we are joined by james bevan. james, i remember you coming in the morning facebook paid $22 billion for whatsapp. we talked about how crazy this all sounds. would you invest in something like this? guest: i would make two observations. the price tag has been knocked up from a relatively small capital raise. of few people are able to participate early in the party. they believe they will make a lot of money on such a small sum. the other big issue is trying to understand how these people are going to monetize their brand value, how they create profits for shareholders. many of us were very surprised how successful companies like facebook were. they can drive cash profits from a consumer benefit. jonathan: i made a comparison before we started talking between the valuation of $19 billion, and i could buy tullow oil, morrisons, royal mail, all three companies. if i offered you snapchat, which would you choose? guest: i'm interested in free cash flow yields rather than hope value. i like the three old players. there i

the mayor's point man on homelessness, bevan dufty-s here to discuss the new program.come. >> thank you. >> well, how will this one-stop center work and how is it different from initiatives in other cities? >> well, let's just think about the fact you can see a police officer, let's say, talking to a homeless individual who might have a shopping cart or a tent and possessions or an outreach worker. that individual's not going to be able to go to shelter. the three big things that prevent people from accessing our shelter system is possessions, partners or pets. and so what we are really trying to do at the navigation center is reach out to the long-term homeless who've been in encampments in and around our neighborhoods and the street and take away all the reasons why shelter might not work. the navigation center is only going to be for stays of three to ten days. we'll only have 75 people there at any given time. but we'll make it simple that people can bring their dogs, their possessions we'll be able to let them store them and go through their things -- >> so basica