one order of fb at $40.82 and "nightline" is now a proud owner of facebook. woo hoo.like many fellow investors, we watched and wondered, what happened to the pop? you know, the sky rocketing profit many enjoy when a shiny new technology company comes to market? it turns out, just about anything that can go wrong with an ipo did. first the rush to buy in overwhelmed the computers and countless early investors had no way of getting trade confirmations. then after climbing a few bucks, facebook stock sputtered right back to near the original asking price of 38 bucks a share. monday and tuesday were even worse as more early investors began dumping their new stock. now we know why. you see, at some point in the last few weeks, facebook told their bankers that they were having a bit of trouble selling as many mobile ads as they thought they could this quarter. the bankers noted this downgrade in the mountain of required paperwork, but they may have also emphasized this point to a few friendly calls to a few special clients. so the gazillion airs in the know went into friday

ticker fb will hit the nasdaq today, offering price $38 a share.ough you may be paying twice that by the time it hits at the open. maybe around 11:00 we'll be seeing those first trades for facebook. >>> new evidence just released in the trayvon martin case that includes police photos of shooter george zimmerman with an apparent injury to his nose and lacerations on the back of his head after his tragic encounter with a florida teen. also surveillance video of martin making a purchase at a nearby 7-eleven moments before his fatal run-in with zimmerman. the official autopsy on martin showing traces of marijuana in his system. >>> john edwards' fate in the hands of the jury this morning. they'll be deliberating whether the former north carolina senator is guilty. he's accused of using campaign cash to cover up his affair. edwards' lawyer urging them to separate sin from criminal behavior. >>> and the staples center in los angeles may just be the busiest building in america right now, hosting six playoff games in four days. started last night with the

. >> reporter: they'll be traded on the nasdaq under ticker symbol fb but the valuation is 100 timesher than annual earnings. apple 14 times priced to earning ratio and it becomes clear it's not a sure thing buying fb will be a good investment. >> the key thing for investors is whether or not facebook can grow beyond now. that's the key for a company starting out with such a big valuation. >> reporter: but the company does have plans for the future. >> facebook's long-term goal is to try and be the gateway to the internet. >> reporter: and now the company will have the cash to help it achieve its goals. and mark zuckerberg is expected to ring the opening bell remotely from facebook's headquarters in california. even though the markets open at 9:30 a.m. eastern time, facebook shares aren't expected to start trading until 11 a.m. >> we'll know it all soon enough. thank you. >>> on the "cbs moneywatch," hewlett-packard is poised to slash thousands of jobs and postal service overhaul. ashley morrison is here with that and more. >> good morning to you. overseas tumbled on disappointing u.

the stock, fb, facebook, will start trading on the nasdaq some time after that.ce range for today's offering has been finalized. the current range $34 to $38 a share. it is possible the stock may price above that. facebook has refiled with the s.e.c. twice in the last two days increasing the amount of shares and the potential price. facebook is expected to raise about $18.4 billion in the ipo. making it the second biggest in history, but the largest internet ipo ever. we'll see, even that may change. we want to go inside the deal behind the numbers once again with kayla tausche, kayla. >> carl, 900 million users, 125 billion friendships. that's where the numbers story begins. facebook is planning to sell 421 million shares to the public, less than half of those the company is essentially creating. specifically for this offering. the other chunk from insiders and other investors who already own a portion. now, all told everyone involved will wake up tomorrow worth about $16 billion more than they have today. facebook enlisted an army of 33 banks to make sure that

i think the initial appeal of fbs afghanistan was xluftsty. if you watched the movie, they rolled it out at very exclusive schools and it was only available to college students. there was even sort of this class divide between myspace and facebook, and we know who won. because exclusivity in today's culture tends to be more marketable. so there is always a possibility that another company will come along and replace facebook. i think that will be difficult in the short term because of the adoption rate and how many people have already uploaded so much information and how integrated it is with other applications. but sure, if someone came on with much better technology, maybe something mobile and location-based that caught fire, then that could cannibalize facebook's business, potentially. >> do your parents in jackson, michigan use facebook? >> my father has dipped his toe into the facebook waters, but he is, as most people i think of his generation, very suspicious of sharing information about himself online. he's a quasi-public person. it's

has cleared facebook to start trading as fb, and the wealth truly begins. let's go to scott budman live outside facebook headquarters. scott, give us an idea as far as the excitement out there. >> reporter: there's a lot of it, scott. you know, the silicon valley as you know is known for starting early in the day. but there's been a lot of traffic coming in to facebook. this is not a day that any of the employees want to miss. after all, like you mentioned, the nasdaq is coming out to our neck of the woods. a bell ringing where ceo mark zuckerberg will open the exchange, a lot of people want to be here for that. in fact, a lot of facebook employees arrived last night to sleep over so they wouldn't miss this. facebook called it a hackathon, a chance to keep focus on what facebook does for a living, i.e., building out a social network and not worry about the ipo and stock prices and things like that. that said, there is a lot of buzz around here, not just on this campus, but in the entire community about the facebook ipo. the company as of last night because

. >>> por que algunos de sus amigos ponen todo lo que hace o lo que le pasa en twitter o fb >>facebookesta. >>> según cientificos , les genera decir todo lo que haces genera el mismo placer que el sexo. >>> (♪ ♪) . >>> antes de despedirnos tenemos información de último minuto. >>> bomberos tratan de apagar incendia , no duden en sisntoniasarnos. >>> muchas gracias y buenas noches. es mitad de semana vamos con la información ms importante por primera vez en la hioria de estados idos un presidente declara abiertamente su apoyoal matrimonio homosexual. >>denuncia de narcotrafico en altos funcionarios de hugo chávez. >>comenzamos. >>este es su noticiero unvion noctura >>hola que t barak obamae convirtio en el primer presidente estadounidenses en manifestarse a favor del matrimonio homexual pero muchos lo han calificado como una estragia para las elecciones >>y así como le reportara votos para las elecciones también le quitara otros >>barak obama echo marcha atrás en ser el presidente que abiertamente apoya matrimonio homosexual >>el presidente dice que su esposa y sus hijas tuvieron mucho

. >> facebook will be traded on the nasdaq under the ticker symbol fb. the company's valuation is 100 times higher than its historical earning. compare that to apple and it becomes clear that it's not a sure thing that buying fb will be a good investment. >> the koe -- key thing is believe it or not facebook can grow beyond what they have right now. that's the key for a company. >> the company does have plans for the future. >> facebook's long term goal is to try and be the gateway to the internet. >> how -- now the company will have the cash to help it achieve its goals. >> only 18% of the company is up for sale today. >>> air travel at bwi thur good more shall has reached a new high. more than 4.9 million people flew in and out in the first 3 months of this year. that's an all time high. the airport is hoping for more passengers now that baha amma air is offering direct flight ts. -- flights. >>> the number of lasers being shined into pilots eyes are being taken up. >> reporter: an investigation brought the problem to light here in maryland. now the u.

fb, the symbol for facebook., and at this point, it is not really much higher than that right now, only -- right now moving to about $38 a share, but it did have a significant pop right out of the gate. earlier on this morning, everyone here at facebook, all of the employees, got together, and they watched their ceo ring the opening bell. and this was facebook officially going public this morning at 6:30. ceo mark zuckerberg rang nasdaq's opening bell remotely from facebook headquarters here in menlo park. me social media giant sold the shares at $38 a stock. this will turn about a thousand facebook employees into instant millionaires, but impawn this historic day from facebook, no one on the company this morning is talking publicly. the one person who is talking, the mayor of menlo park. she told us a short time ago, she's thrilled that the home town company is being traded publicly. >> it just is wonderful to have facebook in menlo park. every time you hear the word facebook, you hear menlo park now, and i thin

our ticker symbol, fb as in facebook.rs, facebook becomes a publicly traded company. millions hoping the price is right for them to get in on it and make a little money. also, how to act human. advice for mitt romney from all people inside the actor's studio. this is going to be good. james lipton joining us in studio live. >>> we know we love him. heartthrob david cassidy is here. it is friday, may 18th. that song has been stuck in my head all morning long. "starting point" begins right now. ♪ >> finally she says. christine romans finally gets her steely dan in the playlist. our panel this morning, hello. good morning. you have john avalon here. senior political columnist at "newsweek" and "the daily beast." his wife, margaret hoover. worked in the bush white house and author of american individualism. hi, guys. >> good morning. >> so cute. and will cain columnist of blaze.com. good to see you all. and our "starting point" today, today is the day we've been talking about for days. it's happening. the ticker symbol fb wil

facebook begins trading around 11:00 under fb. after becoming the world's largest internet ipo there is no doubt facebook stock will pop, but the question is how much? and for how long? will it be able to buck the recent downward trend? broader markets will be under pressure after asian stocks plunged to the lowest level in six months this morning. a downgrade to greece's credit banking and banking crisis in spain are adding to concerns of a eurozone break-up. >>> in addition to europe's debt worries, weak earnings from caterpillar and gamestop were the biggest drags on the dow and s&p. the nasdaq was weighed down from losses from apple. >>> walmart impressed investors with the best results in three years. >>> improving sales at gap helped the struggling retailer overcome rising costs. >>> tough times at he with it packard have the company planning to go cut between 25,000 and 30,000 jobs from the workforce to fund more than a billion dollars in savings. >>> verizon wireless customers are in an up roar over the decision to force c

facebook will trailed on the nasdaq under the symbol fb. >>> . >>> let's talk about rain.got some on the way. good morning. looking westbound from emeryville this morning you can see the high clouds are coming in ahead of that next system one more check let's look down at south beach and parts of at&t park the full forecast in a second. going to be cool again and we did lose last night 2-1. feel sorry for cain didn't get much run support. today another day. high clouds coming in even as low clouds are being shoved from the coast increasing filtered sun this afternoon right now mid to upper 50s except los gatos, concord, antioch and livermore low to mid 60s. the cooling trend continues today mid to upper 50s monterey bay and inland. cool is the first word of our highlights. high clouds and sunshine this afternoon. thicker clouds tonight could drop drizzle north bay and at the coast showers possible tomorrow almost in the same areas. first compared to average three degrees cooler in livermore and napa at 70 and 71. san jose 69 four degrees cooler than average. sun will set 8

facebook will trailed on the nasdaq under the symbol fb. >>> . >>> let's talk about rain.we've got some on the way. good morning. looking westbound from emeryville this morning you can see the high clouds are coming in ahead of that next system one more check let's look down at south beach and parts of at&t park the full forecast in a second. going to be cool again and we did lose last night 2-1. feel sorry for cain didn't get much run support. today another day. high clouds coming in even as low clouds are being shoved from the coast increasing filtered sun this afternoon right now mid to upper 50s except los gatos, concord, antioch and livermore low to mid 60s. the cooling trend continues today mid to upper 50s monterey bay and inland. cool is the first word of our highlights. high clouds and sunshine this afternoon. thicker clouds tonight could drop drizzle north bay and at the coast showers possible tomorrow almost in the same areas. first compared to average three degrees cooler in livermore and napa at 70 and 71. san jose 69 four degrees cooler than average. sun will

abc 7 news has more of the company listed as fb on the stock market. >> facebook hype is constagis. it has serious investors paying attention. >> i work in heck. -- tech. >> and i have been hearing a little bit. here, there. i think i'm starting to get night. i got a facebook. >> the strip mall across the street in menlo park is full of hope. carey is hoping the new wel well -- wlth will trickle down. others expecting to see more flash and cash here once the company goes public. >> nice car. maybe more buildings. not sure, i think a lot of stuff will change. >> some observers say you can bet on change. for the good. facebook chief executive is expected to make billions of dollars and many believe he will be chairitable with his money. >> mark zuckerberg thought it's important to get back. and he made big investments in education. and he's given and pledged a lot of money. something he thinks is important. >> here is the message for employees today, stay focused and keep hacking. this is a poster, they're having a hackathon. it's an all nighter to work on a project other than what th

on his system page he listed fb on nasdaq. for the rate hike. >> i'm thinking about getting my own stocks. >> the pr people have said there will be no public events. and no celebration for workers but you can bet that they will be partying after work. >> thank you. how could face up continue to thrive as a publicly traded company? >> the executive director of c- net joins us with what is next for the new kid on the block. what do you think? >> this is where the pressure starts for facebook. they have to continue to prove to shareholders. their focus is shifting now, and someone is going from users, to shareholders because, like we mentioned, the have to make money. they need to prove to wall street that they can make money. and i think that you may see some significant changes to facebook over this next couple of months and years. >> what are those changes that use of my see? >> there's no question that you'll see more advertisements on facebook. you just have to. and because they're not making a lot of money on mobile adverti

one order of fb at $40.82. and "nightline" is now a proud owner of facebook. woo hoo. but dreams of a big bounce fizzled. there were glitches in trading. as the price began to settle, many wondered if facebook set the price too high. some analysts don't like the way they stack up against other internet giants. for example, facebook gets twice as many page views than google. but google makes ten times more revenue. why? well, because most people come to google ready to buy. so, when you put knee-high boots or pet monkey into that search box, there are guys with wear houlss full of boots and monkeys willing to pay google top dollar to reach you. but most people don't go on facebook to shop. they go to relax and socialize, so, if google is like a mall, facebook is like a park. and how do you sell the people in a park? billboards. banner ads. throw a few up, hope they catch a few eyeballs and hopefully those people are in the mood to buy. after initial resistance, zuckerberg does place subtle ads into your timeline, using your likes and dislikes. they are supposed to be cu

fb shares have tumbled nearly 20% since friday and now the social network's lead underwriter morgan stanley is under fire from state and federal regulators. morgan stanley denies claims it informed only select clients of negative information about the stock. >>> markets traded higher for much of the session, thanks to a larger than expected rise in existing home sales. that data lifted banking and housing stocks while materials were the day's biggest drag. today investors will keep an eye on a eurozone meeting over the region's debt crisis. u.s. oil futures slid to a seven month low after iran agreed to allow the u.n. to restart a probe into its nuclear program. the white house cautioned it would judge iran's behavior, quote, based on actions not just promises or agreements. after the bell, dell slumped 6% on weak earnings, weighed down by slow pc sales. elsewhere in late trade, best buy rose on better than expected ooerngs. -- earnings. ford is one against the owner of the blue oval logo after moody's upgrade theed the automakers's debt rating. they put assets up for a line of collateral i

in an amended s-1 on may 9th fb cautions the rapid shift by users to mobile devices could impact revenue growth. one month after having bought instagram for $1 million in an effort to boost the mobile presence. cnbc confirms at some point during the road show, research analysts at lead underwriter morgan stanley sharply reduced their fb revenue forecast. analysts at goldman sachs and jpmorgan did, too, according to reuters which says that info was shared with some investors. that's a big question here. who got the revised projections? two days before pricing, the price range is bumped up to $34 to $38 per share. then the next day the offering size is upped by 84 million shares to a total of 421 million shares. which priced the night before the ipo debut at the top of the range, $38 per share, raising $16 billion. and we all know what happened after that, brian. >> we certainly do. thank you very much, bertha. the reporter tracking the details of the timeline is alex debar of reuters. he joins us now from san francis francisco. great reporting. great story. it's got a lot of attention tod

today in one of the most anticipated public offerings in years, opening on the nasdaq under the symbol fb, but despite soaring expectations and some early likes among eager investors, facebook shares this afternoon closed barely above their opening price. it was a rough opening day in more ways than one for the social networking giant, and cnbc's maria bartaromo is here with more. good evening. >> good evening, thank you so much. it's just eight years after computer hacker mark zuckerberg sat in his dorm room in harvard university and created what is now known as facebook. today, he took the company public, and day one was a bit of a bumpy ride. facebook barely managed to meet its ipo price. ending a long and tumultuous day for the much hyped company. >> let's do this. >> it started with 28-year-old ceo mark zuckerberg ceremonially ringing a bell at 6:30 pacific time after staying up all night with employees at the company's menlo park headquarters. but the first trade scheduled for 11:00 a.m. was delayed by overwhelming trading volume that also swamped sites like etrade. >> facebook ipo

abc2 news sherrie johnson is standing by with what the fb-i plans to do to try to learn more about the technique and prevent it from happening for real. >> reporter: well, it's being called an incredible spy operation intelligence agents infiltrating al-qaeda in yemen trying to stop a bomb plot of a u.s. bound aircraft. the man has not been identified but authorities say the spy infiltrated the terror cell posing as a double agent emmett learned the plot got his hands on a bomb and left yemen with it. the fbi is investigating the device described by officials as an upgrade to the underwear bomb that al-qaeda attempted to use in the past. this is remarkable work given that al-qaeda usually carefully screens its recruits. >> it's an accomplishment to pass yourself off as an to the terrorists when you are working for a u.s. or ally the bomb in his original state before it goes off, u.s. experts now are able to figure out how the bomb works, how it might be detected. >> reporter: fbi agents plan to make a replica of the underwear bomb and send it through airport security to test the system

the symbol sb on the north side -- will be fb on the nasdaq. raising nearly $16 billion. visa was the biggest ipo with almost $18 billion. however analysts are cautioning the average investor not to fall for the initial reaction. >> it will be up from $38 and where it closes probably somewhere in the middle there and all bets are off. because the excitement will die down. >> facebook employees held an all night hack-a-thon where they are free to work on any project they choose. facebook posted these pictures which includes a question and action session from zuckerberg. many facebook employees will become instant millionaires. some have already begun spending their newfound fortune. a real estate broker has chalked up $1 million in sales in the last four months. some cashed in their share through private exchanges. >> we want something that is particular that is not there so we will place large ads saying dear sellers we will pay above market premium. we can pay all cash. we just went pent house condo. >> besides real estate, facebook employees are also buying up luxury ca

but he was on the fb a e's 10 most wanted list for the bombing of the uss cole which killed 17 american sailors and 39 others. the five as cused 9/11 al qaeda terrorist was disrupted their military tribunal hearing yesterday don't have another court day for five weeks. but the aftershock from their actions extend far beyond guantanamo. that's where chief legal correspondent jan crawford is tonight. >> reporter: the five 9/11 suspects sat silently taking breaks for scheduled prayers. but the hearing ended late last night with outrage. with family members watching from the back of the courtroom ramzi bin al shieb accused of helping facilitate the attack turned around with a smile and thumbs up. one family member responded to him with an expletive. the exchange captured the family's feelings of rage after watching the suspects sitting in silence. stonewalling the proceedings and refusing to look at the judge or answer his repeated questions. james connell the lawyer for accused moneyman called the respect's courtroom behavior peaceful resistance and said it was deliberate. >> i cannot give

listed as fb now officially. bell rang in menlo park earlier this morning remotely.y're officially going to start trading at about 8:00 this morning. live team coverage continues ahead. >>> new this morning, police trying to figure out exactly what caused a deadly crash in berkeley that killed one person sent two others to the hospital. "today in the bay's" christie smith is at the crash site where the investigation is far from over. >> reporter: good morning, jon. now it's getting much lighter out here, you can see how bad this wreck really was. police say it looked like the driver hit the curb of the traffic circle and then the car went airborne and hit the tree. they think that because the damage to the tree is so high up compared to where the car landed. three people in that car, one a female passenger died here at the scene, the male driver taken to hyland hospital listed in critical condition, and a child also in critical condition in children's hospital oakland this morning. this is allston way and california street. happened just after 1:00 this morning. firs

point during the road show research analysts at lead underwriter morgan stanley sharply reduce their fb revenue forecast. now, analysts at goldman sachs and jp morgan t prks morg p mor according to reuters who say this info was shared with some inve investors. that's the big question here. who got the revised projections and when? two days before the pricing the price range is bumped to up $38 from $34 a share. next day on the eve of the pricing the offering size is up by 84 million shares to total of 421 million shares. they priced last thursday night at $38. the top of the range. raising $16 billion. we know what happened on friday. after opening at $42 a share, this afternoon, closing down nearly 20%. the shares now are off again another third of a percent after hours. with sec chair mary shapiro testifying about things on wall street today, she told our eamon javers in washington that there are issues that need to be looked at, maria, with this facebook ipo and they're looking into them at moment. >> you know, it's interesting, bert bertha, because the deal is priced thursday night.

it's simple enough, fb. >> facebook's valuation is the third-highest ever in an ipo. two chinese banks were worth more. if you go by the amount of money being raised, facebook ranks third in u.s. companies. it trails only visa and a power company. >>> now, to north carolina, where jurors will begin deliberations today in john edwards' conspiracy trial. in closing arguments, prosecutors said the one-time presidential candidate, quote, denied to protect his political career. his defense attorney said what he did was a sin but not a felony. edwards faces up to 30 years behind bars if he's found guilty. >>> and an autopsy has confirmed that mary kennedy, the estranged wife of robert kennedy jr., died from hanging. and investigators are treating it as a suicide. in an interview with "the new york times," rfk jr. confirmed mary's battle with depression. but now there's a legal struggle over the details of her burial. >>> in new zealand this morning, police have filed criminal charges against a boston university student behind the wheel of a deadly minivan crash last weekend

bought their stocks before it hits the general market at $38 a sharement it will trade under the symbol fbe nasdaq. the offering value is facebook around $100 billion makes it one of the biggest ipos ever and there's enormous demand for the stock and also concerns about the facebook has a solid enough profit strategy. we will have to see if it ripples into the rest of the stock market. it has been a bad week. the nasdaq or rather the dow starts this morning at -- >>> hewlett-packard is considering a round of deep layoffs. the computer company struggled to cut costs and raise profits. publishes reported say it could slash 8% of the work force or as much as 25,000 jobs. >>> lawmakers would like to know more about the huge trading blunder at jp morgan chase. they are inviting jamie dimon to testify. they are discussing wall street reform and should hear directly from dimon about the $2 billion loss. >>> more passengers are finding ways to get around airline baggage fees. revenues from the extra charges dropped last year even though the toe that will number of passengers went up. that means tr

. >> the cia and other intelligence services had the would-be bomber under surveillance fb some time before taking him into custody and seizing the bomb that had been made for him. sources say the threat is far from over, that there may be other would-be bombers with similar non-metallic devices that could get through most airport security screenings. as abc news first reported last week, the plot led the u.s. to order scores of air marshalls to europe to protect aircraft. flights out of gatwick in britain and elts where, received 100% coverage with air marshalls on every flight, according to u.s. officials. authorities say the flot was foiled in time so that no flights were ever in danger. >> the u.s. government is saying it never game close because they had insider information. >> just and other intelligence serves said alsiri, once again was the mastermind of the plot. authorities tell abc news, the latest bomb was an improved version of the so-called underwear bomb, made only of chemicals and used by this man in a failed attempt to blow up a flight on christmas day in 2009. they

protecting u.s. 2re69s in the northwest passage in the arctic and in your view are we at some risk fb we fail to rat phi the treaty? >> one of the reasons there has been strong bipartisan support coming from alaska over the last decades is because they are truly on the front lines. we know there are natural resources that are likely to be exploitable, if we have the opportunity to do so. and so i think, senator, the -- you know, the fact that we are an arctic nation. the only arctic nation has not taken the step of exceeding to the convention, and thereby being able to demarcate our continental shelf and our extended continental shelf is seen in alaska as a missed opportunity, and a strategic disadvantage that is increasingly going to make us vulnerable as the waters and the weather warms, and there are going to be ships from all over the world, exploring, exploiting, fishing, taking advantage of what rightly should be american sovereign territory. and you know, nobody wants to see that happen. >> madam secretary, mr. secretary, and mr. chairman joint chiefs, i am grateful for your te

this could buy companies like kellogg's, heinz, and yahoo, shares will start trading under the symbol fb at about 11:00 a.m. eastern standard time. this continues to be the big news of the week and of the day. back to you. >> certainly here in silicon valley. thank you very much, seema. >> it is on all day long, and so is the weather. christina loren here to tell us about friday and the weekend. i like saying the weekend. >> and i like saying good weather in the silicon valley. we've got a good-looking day shaping up. wherever you're headed, you have a good-looking forecast for this morning. it actually feels kind of crisp out there. it's the coolest start we've had all week. and when you walk out your front door, you will be greeted by really comfortable conditions. but now, i will say it's going to be a little bit cold. if you're spending any more than an hour outside this morning, you will need that jacket. as we head throughout the day, though, by noon, temperatures climbing into the 60s and 70s and then we're going to round out the day with a couple of 80s on the temperature map. on

tomorrow morning, facebook debuts on the nasdaq under the ticker symbol "fb." suzanne pratt reports. >> reporter: you may spend a chunk of your time on facebook. but, it's unlikely you'll get even a morsel of the i.p.o., at least not at the offering price. that's because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they'll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. >> i think you could certainly justify that price if you have good assumptions about the company's ability to keep growing quickly and not hit mature growth rates too soon. >> s&p says, if history is any guide, similar i.p.o.s have debuted strongly in the last decade. >> the average first day gain among the largest top 10 technology i.p.o.s is about 31% gain on the first day. >> but, is facebook a "buy" at any price? that may depend on revenue growth from online a

this morning under the ticker symbol fb.fter becoming the world's largest internet ipo there is no doubt facebook stock will pop, but the question is how much? and for how long? will it be able to buck the recent downward trend? broader markets will be under pressure after asian stocks plunged to the lowest level in six months this morning. a downgrade to greece's credit rating and an escalating banking crisis in spain are adding to concerns of a eurozone breakup. >>> in addition to europe's debt worries, weak earnings from caterpillar and gamestop were the biggest drags on the dow and s&p. meanwhile the tech-heavy nasdaq was weighed down by losses in apple and qualcomm. >>> walmart impressed investors with its best first quarter results in three years. >>> improving sales at gap helped the struggling retailer overcome rising costs. >>> tough times at hewlett-packard have the company planning to cut between 25,000 and 30,000 jobs from its workforce to fund more than a billion dollars in savings. >>> verizon wireless customer

. >> do you know, are there plans to increase the size of the fshs fbs washington office?> i don't know of any plans, but on our website we track all of the spending by each company, and when you look at their graph over the years '09 is small, '10 is small. '11 is a huge jump. and they're almost halfway to their 2011 total so far this year. the trajectory is certainly going up. >> why is that, do you think? >> i think it's just sort of the evolution of a young company. they're finding out that they've got a lot of things that matter to their business that get talked about in washington. and when we look at what issues and what pieces of legislation they lobby on, there's a lot of stuff about privacy. there's a lot of stuff about internet security. there's a lot of stuff about intellectual property. these are increasingly important issues to them. as their company develops and they get more data, private data from users, it becomes a issue for the public and something politicians talk about. and for them not to have some sort of presence here doesn't make any sense. and yo