when it comes to revenue is is facebook and i have to find another breakthrough in social networking to really match the expectations 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 that 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 a 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 the 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 him up to this point is going to change and will sleep please going forward i'm not 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 so at 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 that 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 to meet quarterly earnings targets and indeed for here at least i'm going to be very popular with investors when 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 when 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 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 hers 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 and 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 money fortunately for him the idea has created a lot of money do you think is this streak is going to continue we should just continue the way. 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 in 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 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 right joe and we've all run a. 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 for viewers for watching if you are seeing next time and remember.

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russia insists that by both the syrian government and opposition forces to lay down their arms and hold talks only that will be a way to end the bloodshed and that's why western countries keep up the regime change rhetoric and recall their ambassadors from damascus. for many many years for the seat of the mother. why do we need. fury in the u.k. as a notorious terrorist suspect al-qaeda is a spiritual leader in europe is about to be released back onto the streets of

london for the european court of human rights his deportation. and growing tensions between egypt and the u.s. triggered by cairo's crackdown on western n.g.o.s lead in egypt's military delegation cutting short a visit to washington. a very warm welcome from all of us here at r.t. moscow. world powers should use their clout to put pressure on both the syrian government and the opposition to lay down their arms and engage in talks russia's foreign minister says such efforts a needed to help solve the country's crisis. was commenting on his recent trip to syria's capital and as there were reports the need for dialogue seems higher than

ever. according to latest reports fighting has actually intensified in the syrian city of holmes shelling has actually been the worst that it has been over the past five days but also there are some unconfirmed reports saying that the army troops are moving towards the center but of course most of these reports are coming in from sources which are affiliated with the arm syrian opposition none of them can really be confirmed as there are really no reliable sources on the ground in syria syrian t.v. at the same time is reporting that armed rebels have taken and have attacks all the refineries just outside of homes and have said those on the fire of course of that all of this comes. right on the heels of the recent visit of the russian delegation to syria following which president bashar last that has said that he is willing to go to great lengths in order to reinstall for peace in the country he has promised to go through with major reforms among them a referendum on constitution which should take place some time in march he's also

but he's also said that he is more than willing to sit down for talks with the with the syrian opposition on their part that the syrian national council which until now has been refusing for a negotiations with the current syrian government saying that it is illegitimate now the syrian opposition has said that they are willing to sit down and and carry out a dialogue with the syrian government but they have said that russia must provide a road map for those negotiations in fact both sides in the syrian conflict both the government and the opposition are saying that russia must perform and mediating duty in order to resolve but this is a conflict all russia has stressed the importance of putting pressure not just on the current on the current government in syria but on the opposition as well russia's foreign minister has expressed that thought in damascus and he has reiterated that third earlier today it was really if we have suggested that certain parties capable of influencing the opposition groups especially those based.

outside syria to try to convince those groups to begin negotiations parties with influence on damascus have been trying to convince the authorities to do the same as i have mentioned to syrian authorities confirm they are ready to begin negotiations without putting forward any conditions. but instead of putting pressure on the opposition most of the world community seems to be pulling out its envoys of from syria france italy and spain are among the latest countries to have recalled their ambassadors to syria they're also the gulf nations which have not just recalled their own boys to the country but have sent out syrian ambassadors from their respective countries thereby effectively ending diplomatic relations with damascus and of course there is the the. one bending rhetoric from the from washington the white house it seems determined that the that separate us our last six days are numbered they're saying they're there or not they cannot imagine

they cannot imagine any negotiations with the current syrian government and the message that said particularly the western countries seem to be sending to the armed rebels in the country is a green light for them to intensify the fighting. it's a ridiculous career putting right will in the light of the recent security council fallout after moscow and beijing blocked a draft resolution on syria we spoke to russia's envoy to the un italy churkin explain that one of the main reasons for not letting the text pass through was that it put pressure only on the syrian government while russia believes the rebels must also be held accountable for the escalation of violence their 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 money during mission of that i believe was there and as the situation was evolving everybody saw that the government troops were pulling

out of certain downs 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 this it is but would also would also require the opposition forces to show restraint and not to exercise their military coup out that was in fact the key issue or over which our efforts to have a consensus that is illusion of the security council failed. we also have an entire section dedicated to syria on our website and on online we are also asking for your thoughts about the outcome of russia's struggle to untangle the situation in the

country let's see how the numbers are picking up right here at r.t. dot com the numbers for this hour are the vast majority of you believe that the west will find a way to remove assad regardless of peace talks about a fifth think that even if an agreement is reached the opposition will motor on or it while the rest of us rather split here almost evenly between whether the talks between us position will fail all the regime in opposition will reach a much needed compromise or do you let us know what you think going to r.t. dot com right now and cast your vote be a part of our global. let's get some more details on syria now and talk to a ya'll is there a professor on middle eastern and african history of university thank you for coming on r t today when the revolution began in syria israeli politicians and commentators made it clear that they preferred at the stability of assad's rule to a revolutionary transformation why's that. yes that's right i mean the perception here in israel was that israel prefer stability you could

argue you can say that there but you know the assad regime was committed to peaceful border with israel the israeli syrian front porch very was very quiet i mean the behavior of this regime was quite rational and to some extent moderate. to its relations with israel i think also the syrians the deed that maybe even now with these three for stability or jumping through there are known that they look at what happened when. they look toward these have been known then they say with all due respect you know. they prefer to do this with the bill it is they go to. you. professor professor i do apologize a professor yell as you said it's our fault on this and we've got a bit of

a bad connection here we're going to try to reestablish our connection and come back to you in just a few minutes here on r.t. professor i do i do ask for your patience and to our viewers as well but we'll see you shortly just a moment for you with r.t. live from moscow to apologize for that still to come for you this hour in the program questioning the legality of u.s. drone attacks on pakistani territory they've been slammed for hitting civilian targets and violating pakistan's sovereignty as we discussed the issue in light of a recent strike that killed ten. outrage sweeps britain after the european court of human rights blocked the deportation of qatada dubbed osama bin laden's right hand man in europe is the latest in a string of questionable judgments that of over rule domestic decisions and as artie's smith explains patients with the e.u. is rapidly running thin.

still for inland with its wean its own currency and all of it but no was made by someone else this building houses what we in the u.k. call list supremum court 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 to home 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 being de railed and it was never never anticipated of the second world war after the holocaust off the terrace 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 dogs the european court in strasburg there's a backlog of up to eight years and when cases are decided the judgment. in two thousand and ten the court decided to give prisoners the rights to vote through petition by john hirst who spent much of his life behind bars after killing his landlady or whatever the u.k. is still refusing to implement the ruling it makes me physically ill it would probably mean to give the vote to anyone who is your version aside it could also cost of the last time that we looked at this the cost of complying with judgments on 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 assume seated 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 dumped bin lardons right hand man in europe can't be deported back to jordan where he's now g. to be released on to the street of britain this is somebody who stands up and publicly. hatred about everything our democracy is and 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 country so far so fat exams that 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 it's worked for many many years for the seat or the mother of all parliaments why do we need trials purple 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 altogether are demanding reforms to stop strides burke making decisions on what should be sovereign issues the court press to be more focused on fundamental civil and political rights not interfering in the daily lives. and in the ministration of the criminal justice system and 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 weak a human rights protections entirely vulnerable laura smith r.t. london. the pakistani army has met with nato and afghan forces in an effort to improve coordination along the pakistan afghanistan border and the talks come just hours after a u.s. drone attack in northwest pakistan killed ten suspected militants i washington has been criticized for its cia led aerial strike three with some allegedly targeting

pakistani civilians and fetal services also wedding parties more on this one are joined live by chris woods senior reporter for the bureau of investigative journalism good to see you thanks for coming on r.t. today president obama recently said that drones are used strictly to target terrorists also saying that drones have not caused any number of vast number of civilian casualties or how do you read into those statements by the american president were as you know rubio has been investigating. concern for many months now and the figure that we believe to credibly report to the camps with civilians killed somewhere in the region of room two hundred or four hundred civilians killed or well president obama's been in office and specifically the question of only targeting terrorists as a report just this week shows the cia has been targeting rescuers these are people

coming forward who are injured previous strikes a move also been attacking funerals but i must be said these are aerial drone strikes are typically along a very rugged mountainous terrain of the afghan pakistan border where we have reports about targeting people who rail you know we've we've we've had another bad connection here at r t two interviews only lasting thirty five seconds we do apologize will have to work harder on getting better connections or a nazi i do apologize i will try and get mr woodstock here as soon as we can. all right as we carry on here at our two year let's move on now to egypt is where an egyptian military delegation has a broccoli pulled out of a visit to washington in the latest sign of rising tensions between the two countries nineteen americans are among forty three n.g.o.s activists banned from leaving egypt and accused of illegally using foreign funds to fuel the other breast washington has already called the scandal quote

a slap in the face and threaten to withdraw its military aid to egypt where if a national has the story. egypt's new government crackdown on and you know is has raised many questions and we may want is right now on the groups menu we funded by washington have been on the ground here for a while we were at the vanguard of the uprising even barak that eventually brought the supreme council of the armed forces to power last february and no one has ever seems to care about their sources of income that isn't easily don't have to take criticism to the new military leadership i mean it's common for the slow pace of reform some of them are used by this. they are quoting people of the world. and they are the ones that evolution. in the radicals who live there this is very much a dangerous world the rhetoric this is especially led to prosecutors really seventeen offices of advocacy groups forty three activists including americans

germans and egyptians are now facing trial for illegally using foreign finds to promote and arrest in the post mubarak country activists how would claim they are the victim of scarves reluctance to give up power with the people about the rights but the scaf looking for enjoy. some agent against the regime and all the mind the round up of activists has also netted the sun if you asked mr taishi secretary . for the fueling tension between cairo in washington. isn't simply because. of them in a sort of plans or. i don't think that he has leading at all in the thing at all so this is a game and erica his military aid to egypt reaches one point three billion dollars annually has been very serious there has been weak to condemn scarf when in the days.