edward lawrence has more from the company's headquarters where many employees are now very, very rich. >> reporter: facebook ceo mark zuckerberg rang the nasdaq opening bell from the company's headquarters in california. [ cheering and applause ] thousands of employees packed the square to celebrate the company's initial public offering. many of them are freshly made millionaires. the offering price was $38 a share. the ipo makes the social networking site worth $104 billion. >> the prices are going to shoot up right away and then shoot right back down. i don't think it's worth buying shares right now. >> reporter: there's new problem with -- pressure with that much cash. the 28-year-old zuckerberg will have a network of almost $20 billion. he will retain control of the company. facebook has 900 million users, the company's challenge here at their headquarters so get more and -- is to get more and find new ways to make money. analysts say facebook wants to be a one stop destination where users get directed to website tailored to their needs. >> facebook's long-term goal is to try and

edwards lawrence reports from the company's head quarters in california where many employees are already very, very rich. >> facebook ceo range the nasdaq opening bell from the company's head quarters in california. thousands of employees packed to celebrate the company's initial public offering. many of them are freshly made millionaires. the offering price was $38 a share. the ipo makes the social networking site worth $104 billion. >> i don't think it's worth buying shares. >> the bigger you get the harder it is to go fast. >> he will have a network of almost $20 billion. he will remain facebook's largest shareholder. >> facebook has 900 million users. the company's challenge is to get more and find mu ways to make money -- new ways to make money. analysts say facebook wants to be a one stop destination. >> facebook's long term goal is to try and be the gateway to the internet. >> to show they're series facebook programers stayed up all night at the annual hack a thon to come up with the next big idea. >> facebook is one of the few profitable internet companies to go public. recently

edward lawrence reports for wjz, from facebook's headquarters in menlo park, california. >> reporter: facebook's california headquarters look like a party on the day the company went public. after a half hour-delay, facebook stock opened in the late morning. more than 80 million shares traded in the first minute. the price moved higher before settling back down near the $38 listing price. earlier, facebook's ceo, mark zuckerberg, rang the opening nasdaq bell. >> i want to say to all of the people out there who use facebook and our product, thank you. >> reporter: the social networking site is worth more than $100 billion, making it the most valuable company ever to go public. but zuckerberg said that is not the goal. >> our mission isn't to be a public company. our mission is to make the world more connected. >> reporter: facebook has 900 million users. but now it has to turn a prost -- profit. >> this gives them a larger line. >> reporter: zuckerberg now has a net worth of $20 billion. and many employees here at facebook's headquarters, are millionaires. >> reporter: facebook users h

>> chris lawrence in guantanamo bay, thank you very much. >>> other news, a former adviser to john edwards has testified that he repeatedly urged the candidate to steer clear of reelhuree rielle hunter. later to be revealed to be her mistress. edwards refused and then told him to back off. prosecutors say edwards broke law by accepting money from donors to pay for her health and living expenses. >> there are a bunch of fools, says the escort whom the secret service probably wishes it could forget. dania suarez said she's the one who got into a fight with an agent in a colombian hotel over $800 he supposedly owed her. that snowballed into a massively embarrassing scandal for the embassy. she said she didn't even know the guys were agents at the time, and they didn't seem too concerned about their own security. >> translator: of course, at that moment, if i had been a member of one of those terrorist gangsuric would have been able to get everything. just like the newspapers say, i put them in check mate. they're a bunch of fools. they're responsible for obama's security and they still let th