use software to figure out where the revenues coming from. >> when you look at google versus facebook versus appleo are the better innovators right now? >> apple has had a legacy of incredible innovation. i suspect there is another generation or two of innovations that we cannot even imagine yet and that will wow when they are shipped. i think the iwatch will be very successful. apple thrives when you force the physical constraints and push the cutting edge of science. they will have to do that given the formfactor limitations inherent in a watch. amazon has been innovating in various other dimensions that haven't been predictable. i think it is possible for a public company to innovate very successfully. most of the core innovation are building things from the bottom up. >> you mentioned secrets in passing. >> i think it is interesting. there is going to be more anonymous, pseudonymous transactions. read it is a very vibrant community. if you look at their metrics, they are on par or better than twitter is. hacker news is very influential within a tight community of startups, based on pseudonyms.

look at google versus facebook versus apple, who are the best innovators right now?think earlier stage companies, generally. apple has a legacy of incredible innovation and i suspect there's another generation or two of innovations we can't even imagine yet. we will be wowed by them when they are shipped. i think the iwatch will be successful. apple fries were you push the physical constraints. they will have to do that to keep the form, factor and limitations of a watch. innovating inn various other dimensions that would not have been readable. i think it is possible to innovate successfully. most of the core innovation and people we are looking for building things from the bottom up will stop >> you mentioned secret in passing. what do you think of them? >> i think it is interesting and there is going to be more anonymous to anonymous transactions. read it has been massively successful. it's a very vibrant community. if you look at their metrics, they are on par or better than twitter. it's very influential and has real schedule. hacker news is very influential in

look at google, versus facebook, wishes apple, who would be the best innovators ? has obviously had a legacy of an incredible innovation. i expect there's another generation or two of innovations that we cannot even imagine. willwill while fast -- wow. apple thrives were you forced the physical constraints and pushed the cutting edge of science. they want to do that given the limitations inherent. amazon has been innovating and various other dimensions that have not been predictable. it is possible for a large company to innovate excessively, but a lot of their coronation and the people we are looking for is building things from the bottom up. >> you mentioned secret. what do you think of them? >> i think they're interesting. i think they are going to be amounts -- anonymous or pseudonymous transactions. not tiedok at the to your real-world identity. what there is a black hole of facebook that accept real world identity and people creating antimatter are starting to five. -- thrive. >> mark andreessen tweeted that they would never need facebook or secret, because t

facebook vs twitter, apple versus fire i. we can't forget about caribbean be.ve it is worth $10 billion? you probably never heard of it. all that after the break. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. ♪ see what's new at projectluna.com does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. stuart: another new player in the online video streaming game. sony will be developing original programming which will be streamed over playstation consuls. first solar expecting big profits this year. ge to develop low-cost solar plants. check

versus the idea of twitter and facebook? >> how about the idea of facebook are growing in the way that apple used to grow, but you still like> this is a pre-cash flow story. this is the company that is going to make more profit this year, more cash flow than any in the world. we are holding it to different standard. >> better than growth? >> go -- growth begets size. apple's biggest problem is its size. you are not paying anything for growth right now. you are giving dividends, share buyback, and you still have the dominant mobile phone provider, the iphone system. >> good morning to everyone. howard, the new york rangers today. >> he knows how to get on your good side. >> i tell you. >> twitter question of the day, what company should facebook by? tweet us. ♪ >> good morning, everyone. ward, hashost, howard been long and right, chief investment officer at growth equities. google glass in the news. howard ward, he likes the eyeglass monopoly. they are a roll up, are they not ? of all the eyeglass makers? luxottica? >> for most of the designer i-frames, they operate under license with manufacturing. the frames operate under

versus what is called muscular? the codenames for the program i described earlier where the government tapped into the traffic circulating among the databases, specifically apple and google. companies like microsoft and facebook also assume the same thing was happening to them. upstream program i described where as prism was the downstream program where they compelled companies to give the information. host: american heroes has -- -- says -- guest: that is a terrific question. one part of the story we have not discussed yet is i called the nsa for comment. i said do you want to talk to me? i had written a book in the 1990's. i covered the crypto wars where about thea big fight encryption technology. for a long time the government fought it and fermented companies from exporting it. eventually they gave in. to go to thehard nsa and talk to them. in this case they surprised me. they said come down and talk to us. i spent a long

versus what is called muscular? the codenames for the program i described earlier where the government tapped into the traffic circulating among the databases, specifically apple and google. companies like microsoft and facebook assume the same thing was happening to them. upstream program i described where as prism was the downstream program where they compelled companies to give the information. host: american heroes has -- -- says -- guest: that is a terrific question. one part of the story we have not discussed yet is i called the nsa for comment. i said do you want to talk to me? i had written a book in the 1990's. i covered the crypto wars where about thea big fight encryption technology. for a long time the government fought it and fermented companies from exporting it. eventually they gave in. to go to thehard nsa and talk to them. in this case they surprised me. they said come down and talk to us. meeting with some of the top officials of the nsa, including the director at the time, keith alexander. in talking about that, it was really interesting to see how they saw the thing, how they responded to it. they feel they are misunderstood. think like the caller before that the nsa is watching everything