the company is best known for internet games farmville and mafia wars. they are especially popular on facebook. it's preparing to kick off a much-anticipated roadshow to investors on monday. shares are expected to price on december 15. zynga filed for an initial public stock offering of up to $1 billion a few months ago. it's the most hotly anticipated tech i.p.o. of the year, after groupon. >> susie: as we spend more and more time online on sites like facebook and twitter, tonight's commentator says our real lives and our online lives are merging. he's harry lin, executive-in- residence at idea lab, a technology incubator in pasadena, california. >> there's an acronym used by some tech geeks called i.r.l. it stands for "in real life." you type "i-r-l" when you want to distinguish between the mediated, anonymous world of the internet and, well, real life. kind of ironic, huh? there's a fascinating tension in the internet between "real life" and our virtual lives. an increasing number of news- and-editorial sites force you to use your real identity if you

are investors reaping farmville's harvest? we'll have the numbers when we come back. and the death penalty suspended in california. why a judge has effectively stopped all lethal injections. >>> hi, i'm meteorologist lawrence karnow in the cbs 5 weather center. high pressure overhead, we'll talk about the forecast coming up next. facebook games "farmville" and [ ringing ] >> the san francisco-based company behind the popular facebook game farmville and "words with friends" you in them, that company launched its biggest internet ipo since google. shares of zynga opened as much as 10% above the offer price but rolled back below the price in the first day of trading. analysts say it shows investors are concerned about zynga's dependence on facebook as well as its growth aspects. >>> well, the stock market is following in sync ga's lead apparently -- zynga's lead apparently. it start off strongly but pulled back. down nearly 2 at this hour. >>> and just blocks away from where san francisco "occupiers" protested against what they call greedy executives sits the highest pai

i was not the person i'd be addicted to farmville. i made fun of it. it's an easy thing to make fun of. i had to review the ipad app and i got sucked in. farmville was one of the globally successful facebook game. these are buildings that i created. it's almost like you are playing with a doll house and you build your world. the more you come back, the more money you make to raise animals and crops. i can exchange real money for virtual money to buy these goods more quickly. if there's any company that's printing money, it is zynga. >> i paid money for virtual goods that have absolutely no bearing on my real life. i can't reconcile that. that's their business model. this is cityville hometown, zynga's most popular game. has 53 million active daily users. it is much more task and goal oriented. that means that the game is easier for people to pick up and go because it has more clear objectives. you have a post office, a bike shop. the more you build your city, the bigger it gets, the more people you have. you can build towns and businesses. this is word

they are best known for the farmville, social media game and mafia war. free to play but users pay a few cents to couple dollars for virtual items. while the company has been criticized for being too depend on facebook it claims to have 223 million monthly users. investors and some employee will become instant i p o millionaire at least on paper. >> debris from the march tsunami in gentleman nann now reached the west coast. more than 7000 miles away a black floating mass equal to the size of 55 gallon drum has washed ashore on a beach at the northwest tip of washington. tons of it is expected to turn up from california to the alaska over the next year. debris can of course include portions of cars, homes, l furniture basically anything that floats. >>> here's something put new the holiday spirit. phenomenon gaining traction nationwide this christmas season. people are paying off lay away balanc balances for total strangers at stores like target and wal-mar wal-mart. in the latest act of generosity a woman walked into this store in indianapolis and made th

they are best known for the farmville, social media game and mafia war. free to play but users pay a few cents to couple dollars for virtual items. while the company has been criticized for being too depend on facebook it claims to have 223 million monthly users. investors and some employee will become instant i p o millionaire at least on paper. >> debris from the march tsunami in gentleman nann now reached the west coast. more than 7000 miles away a black floating mass equal to the size of 55 gallon drum has washed ashore on a beach at the northwest tip of washington. tons of it is expected to turn up from california to the alaska over the next year. debris can of course include portions of cars, homes, l furniture basically anything that floats. >>> here's something put new the holiday spirit. phenomenon gaining traction nationwide this christmas season. people are paying off lay away balanc balances for total strangers at stores like target and wal-mar wal-mart. in the latest act of generosity a woman walked into this store in indianapolis and made th

not yet trading but this is debut day and the maker of citiville and farmville.iced at the upper end of the range allowing zynga to raise a billion dollars. it will trade under the ticker. znga. we've had people on bloomberg television saying the company is overvalued we'll see what the market thinks. stocks doing well. we are looking higher across the board. bloomberg index up more than 1%. one california start-up floating a new idea, blue seed wants to dock a ship off the coast where foreign entrepreneurs who can't get visas can stay while they try to create the next google. it will dock 12 miles southwest of san francisco bay. [ unintelligible ] founder of a palestinian is leaving -- found are of paypal is leaving. >>> what a difference a day makes. yesterday we told you about the thieves stealing $700 in donations during the franklin middle school band's biggest fund er of the year. they've received the money back and then some. more than $3100 of donations have poured in. the money will be used for new instruments and uniforms. the thief hasn't been caught.

the maker of games like citiville, farmville, mafia wars and other online games priced its ipo today at $10 a share f all goes as planned, zing ga's will be the biggest tech ipo in terms of money made since google. >> we believe in social gaming. we believe that this is the way that more than just us in this building but everyone around the world are going to embrace play in their lives. >> reporter: zing ga will be the latest in a line of recent tech ipos. some, like linkedin, exceeded expectations, others like groupon, have come up short. many stock watchers will be looking at sing ga closely because it is part of a social networking space and if it does well, you can expect the frost surrounding facebook's protesting stock offering to bubble up even more. janelle? >> scott, thanks. >>> today, the war in iraq is officially over. over the past nine years, 4500 americans and 100,000 iraqis have been killed. $800 billion spent. on the outskirts of baghdad, a few hundred troops attended a quieter is mope, watched the official u.s. military command flag if put away. a sign iraq is now a

cityville, farmville. i don't know where people find the time to play these, but very strong demand. interesting note, it only makes revenue from three ways. it has 200 million monthly users but 3% of those are the ones who sbie and product finding out huge numbers to use and confuse. >> and a looking up at scriscri's civil war. sli lacka's report it looks up alleged wrong doings by -- if necessary the perpetrator's prosecution. i'm joined by colombo by our correspondent. i don't think we should be too surprised that the -- >> something largely. i think the background to this was this was set up by the president. and the rhetoric used from the outset is it beat a scurge of terrorism. so going to great linux to avoid civilian casualties, i guess that shouldn't come as a big surprise, but reporting specific incidents, and they site a woman saying the navy deliberately shelled the boat in which she and others were in trying to escape the lagoon. >> and in this case it's other areas. it's not the government's

turns out there really is billions to be made from farmville cows and crops. >> people paying off layway balance for complete strangers that is spreading ♪ [ male announcer ] it's easy to see what subaru owners care about. ♪ that's why we created the share the love event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. ♪ with your help, we can reach 20 million dollars by the end of this, our fourth year. [ female announcer ] get 0 percent apr financing on select models for thirty-six months and we'll donate two-hundred and fifty dollars to your choice of five charities. >> really eye opening figure we want to pass along. one in 4 children in the bay area goes hungry. you can do something about it. today abc 7 news kicked off the 20th annual share your holiday food drive. here's a look at who is benefi benefitting when you do tonight to the santa clara county food bank. >> when the economy started going down a couple years ago and somebody in my position it can be hard. when you have a big family you have a growing teenager boy, you are a boy you

the maker of the popular facebook games like farmville and mafia wars are worth $9 billion. zynga is set to start trading on december 16th. back to you guys. >>> ready for the bay area as well. >>> it is 4:46 now. had a great weekend. we're curious what's going to happen the rest of the week. >> finally we get a nice break. no wet weather in the forecast no. major wind to report. we will see a couple cold nights. if you have agricultural interests, you want to stay privy to the weather report. temperatures are going to drop to the 20s for three or more hours in many many cities throughout the bay. bring in the sense plants and pets. variable winds in santa rosa. we look good across the board. 20 miles per hour sustained wind speed. it's a little gusty. the wind advisory that was in place has been canceled because the winds are starting to relax. expect breeze vi conditions throughout the hills today. you'll be using the heater through the next couple of nights. very cold conditions. temperatures dropping to the 20s. by wednesday a little bit of fog returns. the clear skies m

the company, known for its facebook games like farmville and mafia wars, is expected to be the biggest internet i.p.o. since google debuted in 2004. >> tom: a potential blow for the controversial energy drilling technique known as "fracking." the environmental protection agency today issued a draft report showing fracking likely polluted a small wyoming town's drinking water. the e.p.a. found benzene, alcohols, and glycols in the town's aquifer, the report said. industry groups claim that fracking has never polluted water supplies, because the drilling occurs far below the water sources. >> tom: new data on california's economy shows just how hard the state was hit by the housing bust and the great recession. just under half of california families were middle income last year-- that's a new low for the state, and it was far below the national average of almost 55%. meanwhile, 36% of california families were considered low- income-- earnings below $44,000 a year-- and just 13.5% high income, earnings more than $154,000 a year. >> susie: and finally, for the first time in 86 years, coca-

which explains why today all my farmville animals migrated to friendster.ld a reindeer race friday night. and of course it happened to be right when my grandma was crossing the street. that's right, there was a reindeer race on friday. the runners included dasher, dancer, prancer and the winner of the race, mutumbay. >> tonight he welcomes lewis c.k. and aretha franklin. that's late night with jimmy fallen week nights at 12:35, 11:35 central time on your local nbc station. >>> i'm for your first look at entertainment news. talk about biting the hand that feeds you. piers morgan sounded like anything but a fan of celebrities. he told england's inquiry into media ethics he never authorized phone-hacking and blasted celebrities who used the media for publicity and exposure and then whine about privacy. >>> gerard butler is recovering after a weekend surfing accident in which he was dragged over rocks and held under water. >>> after internet death rumors, jon bon jovi posted a shot of himself on facebook and twitter, with a sign reading heaven looks a lot like

zinga is going public today with farmville, cityville and words with friends, the game that alec baldwin was playing during his flight dispute last week. the company has quickly became a powerhouse. it could raise a billion dollars by the end of trading today. >>> if you're still shopping for those holiday gifts, today is a great day. it's the fourth annual free shipping day with guaranteed delivery by christmas. more than 2,500 online merchants will take part. it could surpass cyber monday as the biggest online shopping day of the year. >>> good news to report on the jobs front. the labor department says the number of americans filing their first-time claim for unemployment benefits last week totaled 366,000, the lowest level in three and a half years. >>> betty, you remember the ruby red slippers worn by judy garland in the movie "the wizard of oz." had he will be auctioned today. she clicked her heels to return to kansas in the famous movie. they are expected to fetch more than $2 million. that would be a conversation piece. >> oh, yeah. i remember as a kid watching that and just want

sink garros to fame making games for facebook, farmville, mafia wars and words with friends this morninguess public, big. opening price set at $10 a share there are 100 million shares for sale which makes for a one billion dollar ipo that's the minimum. some say the price could go up once trading begins. either way the debut is expected to be the largest since google which raised almost two billion dollars seven years ago. they excited saying the ipo gives social media more street credit. something finance the chronicle is reporting that the zynga ceo and other company officials are going to ring the bell from inside their san francisco headquarter there's morning. usually companies are invited to new york to do that. a couple times a year nasdaq does do a few remote. katie marzullo. >>> 4:50. state officials set to announce the latest california jobs report this morning. the state unemployment rate has dropped two straight months officials hoping that trend continues. employers in california added nearly 26,000 jobs in october causing the state's jobless rate to fall to 11.7%. right now

zinga is behind farmville and mofia games. >>> the biggest changes for facebook of the new product roll out ahead in eight minutes. >>> on wall street, signs of strength in the economy inkhaouding positive earnings results from fedex helped push them higher. >>> the labor department says applications for jobless benefits fell to the lowest level. claims dropped to 366,000 last week. california had the biggest increase and 28,000 laughs in the worker secture. >>> workers were back on the job today for the first time since mondayy's occupied brow kaeud. they lost three -- brigade. the company has a trust and cargo shipments are resuming, one said she understands the cause but wonders if the protestors realize that people live at the park and people can take their business to other ports if problems in oakland persist. >>> after more thaniate years the war in iraq came to a low key ending today. they addressed baghdad. >> to all of the men and women in uniform today. your nation is deeply in debted to you. you have done every r -- everything that your nation has asked you to do and more. >

. >>> 54 million people a day logon to a game like farmville. eight other smaller companies are expected to ipo this week as well. recent it tech ipos may have been making stocks a lot of money but not necessarily you, the investor. pan dora, if you bought on the very first day, you would have gotten it around $16 but you can pick up a share of pan dora just under $10 these days. groupon out of chicago, a ver volatile stock. and you did just fine on linked in if you bought it at the early price of $45, now trading around $71. amazon says it will soon send software to its tablet to make it more sxonsive, kindle fire, after reviewers called it slow. "new york times" going as far as to mention the kindle fire in the same sentence as the etzel and new coke. if all you want is something to read books on, there is a cheaper kindle. overall, not bad. back to you. >> scott mcgrew knows what he's talking about. thanks, scott. >>> holidays are sure to be awkward for a pennsylvania family. a man is charged with disorderly conduct for publishing an obituary

from company that makes the popular game "farmville." >> well, clearly there's a bit of disappointment that we saw it come out to the market at the top of its range at $10 per share and be unable to defend that price across the day. >> susie: it's "nightly business report" for friday, december 16. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. one of the most sweeping fraud cases brought in the wake of the subprime mortgage collapse was filed today in washington. the securities and exchange commission charged six former fannie mae c.e.o. daniel mudd and freddie mac c.e.o. richard syron the collapse of fannie mae and freddie mac is projected to cost taxpayers $124 billion. are fighting the charges, which syron's attorney calls quote, "fatally flawed." >> reporter: s.e.c. lawyers say, around the time the housing bubble peaked, fannie mae and freddie mac executives used misleading definitions of subprime loans to hide the truth from investors. >> as they were

reporter: now, investors are eagerly waiting for tomorrow's debut of zynga, the gaming company behind farmville, mafia wars, and words with friends. zynga is likely to be the biggest internet i.p.o. since google went public in 2004. but darren chervitz, co-manager of the jacob internet fund, is not a fan of the offering. >> certainly, the largest red flag that we see with their strategic and operational plan is the fact that they rely almost exclusively for their revenues on facebook. 90-plus percent of their users-- 50 million plus every day, but they almost all come on the facebook platform. it's a big problem for the company. >> reporter: zynga's stock performance tomorrow and in the months ahead will be watched closely on wall street. it's viewed as a barometer for future tech i.p.o.s, most notably facebook, which is expected to go public next year. if facebook does go public, it will be one of the biggest i.p.o.s in history. among the other big names in the pipeline are luxury travel bag maker tumi, organic macaroni and cheese manufacturer annie's, and yelp, a local reviews site. what's in

the san francisco company is best known for the popular facebook game "farmville" and "words with friends." >>> the stock market follows zynga's lead. it started strong but pulled back. news out of europe not so great today. belgium's credit rating was downgraded and ireland's economy shrank again more than expected. >>> a holiday reunion for one boy and his father today. 5-year-old jacob got a surprise during class in sacramento this morning when his father unexpectedly showed up. look at his face. jacob's dad is a u.s. national guardsman has been in afghanistan for the last year. wow. >> it's been so long, i couldn't remember what you look like. >> yeah? >> in the army. >> jacob said he was so overwhelmed he didn't recognize his dad at first. wow. >>> well, tonight we have a new look at that chimney rescue in stockton yesterday. the fire department released this video. it shows firefighters inside the home as they worked to free an 18-year-old from his family's chimney. a relative told fire crews the teen got stuck while trying to sneak into his home but his mother says he was just clea

farmville is expected to have its initial public offering on december 15th.he price range is expected to be around $8 to $10 a share. zinga would jump to $10 billion if it sells at that price. >>> chewing gum could help put you on the road to success. a new study has found that gum actually boosts students' performance on tests. researchers at saint law lawrence -- saint lawrence university found those who chewed gum before a test got better marks than those who didn't. previous studies found physical activity boosts brain performance, but experts say the study proves even minor ago -- activity can make a difference. >> but it is hard to pick off from the bottom of a desk. >>> one on one with tony larussa. coming up, life after baseball. >> and the holiday spirit appears to be anything but for hollywood this weekend. why it is shaping up to be the worst weekend at the movies in years. >> and finally, the bay area is seeing a few showers out there this evening. we'll look at live doppler 7hd, and we'll show if you your neighborhood is getting wet. also look at

you never would have to do another farmville request. the fewer friends you have on facebook the fewer you would have in real life. >> maybe that's the point. people don't like human friends. is facebook now becoming the place you stop by once a month instead of like every day? >> i like people on my facebook page. they are on my show. however, you brought up muscular legs. when i get pictures of certain muscles, that's when i de -- de friend people or family members. i had family members who wanted to friend me because i have a show called "the five." >> they are going to call me every four letter word in the book. >> i bet you get a combo. a ron paul supporter that sends a jpeg of a certain muscle and then asking for money. >> recognize me and my muscles? >> i used to be proud to be around you, but here is a picture of my muscles. >> you just told everybody about -- i'm sorry. i'm very sorry. >> are you a regular facebook user? >> i go on and i click because i am trying to get people to come to my come de shows. -- comedy shows. >> peo

scott mcgrew says the maker of farmville continues to wilt on the markets. what's going on with zynga? >> zynga can't get anything going. the stock price sank in the first full day. down another 45 cents to just over $9 a share. we've seen other stocks alter, like groupon. zynga has never traded higher than the ipo price. otherwise fairly quiet on the markets and quiet in silicon valley. next week will be more quiet. many companies started a week's furlough between christmas and in year's to save money. several have kept the tradition going. >>> a website where santa sends a child a personalized message. take a look. i hope you've been a good little boy. right now you are 7 years old. is that right? >> so that's pretty cool. jacob, who is 7, is a clever kid. upload a name and free details. you can include what they really want want for christmas. you can also say if they've been naughty or nice. the website is portablenorthpole.tv. if you're going to tell santa your child has been naughty and sit them down. you can really do that? i'm going to say you have d

he says farmville has peaked.y are scheduled to offer 100 million shares at price between 8 and $10. they are launches what -- launching what it calls meet and peek. they picked the people they sit next to on a flight based on similar interests. travelers will be able to link in profiles to their online check in information but they can also choose not make their profiles publically available. >>> it is money for freedom, how google puts its money where its mouth is to help end freedom around the world. >>> getting busier, a problemmed spot in the santa cruz mountains. . >>> welcome back, dow jones industrial average down 50 point, down to 904 and federal reserve is not doing anything about europe's debt problems but there are some things coming in that could help things out. >>> and there are millions joining the fight for modern day slavery. google is doesn't -- google is donating to help fight human trafficking. it is the largest corporate grant ever devoted to help fight slavery. >>> let's go to sal for traffi

they're behind addictive games like farmville and mafia wars. 230 million people play zynga games each and every month, providing the company with rings of online data and activity. filings say the company collects enough data from users fill the hard drives of 45 laptops every day. >>> it's 5:55. the holidays are supposed to be the happiest time of the year. for hundreds of foster children it can be a painful reminder of what doi don't have. alternative family services in san francisco helped 500 foster kids every year. counselors there say this is the most difficult time of the year for kids. >> everybody has their new toy, new shirt, sweat e pants, shirt. some of our foster children are embarrassed to say they're in foster care and to not be able to receive something like all the or children. it really impacts their self esteem. >> directors say they're trying to make sure every child has a christmas gift. the goal is 3,000 gifts and $10,000. art lovers getting a closer look at the planned museum. they were inspired by the landscape in the surrounding bay. the 20,000 foot expansion

they make words with friends, farmville and other popular games. >>> on wall street stocks came out ofhe gate strong but the rally fizzled. the dow dropped two points, the nasdaq boosted and gained 14. >>> a medical marijuana club near sacramento made an unusual gesture today. it gave away marijuana. the shop is going out of business. it's one of several clinics around the state closing after the federal government cracks down in october. more than 100 people lined up to receive the parting gift of one gram of marijuana. members say it provides much needed relief from their ailments. >> very been opened up and this is works for me. >> they offered discounts on larger quantitiys along with food for those who showed up. >> a single mother here is asking big corporations to have a heart. >> this little boy was shot and killed three weeks ago. today his family laid him to rest. tonight how a community remembers him. . >>> new at ten it wasn't the holiday feet greeting she hoped for. a walnut creek woman came home to a eviction notice. how one late payment can send a person packing. . >> re