charlene lee is the founder and ceo of altimeter group. fast company called her one of the most creative and most influential women in technology. thanks for being with us. joined by john swartz of usa today and ralph needleman of c-net. as we get ready for the facebook ipo and everybody talks about the pop or expectations, implied in there is that facebook has somewhere to go, that this is not the end of facebook in the end of wen site. there is growth ahead. what do you think the growth is? >> if you think of the advertising market it's still nascent, especially in the social space. all of the money spent in facebook today is advertising. it's marketing, promotion, advertising and all the touch points. customer service, innovation. they're hoping to tap into working with users to understand touch points and working with with the company as much as advertisers who could be interested in reaching users. there is a lot to growth. we're at the beginning of this. >> do we get the feeling facebook know it is plan, that it has things that it's

here's charlene lee weighing in. >> as a leader, it comes from your source of ceredibility. obviously his credibility has been shot to pieces. >> charlene will be on press here this sunday. something called the volcker rule will go into effect. it prevents banks from making certain bets with your money. the kind of bets that can go terribly wrong. the kind of bets that jpmorgan chase just made. >> good morning to you, scott. that's exactly right. the banking sector in focus today after jpmorgan shocked investors by revealing it lost $2 billion of its own money on bad trades in the global credit markets. ceo jamie dimon staked the bank's reputation on a good balance sheet. jpmorgan shares dropped sharply in after hours sessions last night. we saw the asian and european markets lower today and the u.s. futures are lower ahead of the open, as well. meantime, in the u.s., data on inflation as well as consumer sentiment. and yesterday, we saw the dow snap a six-day losing streak rising 20 points to 12,855. the nasdaq slipping one point to 2,933. and other stories, who's buying vid

here's charlene lee weighing in. >> as a leader, what you rest on comes from a source of credibility. do you have credibility with your investors? with your employees, with your team, with your board? obviously his credibility has been shot to pieces. >> charlene will be on press here this sunday. that jpmorgan chase debacle weighs in on bank stocks this morning. big question in the back of everybody's head is did other banks do the same? and the financial times reports the ftc investigation into facebook's purchase of instagram could delay the ipo at facebook. the ftc routinely investigates large purchases by companies to make sure anti-trust laws aren't broken. and i know what you're thinking, how can the purchase of an iphone app violate antitrust. it's often on the lookout for companies buying little companies that they see as a threat as a way to knock off competition. that's probably what's going on here, not that facebook did that necessarily. but that's what the ftc wants to see -- >> and that's the zuckerberg made on his own. >> he's never been hot on this ipo to begin with.