people have for this i.p.o. and further down the line i think they will i mean right now eighty five percent of their revenue comes from advertisements and like you said you know there right now there's four hundred million people who are using facebook through their mobile phones and there's you know there's no ads being shown there and when they eventually you know they're working on it right now but you know people don't want to click on ads on their phones and you can't assume that the revenue stream from mobile phones is going to at all equal what's going on with the desktop computers in the past and at the same time you know most of the growth like you said earlier is coming from these developing nations where there's a lot less revenue coming in even from the ads they display jay what do you think about the business model that facebook has i mean to what do you i think everyone would agree it's successful to this point but is when we look at public investors by i mean private investors in this company right now how much is it going to change i mean how much is the management going to change and investors obviously want to return on their in their in their own investment i mean how much pressure

is likely to put on the management of facebook because they haven't had to face it before. i think google is the appropriate analogy there both companies have dual class share structures where management basically controls the votes and the public market shareholders have relatively limited control now with facebook. just like with google. founders that controlling shareholders. and paper are wealthy. in google's situation there hasn't been a mass exodus of top management even though they don't have to work for a living. based upon that precedent i don't think there's going to be a dramatic difference with facebook. they certainly want the company to generate a lot of profits to so that when they sell the stock they can sell it at

a high price but they don't have to worry all that much. pressure to meet this quarter's earnings tire get basically management is entrenched whether the public market shareholders like it or not ok peter would you think that's going to change because we have facebook made comments made compromises in the past to in favor of the user instead of profit be very open about that do you think that's going to change you think it's going to have to change. i think from this point forward when they do the i.p.o. in may everything changes i think the corporate culture changes you know all the key players are going to be multi-millionaires do they show up to work at the same time do they work as hard nobody knows you know and they're also going to use a lot of this money that they raise to bring in more people you bring in fresh blood you know that can be good but it's also going to change the corporate culture of what they have working for me up to this point is going to change and will sleep please going forward i'm very optimistic gary what do you think about that i mean

if you become a you know a multimillionaire overnight what kind of initiative is it going to be for you to go to work every day or maybe go out on your own and start your own company your own ideas i mean how much of is this a threat to the core corporate culture of facebook after the i.p.o. . well there's no doubt that the incentives for employees will have reduced one of the great attractions to the startup culture is the possibility in the person perspective of one day going i.p.o. and cashing out this point in time those employees are in a position whereby they've effectively generated the returns they once hoped when they join the company and at this point in time it becomes very difficult for the management to keep that talent in place however if we look at the s one we see zuckerberg talk very extensively about the nation of the company and the reason i

believe he's promoting that so heavily is he's trying to take attention away from profitability of the company itself and to meet quarterly earnings targets and in the fourth year of these i'm going to be very popular with investors that he won't be popular with investors that he's going to behave that way i mean that it's ridiculous ok i mean how can you justify that when other people own the company. well i think that's the challenge in fact corporate governance is a very big issue we saw one of the pension funds come out just this morning and state that they have grave concerns over the fact that he has such an iron fisted control over this company he's got very very substantial control over the direction in the future and indeed the earnings and the financials one thing to note however

is he did send a signal to the market that he has very strong control over the financials he sent a statement by looking at the s. one the net income was one point zero zero zero billion it wasn't you know one million above or below that and i believe that was him sending a signal to the markets that he knows exactly how to grow the financials here both top and bottom line jay if i can go to you it seems to me it cuts both ways because i mean we have a very successful c.e.o. already i mean what he's twenty seven years old i mean i think a lot of you'd best years on the other on the other hand would say leave him alone let him do what he wants look what he's created i mean it cuts both ways in looking at how management will change. i think that's true however the corporate culture in the us. is dramatically different than in russia. partly the laws are different partly the enforcement of the laws are different but

also the corporate culture is a lot different to in terms of executives who loot the company who don't grow shareholder value lose a lot of social prestige. and unfortunately that's not true in every country and i think that. is going to be very. loath to not. live up to expectations and best players are saying hey you know we're counting on you to grow profits to keep this as a financially successful company i don't think he's going to use his voting control to go off on flights of fancy and say thank you shareholders public market shareholders you gave me some money. and i'm taking it and doing what

i want with it you know you've got lots of employees as well that own shares and they care about the stock price they're not going to be happy if the company doesn't achieve financial goals that make public market investors willing to pay a high price you know peter it's very interesting in looking at the. background here he's not motivated by money at all i mean again it kind of cuts both ways doesn't it i mean he's more focused on the idea and not money fortunately for him the idea has created a lot of money do you think is this going to continue we should just continue the way he is. well peter that's a great point he is proven time and time again that he's never been about making money ironically that put him as the seventeenth richest person on the earth and you know but he's made it quite clear he's not about making money and i think that people are putting that concept on to him in assuming that because now there are you know getting a part of facebook and as

a public company that he's going to be trying to do what's in their best interest and he's never said that he would do that he's got about twenty percent of the voting control of the company but with that he's got the you know this preferred a preferred being common stock he's got the ability to put the board members in the ability to basically do whatever he wants now you've got to ask yourself this age with this much money and the success he's had is he about making a bunch of people on wall street more money or is keeping this facebook concept as pristine as he has up until this point and i think it's going to be the latter what do you think what is going to be make while wall street even more richer is it going to be about innovation in going to web three point. i think there's no doubt that innovation is his primary motivator here but with that said he also does have substantial pressures on him that were not there in the past as a private company now with the public company he will be scrutinized to

a much greater extent and looking to the future what he's really got to figure out is how to monetize beyond the facebook platform looking to add revenues like google does on multiple other sites and historically they haven't done so well at that but there's no doubt that he's motivated to make facebook success beyond its own platform that's one of the reasons it's really the internet idea it's a user authentication platform and we've all run and if you pass an eighteen discussion here we'll see if the market says it likes the i.p.o. or not many thanks to my guests in philadelphia gainesville and in toronto and thanks to our viewers for watching us here at the scene next time and remember. i.

breathing life into hopes for a nonviolent solution to the syrian crisis as russia's delegation to the country sees signs that both sides are ready for dialogue. the rift between the e.u. and the u.k. grows into a chasm after the european court of human rights orders the release of osama bin laden's right hand man and europe. and washington stop military official we had to go to trying to span criminal charges against american ngo members as egypt's military leaders crack down on the western activists who held them to power last year.

you want to party coming to you live from moscow i'm marina joshua all come to the program now both the syrian regime and the opposition have signaled dad the solution to the bloody unrest may lie at the negotiating table rather than the battlefield well that's half to russia's foreign minister met with president assad in damascus the leader told the delegation that he is ready to implement reforms while the opposition says moscow should provide a roadmap for dialogue parties or renegotiate now explains. following the visit of the russian delegation a tuesday or a bull's eyes and that is the opposition and the current government have expressed their willingness to go through with negotiations president bashar assad said that he's also willing to go through the necessary reforms in order to end the violence in the country and one of those reforms which he has promised is a to carry through the referendum on the constitution now that is slated to come to

come around sometime in march and if their friend and goes through as expected this may mean the end of the monopoly of the current ruling party another note for the moment is the fact that the syrian opposition which here there which until now has been unwilling to to go to any negotiations with the current government in syria has said that they are willing to talk but they have said that russia must provide the roadmap for those negotiations and that they must go beyond just the talking that some actions should be taking place now syrian president assad has also said that he is hoping that he that he is actually he was once the observers from the league of the arab states to stay in the country and of course russia has also mentioned that the peace process in the country must go through according to the plan laid out by the league of the arab states don't tell listen to the russian foreign minister to give up on the results of his the visit to syria our approach

is based on a clear and simple goals to stop civilian deaths the region needs peace syria needs peace it is clear that efforts to end the violence need to go along with the start of a meaningful dialogue between all political sides today we've received confirmation from the syrian president of his readiness to participate in that process we will continue to work with various opposition groups but anyone who has more influence on them than russia should also work with them there of course also countries not seem to be as each. to see the peace process in syria to go through france italy and spain are among the latest countries to have pulled out their basters from syria also they are the gulf states which have not only recalled their ambassadors from the country but have also sent out syrian ambassador from their countries there are also statements from the united states who are make it clear that they are not willing to see president bush are locked to to remain in power for much

longer the u.s. ambassador to the united nations has said that his these are numbered also the white house has mentioned that to negotiate with also it is to is basically a way to fail or now the u.s. has to be higher not planning on supplying arms to the syrian rebels but they have said that no option is off the table. reporting there in the light of recent u.n. security council fallouts when moscow and beijing blocked a draft resolution on syria r.t. spoke to russia's ambassador to the body says that piling pressure only on the us and regime gives you know lateral advantages to the rebels who are also to blame for the violence in syria. the latest round of military confrontation in syria started a couple of days before that resolution draft resolution was put to vote and the reason i'm here i'm trying not trying to justify anybody but simply trying to be analytical is that as the monitoring mission of that i believe was there and as the

situation was evolving everybody saw that the government troops were pulling out of certain towns or certain quarters and in cities that territory was taken over by armed rebel groups that would mean that the the armed confrontation will continue and escalate and that was the reason for which were brought our amendments to the text of the draft resolution which would not only require the government to pull out its forces from from the cities but would also would also require the opposition forces to show restraint and not to exercise their military coup out every conflict. needs to be resolved through negotiations there are two ways really in my view one is a frontal attack against the regime something which i'm afraid has been happening lately including from some international important international players the advocates of regime change they have been trying to. resolve the crisis through

frontally the toppling of the current government in the mosque but this is this would mean bloodshed and civil conflict and. conflict which would be spreading beyond the borders of syria but the other the more rational way the only way which the international community should be supporting. trying to put the parties to the table to bring them to the table and to arrange. among them in order to find a political solution without further bloodshed. now the pentagon has reportedly launched a revision of its to fans capabilities in case of will have to resort to a military option in syria president of the arab lawyers association says this is nothing out of the ordinary and it's simply a matter of history repeating itself. this is very clearly an attempt by the worst to thwart any settlement because i don't think the western powers whether it's the

u.k. u.s. france or the europeans and certainly the countries they go countries really playing according to the rules that are being laid down to them by the americans they are the people who are trying to any possibility we've seen this before and the. other. thing the opposition and i mean. anybody who wanted to have a dialogue with the government regardless of whether they're whether. they were accused of being. stooges of the government or their agents of the government or they are not part of you to know that this is that they are doing now at the present moment i think in terms of the opposition in syria and i fear that this is really why of the russians are trying to get the opposition to talk to the government because that's the only way you can resolve the problem i think they will stop those people from even though position from discussing with the

government sitting with them and this is really where they've done the same thing in libya where civilian and peaceful protests were converted into one conflict so that it gives the pretext for the west to intervene. and so the kind of program the greek economy goes on sale fresh clashes erupt in athens as the austerity ravaged public rails against what they see as a fire sale of the nation's future. and frozen to death by being cold has ukraine and. as a country suffer its most severe winter in years but more than a hundred people dying over the last week. outrage sweeps in britain after the european court of human rights ordered the release of abu qatada dubbed to some of the audience right hand man in new york it's the latest in a string of judgments that have overruled domestic decisions reinforcing the opinion that the e.u. is interfering in matters it has nothing to do with and as our teams laura smith

reports patients where the e.u. is running san. a silver in land with its own queen its own currency and its own parliament laws made by someone else this building houses what we in the u.k. call the supremum courts but in practice it supremes in name only despite being the highest court in the land when it comes to human rights if you don't like the way your case is going or you can take his abroad to france and decisions made in strasburg could overrule any may taya the european court of human rights was set up after world war two to avoid the persecution of minorities by the state but now it's been the railed and it was never never anticipated of the circle or war after

the holocaust off the terrors perpetrated by certain tyrannical governments but the court now would be protecting the criminal and not the victim. delays in control of a sea have dogged the european court in stroudsburg there's a backlog of up to eight years and when cases are decided judgments are often bizarre in two thousand and ten the court decided to give prisoners the right to vote after a petition by john hirst who spent much of his life behind bars after killing his landlady the u.k. is still refusing to implement the ruling it makes me physically ill it would probably mean again the vote to anyone who's in prison knows the aside it could also cost a fortune but the last time that we looked at this the cost of complying with judgments under the european convention of human rights was about two point one billion pounds a year that's three point three billion dollars plus another two point eight

billion in a susi ated one off costs in other areas an immigration ruling means a convicted nigerian rapist gets to stay in the u.k. because of his right to a family life. and most recently the european court of human rights ruled hate preacher abu qatada dubbed bin laden's right hand man in europe can't be deported back to jordan he's now g to be released on to the streets of britain this is somebody who stands up and publicly. hatred about everything our democracy is stands for and yet we can't get rid of him because of the european convention on human rights sitting in strasburg forty seven judges one from each signatory country so far so far except none of them were elected by the people of the countries they're making law for we've got a system of law and order in this country that word for many many years for the

seat or the mother of all parliaments why do we need strasburg will brussels to tell us what we can and cannot do the answer is we don't so therefore british law for british people those who aren't calling for the u.k. to pull out of the european convention on human rights all together are demanding reforms to stop strides burke making decisions on what should be sovereign issues the court house to be more focused on fundamental civil and political rights not interfering in the daily lives. and the ministration of the criminal justice system in the member states of the council of europe without reforms there's a risk of throwing the baby out with the bathwater as nations pull out of the human rights court undermining it leaving those in countries with weaken human rights protections entirely vulnerable laura smith r.t. london. meanwhile would be rioters in the u.k. could soon come face to face with military grade chemical agents the government is being asked to clarify its stance on the use of incapacitating nerve gas although

banned from use in warfare there are fears it could be adopted by british riot police so read the full story at r.t. dot com. also on our website at. war for america and range catholic priest are preparing for a legal fight with president obama saying his new house insurance policies are out assault on religion. washington is sending a top official to egypt to tackle cairo's crackdown on us now profit groups the groups played a pivotal role in the popular uprising that toppled president mubarak last year but are now falling victim to egypt's new military leadership refinish now has been following events. egypt's new government crackdown on geno's has raised many

questions and they may want to is why now the groups many and we bonded by washington have been on the ground here for a while they were at the vanguard of the uprising against mubarak that eventually brought the supreme council of the armed forces and no one has ever seems to care about their sources of income that is until they directed their criticism to the new mutants religious sheep. or the slow pace of reform some of them are used by this. they are quoting people they are working. and they are the ones that evolution they have. won the radicals who live there this is very much a dangerous world the rhetoric this is specie led to prosecutors raiding seventeen offices of advocacy groups forty three activists including americans germans and egyptians are now facing trial for illegally using foreign fines to promote and run

in the post mubarak country activists however claim they are the victim of scarves reluctance to give up power with dreaming the people about with their brights but the scaf looking for. some agent against the regime and all the mind the round up of activists has also netted the son of you asked respect a she secretary ray la hood further fueling tension between cairo in washington. isn't simply because. of them in a sort of plans for. i don't think that. in the thing. so this is it and there it was military aid to egypt to reduce one point three billion dollars annually has been very serious there has been quick to condemn the car when in the days of blank checks are over or the condemned more. the end of that the continued on flowing that the provide that support also continue flowing

we don't buy or washington's so-called support for democracy get in the middle east washington wants to step in always the situation as much as possible in order to get in to its interests they don't care about democracy meanwhile even those on the streets protesting against car share the council's concerns about the n.g.o.s motives the usa has had a hand into its policy making for years but the whole n.t. and your campaign has become the first serious disagreement between america and the country's new authorities cairo wanted to send washington and message that it's no longer the silent dog it was under mubarak but an independent state which will last so the right any outside interference some doubts though they really minute the end to military movement growing have a bigger you can see it over there this isn't how some of the armed forces are scaf now running egypt is in a very vulnerable position and this nationalistic pronouncement may just be a nationalist show put on to calm the people down and to win back

a shred of credibility. in cairo. regime change in egypt has severed previously well established ties between cairo and tel aviv this as israel continues to take steps to further isolated from their bellies neighbors policies that some former government member strongly oppose just a few minutes a former senior a tell of a diplomat shares his views on the matter here's a preview. the right wing always. profited from. the. public mood on new defense issues and i think a lot about what is a lot of what is said about iran actually serves political ends and i'm. very angry about that i think it should be stopped at once it is very obvious that era.