that's all sheryl sandberg.her is really the talk they have been putting out there for a long time. the phrase making the world more open and connected, that's kind of their catch phrase. that's like goolg's don't be evil phrase. that's their pr tag line. >> she also said the best thing facebook can represent at the ipo is the kind of growth that creates jobs. is there a political move here that might threaten the company? is it a defensive move on her part that keep others at bay? is that what we're also witnessing a presumably we embark and a road show? >> i think the number one thing sheryl and mark zuckerberg wants to do is talk about the growth opportunities for the from company from an advertising revenue perspective. we've heard a lot about how they've grown but they haven't convinced madison avenue advertisers that they must advertise on facebook. they're getting there and they're growing. so i think political considerations are a part of it but facebook has put to rest some of the privacy concerns they'

but if you think about it, sheryl sandberg, we heard she was speaking on sunday in davos, dan from fortune she's now been added as the hbs keynote on may 23rd. there's your window right there. you can't speak outside of that. >> that's a very good point. final thoughts from julia boorstin and then jon fortt. julia. >> i just have to say i think francis is wrong because i think that we have to look at what mark zuckerberg and sheryl have been doing with the company. zuckerberg said many times he's interested in focusing on growing the company, growing its revenue and its earnings and that's something that he wanted to do without the distraction of the public markets. >> jon fortt, what does this do to other companies or for other companies that may be wanting to come public from the valley et cetera? >> sucks all the air out of the room. nobody wants to come out at the same time as facebook. another thing i'll say as far as the distraction issue facebook should not have done this sooner. they had some major changes in timeline and other things they were rolling out at that time. it's going

i know last week sheryl sandberg was in davos.he spoke but tried to keep her words away from the ipo, some of their investors have been speaking. how does the s.e.c. look at that issue? >> well, really the whole purpose to keep things quiet is to ensure that you don't have people out there hyping the stock ahead of the documents, ahead of people being able to dig in and seep what the real facts are. i think it's an excellent rule. so what the s.e.c. would look to is are people getting out ahead of the documents, the filings, the prospectuses and trying to sell the stock on hype. >> let's talk about mf global. it does appear this money has disappeared. what a do you expect will happen to jon corzine? >> you know, the fact that the press is reporting that a billion got vaporized is amazing. money doesn't just vaporize unless you're the u.s. mint burning up old dollars, dollars don't just disappear like that. so someone transferred the money from these customer accounts to someone else. someone did that. i think eventually over time

thing that was just sort of interesting to watch was all of the bankers in davos literally like sheryl sandberg here and the bankers trailing her. gary cohen from goldman sachs, morgan stanley said to be leading this transaction and, by the way, i'm not sure the bankers themselves yet know they've been selected. it's possible ultimately you'll see a filing without banks chosen. i know there's a jockeying horse race. on wall street they're all desperate to get a piece of this. the last component that's so interesting, there's an expectation that the fees the banks will get, facebook will be dictating to them. someone described it to me like when the treasury called up some of the banks and said you're going to do the aig deal, because we're the treasury, we're such a big deal, we're going to tell you you're going to take virtually nothing. >> for the cache? >> it will be interesting to see what happens. >> it was interesting that what's his name, milner, as a public company it will grow and it should still be able to grow. i'm trying to figure out how much we need to assume that we'll grow to ge