but don't feel too bad for dorsey.unched another successful start-up, square. >> twitter is focused around communication. this is around commerce. i think they're both fundamental to humanity. >> reporter: square lets any business accept credit cards through a square card reader that attached to smartphones. revolutionary for small businesses. >> it will go into the international company. >> reporter: today, he juggles two blooming brands. he stands to make $469 million from his 5% stake in twitter when it goes public. as for square, it processes $15 billion a transaction each year from the local coffee shops all the way to starbucks. valued at more than $5 billion, dorsey owns about a third of it. he also has his hands in video streaming service, a social media based online store. he invested early in the start-up, like instagram, kickstarter and four square. all together, dorsey is worth an estimated $1.3 billion, but his dream job, following in the footsteps of another billionaire turned mayor of new york city. >> d

twitter's co-founder jack dorsey may not be done with all things going public business. his other company squares in early talks about a possible ipo next year. squares allow reese tailers and merchants to accept credit and debit payments through a smart phone or tablet. >> it's a case of the it sounds too good to be true probably is. walmart says a glitch allowed shoppers to get great bargains on its website. treadmills going for $39 and pc monitors $9. it fixed the issue and is canceling any orders customers gt after the deep discount. >> crash now confirmed. >> you are witnessing history in the making. the olympic torch floating into the final frontier carried by a three-man crew including one american. you see them hooking up with the space station. they will take the torch on a space walk on saturday before coming back to earth on monday. for safety reasons the flame will not be lit on board that spacecraft. that makes sense. for the record this is the second time in history the torch has gone up in space. the torch flew back there in 1996 for the summer olympics he

jack dorsey had the idea of a way of communicating what you are up to. you can see from his original one page blueprints that it was a simple idea. yocan see that he was still a student when he came up with this idea. the only status options he provided were in bed or at the park. >> they wanted to build a technology that would connect them to their friends. to do that, they ended up tearing their own friendships apart. from the moment twitter was hatched, it became this thing that started to change the world. off with the rest of the world. each one of the four friends in it up pushing each other out of the company one by one. >> noah was the obvious candidate to become ceo. he was forced out in 2006. jack was forced out in 2008. shunted to a non-job and stop coming into the office. the price tag is somewhere around $15 billion. the model does not guarantee sustainable revenue. we are already getting hints of whatwitter might become. send someone coffee on twitter, or a token they can read team. then there is advertising. all of this depends on twitter

mc hammer as tweeted and governor brown and, of course, jack dorsey will tweet and what's important in the conversation that we had we said one of the bad things about social media it does allow you to communicate to people without talking to them. so finally today, we're going to use social media to increase conversations between grade school and high school kids and use this to stop isolation. i think today is a very, very important day and congratulations to you the ask the >> yeah. >> roll call, commissioner wood hollow? >> here. >> brandon? >> here. >> katz? >> here. >> murphy? >> here, approval for the minutes of the october 8, 2013. >> just one correction. >> sure. >> when i said, i put a restaurant up here at 39, that was 70, not 60. >> okay. could i have a motion for the amendment? so moved. >> all in favor. >> aye. >> aye. >> pledge of allegiance?

i interviewed dorsey back in march. here's what he told me about the start of twitter. >> i moved here in 2000, i realized i had this beautiful picture of the city, i could see like these swarms to the met when there was a show in taxi cabs, where i could see emergencies happen in real-time but i was missing the people. where were the people, what were they doing, where were they going. that's where the idea came from. what if you could, anywhere you are, just send out what you're doing, where you are, where you're going, and anyone can receive it. >> so that's the kind of language i think that probably infuriates some of his co-founders. who invented twitter? >> well, it certainly wasn't just jack dorsey alone. it was everyone that was in the room at the time. there were 12 people that worked at this company, a podcasting company that created twitter, but the real genesis came from dorsey and glass. they were drunk, they had been out drinking and dancing which was a typical affair in your late 20s out in san francisco.

jack dorsey's shares worth just over $1 billion.to be a billionaire with a value of his twitter shares and stake in square which may also go ipo in the next few weeks. dorsey loves to travel around the world. here's what i picked out. a g650. of course, dick's famous for his stylish glasses. i went out shopping, maybe warby parker. he could buy the whole company. some estimate its value at $300 million. none of those guys can sell them for another six months or so, but for now they're worth a lot on paper. >> that is a beautiful thing. thank you very much. >>> follow me, folks. one of these things these guys could do with their money is maybe pick out property out in twitter's hometown. san francisco. robert just told you about one who did. jamie is with mcguire real estate who is outside of twitter's headquarters. welcome. good to have you with us. >> great to be here. >> i'm delighted you are. less than five miles from twitter's headquarters where you are standing now. let's first check out some of the stats. $1.293 million. that

dorsey will own $6309 in twitter stock. and cofounder evan williams will hold shares worth $1.5 billion. stay with us if continuing coverage on the twitter i.p.o. with updates throughout the day. let us know what you think at facebook.com/abc7 news. bart managers face tough questions of safety issues. state lawmakers called an investigative hearing in san francisco following the deaths of two bart workers during the strike last month. to were working on the tracks when they were hit and killed by a train. we stay with abc7 news next half hour when katie marzullo will tell us the big tinge that the state lawmakers are expected to demand of bart at the hearing. >> officials say it will take a month longer than expected to complete the permanent fix for the giant steel bolts that snapped on the new eastern span. our media participate, the "contra costa times" reports the $23 million custom saddles are operational by january 8. officials hoped to be done by december 10th but they say fabrication was complex and took locker than

meanwhile, dorsey has a 26% stake in the company which could be worth as much as $845 million to dorsey. >>> investors are certainly hoping to cash in, as well. but the results for social media and internet ipos really have been nothing to tweet about lately. here is news about recent ipos, facebook down 21%, huge disappointment. groupon, 26%, pandora, 11%, and zenga, down 19%, so we'll have to see what happens on twitter. >>> and a major break on a missing sunnyvale baby, mesut guler took off with his baby, and was stopped at a checkpoint from lukeville, arizona, they say the baby is safe and apparently unharmed, we're glad to tell you. police say that guler disappeared with the baby yesterday in his suv and they say he threatened to harm himself and the baby if the mother called police. but the mexican authorities are preparing to hand over the baby to u.s. officials. >> they had stopped him at a checkpoint in mexico. and again, based on their interview with him they called the u.s. border patrol at lukeville. gave them the name, they ran the name in the computer system. they discover

and here with twitter co-founder jack dorsey. vivian tweeted, "today i rang the bell for hope and freedom." her twitter account has over 22,000 followers, and in fairfax, just about everyone knows the lemonade girl. >> i think it's a wonderful idea that someone so young can inspire people who are years older than her. >> reporter: vivian's company called make a stand," has an eye-catching marketing tool -- this car. her best buddy says pre-k is part of the team. audrey daniels did not see this morning's bell ringing, but -- >> i think it's really cool that she gets to do that kind of stuff because i think it's just her style of how to do things. >> reporter: and vivian's father says twitter sharing the spotlight with his daughter may turn her moment into a movement. i'm carolyn tyler. >> all right, thank you very much. >>> so who are the most popular twitter users out there? singer katy perry is number one with 46 million followers. justin bieber is a close number two. lady gaga has 40 million followers. president obama and taylo

square was founded by jack dorsey who is also a ceo. dorsey, by the way, cofounded twitter. >>> more bad news for tesla. another model-s electric car has caught on fire. this is a picture of it posted on twitter. it happened yesterday just outside nashville. the company says it was caused by a crash and was not spontaneous. this is the third model s-fire in six weeks. we're keying an eye on tesla's stock this morning. tesla's took right now is -- stock right now is down almost 7%, trading at $140.90. >>> nearly two-thirds of the new child booster seats earned a top rating from the insurance industry. 19 of the 31 car seat booster models were named best by the insurance institute for highway safety. that means they correctly position a 4-year-old to 8-year- old child to use the regular shoulder and lap belt in most cases. seats with high backs and those without backs performed well. you can see the rankings on our website at ktvu.com. click on the webb links section -- web links section. >>> happening today -- the biggest west coast coll

and here with twitter co-founder jack dorsey. vivian tweeted, "today i rang the bell for hope and freedom." her twitter account has over 22,000 followers, and in fairfax, just about everyone knows the lemonade girl. >> i think it's a wonderful idea that someone so young can inspire people who are years older than her. >> reporter: vivian's company called make a stand," has an eye-catching marketing tool -- this car. her best buddy says pre-k is part of the team. audrey daniels did not see this morning's bell ringing, but -- >> i think it's really cool that she gets to do that kind of stuff because i think it's just her style of how to do things. >> reporter: and vivian's father says twitter sharing the spotlight with his daughter may turn her moment into a movement. i'm carolyn tyler. >> all right, thank you very much. >>> so who are the most popular twitter users out there? singer katy perry is number one with 46 million followers. justin bieber is a close number two. lady gaga has 40 million followers. president obama and taylo

he's the guy that came up with the idea with jack dorsey.drinking and dancing and it was 2:00 a.m. and it was raining and he is going through a difficult time. and they were having a difficult time and jack talked about this idea, almost like an instant messenger window and no one had heard about it and tre were others as well. lou: they basically got this out of the old aol symmetrix? >> yes, absolutely. whatever it is that you want to put on there and jack had a great idea to pull it out and make it a website. but thers other things that existed, there was this thing called tech smart and they had this moment and he thought of you could use this rather than updating your status, to really connect with your friends, that was be a hot moment but was a part of it. >> we beganthe book by reviewing this wonderful scene in which all of the magic appears with the benefit of some slight inebriation. >> now these guys are also talking about this and so are they going to give him a little money? >> i don't want to give away too much of the book beca

before long, twitter took off and so did dorsey's profile although he has been accused of taking too much credit for what was really a group invention. >> what is your version of the creation? >> you know, there are so many -- i mean there are so many different stories it is not really the most important thing anymore. >> so would you say now i founded twitter or we founded twitter? >> it always has been we. >> it always has been we. >> yes. >> was that frustrating to you, though, to hear other people have different versions of the twitter creation? >> i mean, it is not -- it is not surprising, if we focus too much on that we are not going to move forward. >> the past is the past? >> the past is the past. the stories will be written. >> reporter: whatever the story, there is still a lot of room for growth. in a cbs news poll, only 16 percent of american adults age 18 and over say they use twitter. >> there are a lot of people out there who i think are still skeptical who still think who cares about somebody telling me what they ate for lunch. >> and it is of course not all about that

jack dorsey started half a million and seen the fort turns -- fortunes rising at that level.ks. that number is. number of happy workers going out of twitter. not offering in the way of color for us in person but taking to twitter, what else. tweeting out pictures of big party they had with giant screens watching new york stock exchange opening. stock exchange ringing the opening bell. early trades down there, watching the crowd down on the post on the floor where nicole was this morning reporting for us. a lot of hustle and bustle. a lot of happy folks wearing those bluebird t-shirts today. tracy: robert, stay with us. our twitter question just to reiterate, at what price will twitter shares close today and where will they be six months from now? if you know the answers let me know i will quit my job right now. tweet us and let us know. your answers will be on the screen throughout the hour. we'll take that question to rick who is still with us right now. what happens to this stock at the end of the day? first, let's start there. >> yeah i think we're not going to be able to

it is not jack dorsey.ve that challenge ahead of him. >> mark zuckerberg seems to have some thoughts on what twitter is, what it was, what did he say? >> he called it the clown car in the gold mine. he tried to buy the company twice but notice it was a very chaotic company and at one point he was in the dinner car with some friends and said it is such a mess, they drove a clown car into a gold mine. >> also told me mtv tried to get twitter to do a reality show in its early days. that did not pan out. a long list of people and companies that tried to buy twitter over the years. trying to create twitter tv with ashton kutcher, demi moore. and mark zuckerberg got scared, tried to buy it twice. liz: fascinating book. back in 2008 we had them on fox business. nobody else in the business network world wanted to touch them because they were not public and they were still forming but that is when you get them. it has been fascinating to see them grow. it is something fascinating to watch again just a few seconds aw

. >> this man, jack dorsey, who is also making news because of a report that his other tech company square may be thinking ipo. all signs that tech is hot and the money is rolling in. to give you some idea of the scope of today's twitter offering, the company becomes the second largest tech ipo ever. just behind facebook, but ahead of google. $25 billion. that's more than netflix. more than applied materials. more than the gap. >>> there's bound to be some backlash. a protest outside of twitter headquarters in san francisco today. working class residents are being forced out of their homes because of increasing rent. the group blames the city for giving companies like twitter multimillion tax breaks. >>> caleb levine is a junior in high school. he demonstrated how they work a the san jose international airport. he built two of them. the u.s. department of agriculture would use his invention to catch and relocate red tail hawks. >> this is something that was very interesting and not the ordinary -- this is very unique that nobody has ever done before. >> it will improve safety for aircraft

. >> square, the mobile payment company from twitter founder jack dorsey has revolutionized the way people pay for goods and services. valued at $3.5 as of september of last year with $550 worth of sales. >> pedigree of its founder and given that it's a technology that i think people are starting to see more and more. >> ceo of cb insights affirmed the insights. 2014 looks to be even bigger. >> the environment hasn't been particularly receptive to tech ipos for the last many years. there are a bunch of companies that had to figure out their business models, grow, now that the market is more receptive they'll start to trie to waters. >> a mobile app that allows consumers to order food from local restaurants nationwide. the company processes 130,000 orders a day, expected revenues of $200 million in 2013. the most valuable companies are likely to be like box, an internet company that focuses on businesses knot individuals as clients. a cloud storage company, allows companies to file their files securely. started by mark cuban. >> box falls into a number of sweet spots, cloud is a hot the top

take action on it immediately, anywhere they are in the world as well. >> twitter co-founder jack dorsey talking about his company's vision three months ago. this year's most anticipated ipo is a big win for the new york stock exchange. our bob pisani is at twitter's post, with the head of global listings. >> scott cutler is joining us now. excitement is building. traders are starting to move here, starring to gather outside the post. we are inside the post, not outside, we were inside. scott cutler is joining us, head of ipos here. there's the team putting together the book. can you explain what's happening now. how is this book being put together and determining what the opening price will be? >> we're inside post b. the designated market make extheemaker, their role is to run this and the lead underwriters will get this at the right price. >> they are going to be interacting with the designated market maker. this is a collaborative process, right? >> that's right. this is going to be the first time where the public has the opportunity to buy into the ipo. all of that order and interes

, the chairman, whatever his name is, jack dorsey, apparently he just like ignored us, you know?he's been on here many times. i really wouldn't put it on him. he's a friend of fox, that's why i think it's the pr people. regardless, foxbusiness.com, read my column -- >> isn't the, the bigger story -- liz: explains why you should be outraged. >> it's about journal im, it's about managing the news. i heard they had velvet ropes, these little areas. what is that all about? can you imagine that being me? liz: lucky you weren't down there. maybe they'll escort us away. i'll say this about the nasdaq and sometimes we've reported stuff the nasdaq didn't like, they have always given us access. >> by the way, do you think i'll ever be allowed inside the new york stock exchange? riz riz closing bell ringing in 28 minutes. patrick lo, chairman and ceo of netgear joining us for a fox business exclusive. he has no problem speaking with us. how he plans to keep his company and, trust us, you need what he does, ahead of the competition in the keeping the whole world wireless and yet connected. a

dorsey owned 26 percent of square which could be worth more than $800 million. the san francisco-based company's card readers are used in starbucks, taxis and more. >> new action is taken to reunite a sunnyvale mother with her baby after a kidnapping ordeal. the 2-week-old henry was taken by his father all the way to mexico where the boy was found safe. the dad was arrested. abc7 news reporter, matt keller, has the latest from sunnyvale. >> a spokesman with the district attorney told me in the past hour they are working on getting a flight for the mother who lives here to reunite with her baby in arizona and that could be why two workers from the district attorney showed up here and picked her up in the past 45 minutes asking the mother if she had her i.d. and ready to go and left in the car. no word on when the flight to arizona would take place. here is her two week old son, henry. the father was captured with the baby at a check point in mexico yesterday afternoon across the border from arizona. the mother spoke to us after finding out her son was safe. i am

jack dorsey is going to be on cbs sunday morning at 6 a.m. to discuss twitter's growth and plans for the future. >>> home depot doing serious repairs to its reputation. >> a firestorm of outrage on social media. >>> a startup that lets you share your car for free airport parking. how a bay area city says it's taking them for a ride. >>> now barbie is getting a reboot for dyinger moms. ,, [uncle]this is hopscotch,okay? uncle go one,two,one,two,one two,one. [niece]okay! [uncle]okay? [niece]one,two three,four,five,six,seven,eight! [uncle laughing] okay,we go the other way,okay? [niece]one,two,three,four,five, six,seven! [uncle laughs]there's ten spaces,you want to try again? [uncle]yeah? its reputation after posting what many are calling a ract kp >>> home depot is trying to rebuild its reputation after posting what many are calling a racist tweet. >> pretty upset customers. >>reporter: the tweet read, which of these are not like the others, while showing someone in a monkey seat in between two african-american drummers, the tweet backfiring tri

evan williams share is worth $2.6 billion and jack dorsey closed out at at least a billion. the executives have to wait 180 days to cash out. >>> president obama is now apologizing to americans who have lost their healthcare due to the affordable care act. tara mergener has more. >> reporter: for years, the president has promised again and again that no one would be forced off an insurance plan they want to keep because of his healthcare law, but more than 3 million americans have gotten cancellation letters. yesterday, the president apologized during an interview with nbc news. >> i am sorry that they, you know, are finding themselves in this situation based on assurances they got from me. we've got to work hard to make sure that they know we hear them and that we're going to do everything we can to deal with folks who find themselves in a tough position as a consequence of this. >> reporter: insurance policies that fall short of a new healthcare law standard are no longer valid. the president says his administration is looking at a range of options to help people whose ins

jack dorsey was excited.is first tweet seven years ago, saying just setting up our twtr and just tweet ad vine from the new york stock exchange floor. rainn wilson, the famous actor who loves twitter, said you should have offered the stock at 140 bucks a share. get it? the guy up ringing the opening bell, sir patrick stewart for twitter was honored to join the whole team. played off their hashtag, ring. reef rattner, former obama administration official, twitter opening at $45 a share, almost 50 times revenue. another tech bubble.tering and so, we also had another tweet. i don't think we have it now. a great picture after trader blowing a bubble, pink bubble gum bubble. >> will come back to haunt them. >> twitter ipo is some juicy fruit. so very mixed reactions there i think the steve rattner tweet is one of the most interesting, someone who worked inside the administration and -- liz: he had been a journalist for "the new york times." he is no dummy. he has been a guest on this show. show that picture again

. >> joining us live from bangkok, james dorsey. we are talking about the world of latin american soccer, we may come back to the middle east. first up, is brazil going to be ready for the world cup? >> i think at this point it certain is not going to meet the fifa deadlines. what is more important than this is in a world of popular discontent and lack of confidence in institutions, brazil is one country where protests focused on a major sporting event and on the role of an international sports association - namely fifa. >> what is going to happen then? >> on one level the brazilians will slip in terms of timelines for finishing infrastructure for the world cup. on a global level it raises the question of whether or not all kinds the rights, labour rights, human rights, gender rights should be part of the interior that a bidding country has to beat. that's the issue that's being discussed in qatar. it will come up with the world expo that was awarded to dubai. do you think attitudes will change. >> fifa was accused of arriving at th

but let's talk about the four founders, glass, dorsey, stone and williams.s company succeed, despite them, or because of them? >> well, one of the founders said to me that the company succeeded in spite of itself and i would agree with that. you know, these were four guys that came out of nowhere had no money and accidentally built something that changed the world. evan williams, he grew up in clarks, nebraska, a town, 262 people, and you can kind of see the way these people they came to the valley in search of gold money and essentially built this thing that has changed everything. >> i'm indebted to julia boorstin for some of these questions because she follows twitter, obviously more closely than i do. would this company be farther along or maybe even profitable, if the infighting, the political jealousies between the four founders, had been not so intense? >> i don't think so. i think that chaos is what led to the company being successful. i think you look at any company in the valley there's chaos throughout. it happened to apple, facebook, it's happene

. >> square, the mobile payment company from twitter founded jack dorsey has revolutionized the way people pay for goods and services. valued at $3.5 billion with sales around $550 million. it allows business owners to use their smart phones to accept payment no matter how small the company or untraditional the setting. >> i think square is one of the companies that will get a lot of fanfare given the pedigree of its founder and technology that people are seeing more and more. >> the ceo of cb insights is a firm that tracks ipos. he said 2013 saw a resurgence of tech ipos, and 2014 looks bigger. >> the environment has not been receptive to tech ipos, and many companies were forced to stay private longer figure out their business models, grow. now that the market is more receptive, many will be able to test the waters. >> seamless, a mobile app that allows the ordering of online. the combine company processes 130,000 orders a day for expected revenues of to 200 million. the most valuable ipos will likely be companies like box, a company that focuses on businesses not consumers as a client.

he cofounded the payment company square with co-founder jack dorsey, and now he's also a matchmaker.> we saw this huge need in st. louis that were over a thousand job openings. we also at the same time knew people who had program ming kills skills who couldn't get these jobs. >> reporter: he started launch code, an initiative he funds himself. >> we're taking programmers and we're placing them in jobs. and it uses peer programming where a programmer gets meshed with a working professional in the new business, and they work together as a team. >> he started launch code at the end of september. he invited local companies to apply and the response was overwhelming. so the program identified 100 small and large companies to participate in the initial first round of paired placements. >> i have a lot of connections with the start up community, and i knew they would be strong supporters every company we talked to said yes. getting a decision out of monsanto in three months is amazing, we got a decision in three days. they need talented programmers, and they're not getting them through the

and jack dorsey closed out at more than $1 billion. they need to weigh more -- wait more than 180 days before cashing out. >>> a new crime fighting technique. how this couple's dog helped to catch their killer when the trail has gone cold. >>> and is this smoking crack not bad enough, wait until you see the new video as one mayor is trying to explain and the advice from their mom. >>> the bay area woman behind this amazing or dance party that has a lot ,,,,,, ♪ hey, that's the last crescent! oh, did you want it? yeah. we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half. that's not half! guys, i have more. thanks, mom. [ female announcer ] do you have enough pillsbury crescents? so i should probably get the last roll... yeah but i practiced my bassoon. [ mom ] and i listened. [ brother ] i can do this. [ imitates robot ] everyone deserves ooey, gooey, pillsbury cinnamon rolls. make the weekend pop. female narrator: sleep train challenged sleep train challenged its manufacturers to offer even lower

and jack dorsey closed out at more than $1 billion. they need to weigh more -- wait more than 180 days before cashing out. >>> a new crime fighting technique. how this couple's dog helped to catch their killer when the trail has gone cold. >>> and is this smoking crack not bad enough, wait until you see the new video as one mayor is trying to explain and the advice from their mom. >>> the bay area woman behind this amazing or dance party that has a lot of people smiling. we'll be back in 70 seconds. over the next 40 years the united states population is going to grow by over 90 million people, and almost all that growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved into safe, clean affordable housing, places that have access to great school systems, access to jobs and multiple transportation modes then the neighborhood begins to thrive and then really really take off. the oxyge

evan williams' stock is worth $2.6 billion and jack dorsey closed out at more than $1 billion. the executives have to wait at least 180 days before they can cash out. >> nice. >>> tesla shares fell after a third model s caught fire this time in tennessee. wednesday's fire melted the front of the car you see here. tesla says the fire started after the car ran over a tow hitch. the company is now sending a team to tennessee to investigate. >>> two other model s cars have burst into flames in the past five weeks including this one near seattle after the driver ran over a piece of metal that apparently punctured the battery underneath. and this one is down in mexico after police say a drunk driver crashed into a concrete wall and a tree. shares of the palo alto-based carmaker fell over 7% yesterday to 140 bucks. that's on top of wednesday's plunge of some 14.5%. despite the drops, the shares are up 312% for the year. >>> 5:40. animal dna used to solve violent crimes in northern california. the new technique putting murderers behind bars. >> and a stunning reversal on plans to make

biggest winners were the company's founders, evan williams, whose stock is worth $2.6 billion, and jack dorsey. his shares are worth more than a billion. executives at twitter will have to wait 180 days before they can cash out. some analysts are urging caution about investing in twitter. scott, they point out, tech stocks often give up some gains in the weeks after their debut. >> pelley: elaine, thank you. a good day for twitter, and we learned today the u.s. economy had a good summer. the economy grew 2.8% from july through september. that was better than expected. thanks in part to americans buying more cars. the economy grew by 2.5% between april and june. today's good news got investors worried, though, that the fed might roll back its stimulus programs so the dow dropped 152 points to close at 15,593. today, a historic anti-discrimination bill passed the u.s. senate. 10 republicans joined the democratic majority to outlaw workplace bias against gays and lesbians. supporters said it would allow workers to love whom they chose without the threat of being fired. opponents said it could for

workers at twitter sitting on stock and the founders, jack dorsey one of them. tonight his twitter stock suddenly worth more than $1 billion. we asked him about the power of twitter and all those tweets from our "made in america" series. proof he says that movements are fueled by twitter. >> some grow very large and global and some stay small. >> this is not a small one? >> no. >> reporter: you might be wondering how will twitter make money for investors? they point to the companies buying ads on twitter. watch this. i'm on my twitter page @davidmuir, and i decided to search starbucks. i just want to show you what often happens. take a look at that. the first tweet that comes up is promoted by dunkin donuts. so dunkin donuts paid for their tweet to come up first even though i'm looking up starbucks. companies actually paying for placement. i searched starbucks there. dunkin donuts at the top of the list. diane, these are the tweets coming in to us as abc news is on the air tonight. i searched our names, too. the other brand names don't come up. we're safe. >> tw

jack dorsey another ceo, one of the other cofounders up 20% as well.ve officer doing pretty well himself. not doing too poorly after the big pop at the open. certainly holding onto some of those gains right now. definitely a lot going on behind us. appeared to be some sort of a large party set up here around the open time. nobody going in or out of the building around the time the stock began trading so everybody must have been waiting to see what was going to happen at the open. certainly the three gentlemen we showed you can't be too disappointed with the results at the moment. dennis: they're going to party like it is 1999. stick around for more. bring in the devils advocatt group, cofounder and gfi group director of trading. john, let's start with you. technically, do you like how the trading is going this morning? in the stock opened at 26 but now up $20, does it mean it should have been priced higher at the open? >> no comment with a great job by goldman sachs. they got the pop, it wasn't a debacle. we had no problems this morning getting those b

twitter is that it would never catch on and the number one important moment is jack dorsey sending outl tweak on march 21, 2006 and it didn't catch on until the so-called coming-out party. and coming up next, how you can test your dna at an affordable cost. any jobs report that the come out in the morning and analysts are not too pleased. at od, whatever business you're in, that's the biness we'r with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our sine. od. helping the world keep promises. if hey breathing's harde, know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obsucted airways for a fu 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotrium bromide inlation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble inating, an enlarged prostate. these may wors with spiriva. discuss all medicines you take, even eye dro

predict your chances of getting sic >> the ceo is jack dorsey, who also started twitter. >>> soon you might be able to predict your chance of getting sick. researchers are take ache tip from meteorologists and creating forecast models for the spread of flu. the models focus on humidity and the google flu trends, which track how many people are searching online for flu information shgs often because they're starting to feel sick. >> it's interesting and exciting. and i think it could be extremely helpful. >> last year, researchers successfully predicted the peak of flu season in new york city. to meteorologist paul deanno (((weather))) (((weather))) >>> paul is live in the embarcadero with ice skating, tree-lightning, and some fireworks! >> and we have the weather to talk about. what a great event this is going to be! we're going to have fireworks, are the lightning of the embarcadero center. more about that second. it rained a lot this week. very active weather. but now things are finally calming down. let me show you some of the peak wind gusts. these numbers don't happen every day.

which will cost some people their jobs in the united states in return for these other countries and dorsey in some measure of anti-consumer provisions that will keep drug prices high and will expand the the rights of publishers at the expense of consumers. peter on this issue of keeping drug prices high i don't think a lot of people understand. where of the patents that go into medicine and patenting surgical methods what are these documents show about how you know certain medicine as that. kryten the u.s. or surgical methods that are created in the us. aren't exactly going to be as available to other parts of the world that need them that's right well it's called trade agreement but really this is a secretive rule making against public health and it would lead to preventable suffering and death in asia and latin america while binding us consumers to high drug prices bad rules here at home there are a number of bad proposals that have been advanced by big pharma and as you mentioned includes incredibly patents on surgical methods on the methods that doctors are actually using on patients t

take a look at this, co--ounder jack dorsey has 23 million a share and that puts it at 610 million.o-founder evan million has 57 million shares and his stake is worth 1 1/2 billion dollars, 1.48 and the ceo dick costello has 200 million. and we'll update these live at the stock moves, have a lot of fun and live vicariously through the twitter millionaires and billionaires. guess what, it's not just twitter making headlines. obamacare disaster continues to roll onment new documents reveal that the website, the exchange website was only able to handle 1100 users the day before it launched and it launched anyway. the new numbers from fox news so much more of you keeping your coverage if you like your plan, so much for that. 4.2 million americans losing their coverage at least their current insurance. more cancellations are expected and remember the wall street journal story about the cancer survivor who lost coverage because of obamacare? she appeared on kelly file last night and here is what she had to say when she was asked about the white house who tried to debunk her story. >> that

the founders, jack dorsey and ed williams are now billionaires and there are 1600 more mill heirs living in silicone valley. but those are deserved. those are the rank and file engineers who have been working there tails off or their wings off, i guess. >> but is this company -- i mean, $30 billion, worth more than companies that actually make things? it seems to me like it's maybe -- and i love twitter, but maybe it's a little overvalued by the market? >> well, of course it's overvalued. but actually, if you look at the numbers, they could have made more and they chose not to. they sold 70 on million shares at $26 a share. they could have sold them at $41 a share. but they didn't want to be facebook. they didn't want to have the problems that facebook had. >> but even at this valuation, it seems to me like twitter has to make a lot of profits, it has to grow far more quickly than it has to now, and thaits that's going to be difficult. as much as journalists love it, a lot of on people are puzzled by it. what is it? it doesn't feel like something that's central to their lives. >> i was t

i love your story about jack dorsey.out in the valley, everybody is hugging. >> smoking weed. >> they may be, but they are just as aggressive and cutthroat as anybody in a bank. >> look at facebook. look at the stories of the people that got pushed out there. it was a successful hollywood movie what happened on facebook. >> that's one of the interesting parts about what i found interesting. you look at mark zuckerberg and he escape and built facebook. these guys are very flawed human beings. one of the things that is fascinating is they were all kind of loanly and they had a connection to technology and wanted to use that connection and iter to them apart. >> as superficial as possible. >> yeah. >> whose big idea was it? >> that's the story. jack said this was his idea, but the book told the story as if it was multiple people's idea. about 12 people in the room and the moment it was hatched was jack dorsey who came with the idea to share your status. they were in a car one night drunk in february of 2005 and they were ta

washington boulevard at dorsey run. reisterstown road at driid hill. -- druid hill. this traffic report is brought to you by don white. check out the famous don white difference. at don white timonium chrysler ram. >> clear and frosty night on tap. look at the temperatures. already down to 39. it's just going to get colder tonight. but the winds will be dying down. winds only 8 now. barometer rising. come back and take a look at a big warmup beginning tomorrow. big warmup beginning tomorrow. for intelligent life. for a greater purpose. for our elusive soul mate. it's a journey enriched by the people we know and the things we share. shouldn't our searching online be the same? we think so. you see, while you've been busy creating social networks, we've been hard at work - expanding search to include social media. only at bing do you see what the web knows, what we know, and now, what your friends and the world of social media are creating moment by moment. all there. all in one search. it's a whole new world giving you everything you've been searching for. expand your

dorsey, i could not be happier than to have you standing by my side tonight.hank you, golf. -- doll. [applause] and to our five children who have been involved in this campaign since day one, i want to thank dori, jack tom mary, sally, and peter. [applause] all seven of us are so incredibly grateful to the most teamng volunteers and leaders ever assembled in the history of the governor's campaign. [applause] just as i walked appear, they .ave me the final numbers since january you have not on 2.5 million doors and the commonwealth of virginia. you have to pause for a second to comprehend such a large number. the truth is that i got a lot of my energy from seeing you all working so hard. when i came to a campus kickoff or phone bank, i saw so many of me going me up, kept 100% during those 16 hour days. thank you. we love you, and you are spec pakula. [applause] i know all of you gave up time from your family because you believe this election was so important. think you so much, and i want all of you here who worked so hard since this campaign began to give your