly, there's a big lockup on may 22nd, 80-plus million shares. if they have a $5 basis, cha-ching. >>> and we'll get

the "washington post," people, and all maxine pearce is talked about books from publishers weekly, aol and barnesandnoble.com. as an active media person can be combined with the book maven on twitter and she thought of the popular hash type friday remains. she's the author of two books "national geographic" currently working on a novel. take a minute to sort of briefly explain what it is they do. tell you what their job title is quickly. >> i am always sustained. publicist job. when i was trying to find my way publishing, i started to know what i wanted to do and then i realized there is this role where i could work with authors and journalists and talk about books all the time. i was like i want to do that. i want to talk about books all the time. i want to get books out to readers. i want to connect folks to the real people buying the books. i get to do on that work with the authors couldn't figure out the best way to roll out their book, cat media and i love journalists of all colors and stripes, read a lot in 10 authors to figure out how to get their book out there. >> like taryn,

>> his big strategy is not, his strength not russia's strength aol altogether. stick it to the united states for five minutes that's good enough. i think his grand plan is that heefs going to have crimea as a basket case so nobody would want it as a buffer zone to the west of russia. whether he's in being technical kremlin for another ten years i don't know. that's his plan. >> slovyansk comparing the ukrainian government to fascists. there were nasty street battles. what do you think is going ohappen inside ukraine? do you really think putin can deescalate this? it seems like it's gotten very, very tough in a lot of places. >> that's the danger when you create a violent environment. violent environment gets ahead of you. we're russian he. we don't care about individual life. we care about general greatness. that's what he is achieving. for him it is more of a propaganda tool more than anything else. he can become part of the savior of this situation. then he enters into national community. sort of very similarly he did in syria when he was meddling meddling med

. >>> if millennials are twitter, washington much aol. i'm abby huntsman, can we click our way to better government. come into our domain. it's "the cycle." >>> we start with the comeback of the gop establishment, maybe. last night's

. >> aol, skype, youtube, apple. >> so any of your digital communications, phone calls, texts, e-mails can easily become property of the u.s. government. some companies try to provide secure services but they're still not safe from the government's prying eye. ladar founded a service in 2004 as an alternative to e-mail servic services. in the summer of 2013, the fbi came calling. they wanted all of the ssl keys, basically the keys to the codes that protected lava bits users but rumor has it, they only wanted one, that of edward snowden. >> it went far beyond anything that the public imagined. >> ladar refused and was threatened with yale time. given no choice, he was forced to turn over the information. he shut down lavabit three days later and now challenging a contempt of court order on the grounds that the government violated the fourth amendment. at what point did the government agency contact you and you were like this is odd? >> when the agents were in my kitchen and they brought up the demand for the ssl keys. >> why you feel like what they were asking for was kind of going beyo

., after the first album -- i remember figuring out that aol had, like, a forum for every band. well, a lot of bands. including one for us. and i thought, well, i can go on that. i can just talk directly to people. i wouldn't have to do interviews. i could just, like, talk to people who are fans. so, i did it. it took me a while to convince them it was actually me. but -- it was. [ laughter ] i am. but eventually, it was kind of like -- i guess that's kind of the early social media. it was like 1995, maybe? >> seth: that's great. and you're -- you sort of -- i'm assuming you're the one running the @countingcrows account on twitter. because now you post a lot of -- now, you can use, like, visual proof. because you post a lot of vines videos. >> they're idiotic. >> seth: your vine videos are idiotic? >> oh, yeah. they really are. the first time i made one i thought, "oh, great. i have license to be an idiot." [ laughter ] >> seth: there you go. you are known as a band that has great live shows. and also, you sort of switch up the style of how you play your songs. you'll, you know,