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 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 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. in 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 that is going to be a dramatic difference with facebook they 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 tired that 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 were working for him up to this point is going to change and we'll see how that plays a going forward but i'm not very optimistic guess 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 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 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 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 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 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 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 rich or 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 done and. 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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rusher insists that and then the bloodshed in syria will only be found if both government and opposition forces lay down their arms and talk that's while western and gulf countries keep up regime change rhetoric and recall their ambassadors from damascus also. because system of law and order it's worked for many many years for the seat of another part of the why do we need brussels we can accommodate fury in the u.k. it's in the tourist terror suspect the spiritual leader in europe is bailed and allowed back onto the streets of london after the european court of human rights forbids his deportation. from questions hanging over the legality of u.s.

drone attacks on pakistani soil surface with a fresh strike just days after a report revealed evidence that dozens of civilians were killed by america's unmanned aircraft our top stories this hour. the national news and comment live from moscow this is r t with twenty four hours a day the syrian opposition say the city of homs has come under the heaviest attack yet in days of intensive fighting between groups and government forces activists say hundreds of people have been killed by shelling since friday the government denies the assault local journalist says reports from homs are difficult to verify . but it seems like the situation hamas has been asked to wait for the last five days with fear fierce fighting between know what they call themselves the free

syrian army and the military forces by the syrian government the syrian government has according to it's of little forces has met with casualties on the ground. in the last few days almost it's really hard to determine what's really going on on the ground there because of safety issues to reach the place and confirm. numbers of people died. according to that's what according to activists saying that the syrian military has basically. bombed some parts of the city government house completely refuted any type of involvement that they have actually. shelled old people in the city of almost they blame it on the terrorist groups that have been taking active role in the city

they are spread all over the place there and causing many casualties the government also has issued many statements today that the security forces were able to kill tens of terrorists that belong to these terrorist groups that they also believe that are being back to buy for and for an influence on the ground. well russia's prime minister vladimir putin has cautioned against alcide intervention in the syrian conflict and warned there was a risk of behaving like a bull in a china shop but moscow calls on world powers to use political clout to put pressure on both the syrian government and the opposition to lay down their arms and engage in talks let's now i get the latest from. you joining us live in central moscow so amid the continuing showdown between world powers us to how serious conflict should be resolved what exactly did you let me put in have to say

. well he has warned against foreign military intervention in the country he said that syrians should be able. to decide the future of their country on their own again. of the possibility of foreign military intervention the country comparing. this situation to the proverbial bull in the china again he was speaking at the meeting over the religious leaders and saying. that. during perils the two situation libya where foreign involvement has actually wreaked havoc increasing confrontation between between armed groups and citizens on the ground in fact a world famous organization doctors without borders have actually recently reported of atrocities committed by the various armed groups who have been who have received military support from foreign countries of course russia has been no longer the

advocate of peaceful and diplomatic solution of the crisis in syria and that has actually been the main source of disagreement between russia china and the rest of the countries in the united nations security council when russia and china have vetoed the. resolution by other countries that in fact russia is taking practical steps in that trying to solve the situation. in syria on tuesday a russian foreign minister said forget everything that's part of the russian delegation to damascus has met with the syrian president bashar also coming out of those talks to russia's foreign minister said that the syrian president is ready to said down for a dialogue with the opposition in fact a senior a senior member of the opposition syrian national council because they welcomed russia's role as a mediator and the peace process and commenting on his visit to damascus on wednesday

a lot of raw courage all other members of the international community to put more pressure on all sides involved in the syrian conflict in order to bring peace to the country let's have a listen to what russia's foreign minister had to say. because you live we have suggested that certain parties capable of influencing the opposition groups here and especially those based outside syria as it so tried to convince those groups to begin negotiations just parties with influence on damascus have been trying to convince the authorities to do the same as i have mentioned the syrian authorities confirmed they are ready to begin negotiations without putting forward any conditions on misc. oh course that the country is a merely the western countries such as france and italy and spain and the netherlands are just the latest among those who have actually lessened their diplomatic ties with syria by close it by pulling out their on voice to damascus in

fact the gulf states have essentially tore a diplomatic ties with the syria by not only pulling out their diplomats but also for. the for telling the syrian ambassador to get out of the country in fact of course there are the rest of the anti acid rhetoric is also continuing to come from the united states where the where the white house is they're socially said that the syrian president's days are numbered and pentagon has assured that they are not going to they're not looking at the option off the boarding the syrian rebels with military aid. with at least that is what they are saying currently. ok thanks very much indeed for that live in central moscow for more insight i'm now joined by prashant he's director of international studies at trinity college in connecticut in the usa so what do you make of the situation at the moment how do

you see events unfolding now in syria. well it's hard to say what's going to happen in syria it's very clear that there is plenty fighting happening many many casualties many people killed certainly the conflict is already brought in intervention as it were this is no longer just a sovereign other powers that involved in different ways as you mentioned you know the russian government is involved the united states is in the dirt started so it's not a question of intervention and knowing dimension i think the main issue here is whether a political future can be crafted by the conflict in syria or in the good who would want it to be did mention when we know i think that is the real question not intervention or no intervention but military intervention this is the creation of a political route to create this stable and sustainable dialogue between the various

parties in syria you say the various parties the gulf cooperation council it's planning to recognize the free syrian army as the syrian people's only legitimate representative is it really lat straightforward to identify one element of the opposition to talk to not at all i mean the opposition is a fractured bloc the opposition is is obviously fractured there is a section outside syria section inside syria i think the g.c.c. is eager to kind of good syria into libya and i think that is precisely why the russians and the chinese in the united nations very cautious with the resolution before the security council on february fourth could quickly also but the significance of the g.c.c. we thought so much from the arab league and now we're hearing of course this from the gulf cooperation council just how significant a body and how much of the impact could this have on the situation it is

a very serious question because the g.c.c. was create. did in one thousand eight hundred one largely by the gulf arab states in response to the iranian revolution of one thousand nine hundred seventy nine the g.c.c. has a bloc inside the league of arab states but it doesn't have a majority position in the league of arab states in the question of libya the g.c.c. was able to move the arab states in its stead action and therefore the security council it was resolution one thousand seven hundred three right after that the league of arab states in what for a new leader rejected the qatari candide it on behalf of the egyptians never allowed i v is the head of the league of arab states so what this means is that in the arab league there is now less appetite for allowing the g.c.c. to run things so the g.c.c. is trying to good alone and that force never thought this would by the g.c.c. does not increase tensions with iran after all you said that the reason why it was

set up and of course we're seeing international pressure on syria what impact are we seeing on iran perhaps getting involved the consequences of iran getting involved if there is foreign intervention look the question is the g.c.c. i think is trying to up the pressure is doing something that i think is very responsible this is not the time i think to try to inflame the question in syria needs to be brought on all parties to slow down on moving this into a full scale and very bloody civil war i mean there is not was issued here for anybody to be sanctimonious let us remember that just last year the united states government egged on the pakistani military to enter the swat valley where twenty thousand civilians were slaughtered by the pakistani military you know and nobody brought that for the u.n. security council board nobody in the current question has is sanctimonious you know

who's this. where they can stand on the mountain top in between everybody is coming to this in a morally ambiguous musician and there is the. political dialogue needs to begin not to be more news. clear understanding that we are in a very complicated situation visé thank you very much indeed for your thoughts great to hear from you because you're pressured director of international studies there at trinity college in the states where the sanctions keep piling up on iran it insists that the european people will end up being hurt the most by the block's recent embargo that view was shared by spain's you to tehran who said it will be his country that will suffer spain along with debt ridden greece and italy of the biggest importers of iranian oil and they only have until july the first to find alternative supplies well let's discuss this with your manado he's a spanish journalist right there joining us live from madrid now do you share the

view of madrid's envoy and to ron that spain will be suffering the most from this in bargo or is there some sort of element of exaggeration here do you think no no it's not all spain biased fifty percent of its oil from iran actually last year was twenty percent because of the crisis in libya so one of the main sources of energy for spain let's remind the viewers that spain spain is energy conscious eighty percent for oil and ninety nine percent of that are imports so yes. it is no association it will suffer a lot because of the sun should not just spain but of course the rest of the beleaguered european economies that rely on all supplies field supplies from tehran in a way to iran is right in saying that the already vulnerable euro economies will be hit and in effect it is a case of shooting themselves in the foot is that a good point to run makes. well i think iran is right in particular because what we're seeing here is not

a decision that comes actually from the european countries to spain never wanted to go to to poot to be put in place this is something that comes externally from the united states pressure on the european union so it's not just a question of whether it is a good or a bad idea in terms of the economy but also it calls into question spain's tanami in making foreign policy decisions and he's not just to spain and italy i have to remind you that also greece imports lots of oil from coming from iran and it could be hard hit in a way that will will will will bring them bankrupt in the coming future that would be a complete disaster for the european union and for the euro and that can happen because of these of these political move and also what about the political divisions we're seeing in the attitude towards iran among european members spain's ambassador to iran has said that negotiations were the best way to resolve this issue and yet iran is now claiming the west is trying to block all these efforts to resume six

party negotiations so what's going on there in europe. well i think it's very clear that the. defensive let's call it like that against iran. is driven by three different elements in international community by saudi arabia mostly also by israel for its. interests and then because of these two our allies of the united states united states is involved and it's actually the most important power behind the sanctions and behind a whole campaign against iran let's say the case of the european union it's actually. the influence of the united states that has brought us into the into the situation because european union actually had a very good relationship in terms of economy and trade with iran it was retrieving the last twenty years all the connections that have been lost after the iranian

revolution and the situation was improving until we came to these two these new tension that has been in my view to a great extent artificially created and yes it has now become an economic issue and can have even more. destructive effect if the iranians decide to say cut of the strait of hormuz or even if they now decide to beat europe to it by. by by cutting off their oil now because we need this time to find alternative supplies if they cut the supply now we want to be able to find them there will be a huge recession in europe of course i don't think they will be doing that that would be. wouldn't be good for more iran either because then europe will become too that to be an enemy of iran but that is something that can happen i mean that sense is an unwise move interesting analysis of all of this thank you so much for your thoughts miguel and spanish russian journalist live in madrid thank you time.

outrage sweeps britain after the european court of human rights blocked the deportation of abu qatada dubbed as ahmed bin laden's right hand man in europe it's the latest in a string of questionable judgments that of overall domestic decisions as artie's nor smith explains patience for the e.u. was running thin. a silver in land with its queen its own currency and its parliament was made by someone else this building houses what we in the u.k. call list supremes 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 ahead you can take his abroad to france and decisions made in strasburg could rule.