>> clearly the sentiment on groupon is negative than the same groupon i'm looking at, what i saw is aess as a transition to the poll marketing model where consumers choose from 95 deals on the website versus on a e-mail. clearly this is a transition. 9% activity, that's a good number. i don't think the market is giving them enough credit. i'm confident you're going to see the domestic results improve as the year progresses. >> billings were up almost 30% year over year. they -- granted they had a loss but better than expected and revenues beat. i understand the valuation is rich here. but why is it just the space in general that's getting obliterated. >> i think you have to look at the categories. google scaled back its offers. amazon local is something but not something significant. what you're seeing is a company to position themselves in the next five years to a lot of other things. earlier this week they announced they're going to try to sell more bulk merchandise similar to what amazon is doing with its amazon pantry. if five years from now it's still a deal to get you to a resta

disney, groupon and whole food.ll bring you the numbers live as soon as they hit wall street and how that could affect your portfolio. >> and up next, remember the day that wall street fell over a cliff and came right back. it happened in a matter of minute, four years ago today. >> we're down 500, almost down -- >> no, we were down 900 points plus in total. dipped below 10,000 again. we had a very nice bounce off of the worst levels. does that tell you anything? >> yeah. we'll talk about lessons learned since the flash crash and the chances that history could repeat itself sooner than you think. back in a moment. back in a mome. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranke

and groupon. -- trip advisor and groupon. how are you feeling right now as the s&p 500? >> the action is fine. we're coming into this looking for a bigger market correction in march and april. really what you got, you got a correction in time and not so much a correction in price. in other words the big indices as s&p and dow they held up pretty well over the last two months. small cap and mid-cap names got hit pa little bit harder. there were more severe profit taking in some high flying groups like internet as you guys mentioned. also biotech. there has been a lot of rotation underneath the surface. think all in all stocks are holding up pretty well throughout the season. david: considering growth figures. dan, focus on that for a second there. dan, turns out, may be, not all the figures are in when we heard the, .1% growth isn't bad enough, maybe that we actually had a negative growth in the first quarter. aren't those growth worries something that keep you up at night? >> yes. that would be so

on groupon,wner this will be a good program for. changing oversimplistic.we remove bearish -- the barriers. >> if it is so easy to switch to solar, we will take you at your word for that, especially if it comes to know upfront cost, why aren't more people doing it? >> it is a lack of education. most of the u.s. and the world thinks of solar as solar equipment. they do not think of it in terms of a payback. very few people think of it as buying energy. there is no investment, you just get cheaper, cleaner energy. this for sixdoing years and have less than 1% penetration. local homes do not know that. they do not understand that. it is hard to communicate that over a tv ad. they get it want to explain it to them. once you explain that they are just paying for the energy, not the equipment, they like it. >> between solar city and groupon, i am sure you have time to answer the question as to where you're going to get the most uptake. rudy's think it is going to work the best? -- where do you think it is going to work the best? that wel of the states operate tod

the big fall being led by groupon.lightly better-than-expected results late yesterday but being punished for lackluster second-quarter guidance. i will get a quick look at groupon for the moment, 24% at the moment. about 21%. yahoo is tumbling about 6%, now officially announced alibaba ipo. this is a major stakeholder. more than 20% stake. they were smart enough nine years ago to buy up a chunk of alibaba. alibaba has announced its ipo, we will get the impact on that in just a moment to get clarity of how much money this company could really race. twitter falling once again down another five.33% after getting smacked to the two and lower. today it hit a low of 29.51. the first time it had gone below $3 per share since many months. investors are also losing their appetite for non-internet and high tech stocks. whole foods plummeting 18 and three quarters of a percent. natural and organic food giant cutting saying that they were overly optimistic about the competition from likes of walmart family had struck deals with he

it's the groupon goods and so forth.nk the addition of sabre, which is somebody i've talked about for a long time will start bearing positive, and at 540 or so, i like it to hold five. >> i think the vulnerability below 5, you can't potentially sale it go -- this is a company that that they don't know what they are. they went from a daily discount company to now they're a goods company, they're selling razors now. they want to be like amazon. they're going to have to go out, they're going to have to spend a significant amount of money. they did that by buying that south korean e-commerce site, and the proof is in the profitability. when you look at the eps, it went from seven cents up to nine cents, 12 to 13, now it's moderating back down again. the reason it's moderating is the margins you cite are not going to be there. they have to spend. this is a dpee that is in distress. >> tell us who you think won that debate? tweet us, use #bull or #bear. we'll give you the results quickly at the end of the show. >>> we'll take

why are you down on groupon? >> groupon is going through a business model transition. they're trying to break out of the local daily deals business into the goods business. maybe they'll succeed in doing this, but that's an awfully competitive field. you mentioned one company that's going public in that field, amazon and ebay. you're going unagainst entrenched competitors. it will cost a lot of money to make this transition. they're already talking about it's taking longer than they thought. i think it's a questionable strategy on their part, and in the meantime they've got very little cash flow or earnings growth and it still trades at a bit of a premium valuation. >> mark, thank you very much big with us. >> there's russia, nigeria and venezuela. michelle caruso-cabrera is monitoring those flash points for us. >> we have the map ready to go to explain exactly what's going on and how they might impact the market, sue. all that and more when "power lunch" continues after this break. the competition tomorrow requires challenging your business inside and out today. at co

>> well, this is not about groupon, it's about belly.yalty is a powerful platform and i think way beyond belly, loyalty in general is what merchants of all sizes are searching for. it's about taking your existing customers and making them more profitable, more repeated and more loyal. so that is what it's all about. >> logan, we talk often about how the small business recovery has taken a little bit longer than some of the bigger names. but i'm just wondering, to use your product you need a qu code, a tablet. are you seeing small businesses across the united states willing to make the investments to sign up for belly? >> small businesses know 80% of their revenue typically comes from 20% of hair custom their c. so ensuring they come back more often is the key driver to successf success. and belly provides everything the company needs. we provide the ipad, all the physical cards and place them in our mobile app. so it's a full all in one solution for businesses. >> there are lots of rumors out there about various tech companies jumping in

now they're offering discount through groupon so basically it is free solar energy?> this is the problem i'm having. buying solar panels is about as easy as comparing insurance policies. just nuts. because one company says, we'll give you, you buy this and $30,000 for your panels and government will give you a credit for that. then they come along say, no, but we'll provide the panels, you lease the panels and somehow later on, if you don't lease it is on your house, very confusing process. and why would you want a discount on something that is already not going to cost you anything? melissa: yeah, steve moore, bus it reek of desperation or make you nervous something already seems like kind of free they're putting on groupon which makes it even more free? i don't know. >> great question. if you look at the statistics on the subsidies to the energy industry, you know the president's always talking about get rid of oil and gas subsidies. i'm all in favor of that. just give you a sense how highly subsidized that industry is, for every dollar of subsidy goes to the oil o

one of the reasons you have one of the analysts being a believer in groupon.ting with his ceo saying that basically they can deliver, thinking that the back half of the year may be good news for groupon if they can bring it with a local growth in north america. having growth on the good segment, right? achieving better margins in that area. ultimately saying that this selloff may have been a little overdone. he maintains his $12 price target with a buy rating. so there are some believers in groupon despite the fact it had a tough week and don't forget year-to-date it is down close to 50%, liz and adam. liz: buying opportunity some would say. thank you, nicole, very much. adam: s&p futures are closing. we want to head back to bob iaccino in pits of cme. bob? >> we're seeing very quiet into the close just like when i was talking to you a few minutes ago. there is not that much going on from volume per perspective and momentum perspective. i think this week played itself out. we're in a bull market. the correction if needed will come quickly. people keep powder d

you have groupon, disney, whole foods coming out.sney in particular looking for big numbers from them. full analysis coming up. and we are watching what is happening to the big board right now. you get a lot of pressure with the small-cap names, a lot of mixed corporate news. we're watching merck. concerns of the european market close to the downside. and watching commodities. you don't want to go anywhere. david asman coming in and we will cover the big announcements coming in after the bell. "after the bell" coming right back. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable u

you can see there groupon down about 1.3% ahead of that report.o end with two video game makers out with their results. investors are looking for act vision blizzard to make a dime in terms of per-share earnings on sales of $688 million and forecasters are saying 11 cents on sales of $812 million. certainly a busy day after the bell, especially when it comes to all those consumer discretionary names. we'll have the results on "closing bell." scott, definitely stay tuned. >> we certainly will, dom. thank you so much. >>> guys, disney? who wants it? >> i'd be a bull on disney, absolutely. you look at disney, the content. the movies, the television, and the theme parks combined. i think disney is ready to go up in tesla's highs. >>> speaking of earnings, murphy and pete, moments away from duking it out over whole foods. that's just after the break. >>> plus, the future of wall street is here. we'll meet the winner of institutional investors student portfolio competition. he's up more than 40% over the past three months, and he's going to reveal -- th

groupon down eight percent. the markets are still open, so we will have to see where it falls today. what makes twitter different? >> i did not expect this at all. >> we spoke with adam nash who manages portfolios for twitter employees and they said they were not going to sell. >> he was wrong. also said the first day lockup expires is the worst day to sell. what's interesting here is twitter employees from a we are in a new era here. one of the things that's different is twitter employees have had the opportunity to sell for a long time before the ipo. there was a secondary market to help this sort of control the market a little bit. they limited the ability for them to sell, but unlike ipos for the last 20 years, you have an active market. maybe more than groupon and zynga and may be about the same as facebook. they also had an earlier lockup for employees to cover the tax bill that would have resulted from the ipo. lockup that left the nonexecutive to sell that, there were half $1 billion in shares. the old s

to acquisition will be key their video business, as well as program ad buying. >> number three, grouponnd-quarter earnings that came in below estimates, overshadowing a surge in first-quarter sales that exceeded estimates. sharesg in 2013, groupon went down 43% this year. >> electronic arts, the videogame maker, fourth-quarter profits beating analyst ,stimates for a new generation electronic arts announced a share repurchase program for may, 2016. >> number one, whole foods market. posting second-quarter profits to trailed analysts estimates. slashing the forecast for the third time, citing a rapidly changing landscape, shares plunging as much as 18% in early trades. as if on cue, there is the opening bell. [opening bell] i want to bring in a strategist from jones trading. is stillis that there time to be there. it is still a bearish market right now. or is it the opposite view? are we still in the throes of a old market right now? let me play for you what he said. continue to be under allocated in equities. if you look at the driver of markets, the cost for earnings, the past 17 quarte

groupon and yelp and pandora. for most part of down arrows. all with down arrows.oupon is squeezing down gain of 1/3 of 1%. yelp despite being down it had a big gain yesterday. still higher for the week and this worked for yelp. back to you. melissa: nicole, thanks so much. this weekend is the annual berkshire hathaway shareholders meeting. about 35,000 people are expected to attend warren buffett's big event. our very own liz claman in omaha, nebraska. she is joined by nebraska governor dave heineman. it all begins. so exciting. liz: right here and exclusive with the governor. this is unbeliveable, governor heineman. this is the only shareholder meeting on the planet that makes money surrounding cities and areas. you never hear about this. it is incredible. and we're here to tell people exactly what dollar amount that cops into the nebraska and omaha economy. you know now. >> liz, first of all, welcome back to nebraska. always great to have you. this meeting means 50 to off million dollars to the omaha and nebraska economy. so many people want to come here and be

company shares for groupon are down 40% since the start of 2014.uary, the discount's website forecast a disappointing profit for the first quarter due to higher cost for acquisitions and marketing. wall street will be looking for insight into how executives plan to turn groupon into a broader service. i'm alison kosik in new york. >>> we turn now to the scandal surrounding donald sterling, the disgraced owner of the los angeles clippers. his estranged wife says she supports the league's decision to appoint a new chief executive office tore the team. >> that comes after he was banned from the team for life for makes racist life, all caught on tape. and the red bull company that makes those energy drinks is resuming its relationship with the team after cutting ties over the scandal. >>> one thing missing from shelly sterling's statement, any mention of a possible sale of the team. the nba commissioner is pressing for it. >> but other owners have to sign off on it. if it happened, the question is, how much would the clippers be worth? >> reporter: we

>> goods and services groupon. we got groupon's numbers. there is the bid and ask. a little bit hire. i wanted to show everybody that. david: "the willis report" will take it from here. see you back here tomorrow. thanks very much. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," four years since the "flash crash" rocked the markets. why has nothing been done to stop it from happen happening again? >>> also, can you live without credit cards? our cash challenge participants are back. >> went to costco today with 160 toll lars and my coupon book and we'll do our monthly costco shopping. >> americans have a costly new piggybank but may leave many without retirement savings. we're watching out for you on "the willis report." gerri: investors took a stomach churning ride when markets had the "flash crash." it was down a thousand points in course of a few minutes of the warning, it could happen again at anytime. that is because the america sure taken four years ago did little or nothing to address the real cause of the problem. for more we hav

and groupon sells off as investors hear of heavy losses. electronic arts was a bright spot in the bunch, soaring 21% on better than expected earnings. the transportation secretary is making a call about-- gm's 2.6 million recalled cars. the decision is.... it is not necessary at this time for gm to order owners to stop driving. an attorney has been pushing for the automaker to demand drivers put the cars in park because of fautly ignition switches that can suddenly cause the car to shut down. gm dealers are said to be replacing the switches free of charge. in today's cover story, a rising investment trend--restoring and renting historic or architectural gems. homes that may have seen better days are being fixed up to share with the public looking for a luxury getaway. in chicago's northernmost neighborhood, rogers park, the home architect frank lloyd wright designed for emil and anna bach in 1915, opened in may for public tours after a two-year restoration that's still going on. and that's not all--it's also available for overnight lodging

and groupon... which are all holding steady -- despite some having a rocky start -- and that's giving the market a green light to keep speeding ahead in the ipo fast lane. john malloy of blue run ventures says his firm is poised to take advantage of the momentum for start-ups in the mobile sector and technology. he's one of 32 venture capitalists surveyed to determine the 'silicon valley v-c confidence index'... which registered 3.9 out of 5 points... approaching values it hasn't reached since a university of san francisco professor began collecting the ratings and comments 10 years ago. "vcs have been able to take more firms to public offering, to exit, which makes more funding available for the next round of innovators." bob ackerman of allegis capital is also funding those innovators... especially in the cyber security... cloud computing... and big data arenas. but he's not in any hurry to cash in on all the liquidity in the market. "if history teaches us anything, it's taking a company public pr

groupon reported a quarterly loss. it wasn't as bad as analysts were expecting. revenues came in better than expected. the online deal site issued a light second quarter profit outlook. so shares initially fell after the bell. during the regular session, the stock was off by 2.5% to $6.72. pandora's listening hours were up 30% in april. the radio company saw its active listeners incress last month. the investors didn't seem impress. shares tumbled 9%. >> office depo closing 1400 of its stores over the next two years as a merger with officemax. it says the close years will save the company $70 million by the end of 2016. the office supply chain posted better than expected quarterlys. shares up 16% today to $4.83. shares of delta took off after the airline announced it will hike its quarterly dividend 50%. they are launching a new stock boy back plan to increase returns for shareholders. the $2 billion boy back will be completed and the stock rose a fraction to 37.69. shares of corinthian colleges plunged. after the company says it is reporting its options and weak

inking mthe companies, like twitter and groupon were overvalued and they are being properly readjusteds, like google, facebook, ali baba is in the middle. they are giant colossi that will continue making money. it is not one uniform landscape. >> what about amazon? the more it sells, the lower the margins go. amazon's growth strategy is andorget about profit to dominate. they are doing well with it. at some point, they have to make profit. talked to a security analyst she asked me -- do we need another amazon? >> everybody needs competition. amazon has caused walmart to get better. we need competition. alibaba will wring more competition. that is a good thing. >> speaking of e-commerce and they way you get stuff done, the media landgrab continues. what does a ramp-up in mergers mean for your cable bill? we will discuss, coming up. ♪ >> coming up, janet yellen will be tested by -- will be testifying on monetary outlook. that will begin at 10:00 a.m. eastern time. this is "bloomberg surveillance." i am scarlet fu. >> she is a very real person. i want to share something that, at tension.

i want you to check out shares of gruppou groupon. they tally a first quarter earnings per share loss of 1 cent. how could you lose 1 cent on 7 $757.6 million in revenue? also, video gamemaker activision blizzard and electronic arts both moving higher. activision reported profits of 19 cents on 772 million in revenue. both numbers blowing away estimates while electronic arts reports a profit of 48 cents on revenue of $914 million, which also topped expectations. is that a large part of the new xboxes and the new play stations that have come out? is that what's driving this video game activity? there was a lot of pentup demand, people were holding back on buying games. >> before the new consoles came out. >> are you a video game guy? >> i'm not, not anymore. i'm wondering if the games for the consoles are 49 bucks, 59 bucks. you can get ea apps for the ipad or android for 10 bucks. you wonder if the volume, throwaway games, play them for two months. >> activision, electronic arts, they make money on the ipad. that's not the big part of

groupon is down 22%. it trailed analyst estimates.y said they will make a move .o more than e-commerce sale one company that is up today. herbalife is up almost four percent. stock fromed to buy bank of america. shares will be determined by the average price during buyback. they expected to be completed by the end of the second quarter. the company wants to spend its dividends, and i am sure you will remember. the company is famously up against a $1 billion bet. why did they suspend the dividend? in part the federal trade commission looking into the accusation. >> also they have more money to buy back more stock. that was the stated reason for suspending the dividend. >> that i back has gotten the stamp of approval from carl icahn. he tends to like these. the stock is down. >> whole foods is down 19%. the largest natural goods retailer fell the most in seven and a half years. >> we are going to take a look at those numbers. number three is allergen. not much change. they reported they beat estimates. been hurting that offer. >> aol sh

groupon, xanga, that happened in the public market. that is painful.ype cycle get so far ahead of reality it comes into equilibrium. we're are seeing that happening for some companies today. >> you mentioned fire eye. is that even worse because it is insiders? >> there are all kinds of reasons. if you haven't made any money and your 29 years old, you want to get some liquidity, it goes back to the hype ahead of reality. if you took a line and drew it from when someone join twitter four years ago to its valuation today, that is a massive win. in between then, that hurts. >> how do you see this playing out? how bad is it going to get? >> i don't think it's going to get that bad. i call it a mini correction. you have massive new markets. transformative things happening in tech. moving computing to the cloud. moving storage to the cloud. great new businesses being created. over time that moderates companies that got ahead of themselves. >> you are seeing companies it bought. oculus virtual-reality, beats being bought. what you think of that? >> the oculus,

ok, you also have a trade for us on groupon. those shares are down about 50% in 2014.rategy. >> it's a probability play, again. level inbreakdown 2012, a breakout level in 2013, and now we get that six level. i want to buy this stock five percent lower. i sell the puts for june, taken $.35. the low for the year is $5.19. if i don't, i get a five percent return on my risk in 30 days. it's a pure probability play. i want to be in groupon. did not make new levels of volatility even though the price hit new lows. that is usually a sign that the bottom is coming. blockbuster 2013, one hundred 42%. >> it is very much a momentum stock. but from a value standpoint, buying this stock at five dollars $.65, how much downside is their? the upside target is $10? i am positioning for that if and when it comes. >> thank you so much. we are on the markets once again in 30 minutes. money clip is up next. >> welcome to "money clips." we are taking a look at today's menu -- world violence is spreading in eastern ukraine. we will spend the day in the city. we will hear from the ceo. the p

andtate, whole foods groupon reporting after the close. >> let me do a data check. futures are up three. the euro impinges on european exports. nymex crude under $100. the next showing a good feeling in the equity markets. the euro -- stronger yen. markets in a jumble. let's get to front page. we have some news right now. >> merck has reported the sale of its consumer unit to bayer of germany. point $2 is 14 billion. >> richer than expected. >> merck will update its guidance. this collaboration includes a $1 billion upfront payment to bear. terck will make an upfron payment to bayer. >> there have been a couple of different vendors. you have to wonder what some of them just hold out. this is why hate pharmaceutical deals. i cannot pronounce anything. coppertone and claritin. >> that is with the businesses. expects a boost of eight to $9 billion. bayer will go after hawaiian tropic -- you remember when you use to put coconut butter. >> of people would put on all of oil because they want to be tan. lp, put foil on it. >> this was an entire semester of school. >> we wi

groupon can bring people in. have local bloggers come tine taste the coffee, experience what's different and then amplify the message to their network. it's important. >> these are word of mouth, right? >> absolutely. i think the number one marketing campaign for a coffee shop is having good product. which is if you have good coffee and a good location, good experience people will talk about it. you want to get the word out besides one customer at a time. the younger the more intimate relation in terms of marketing. if you have been around you can use news letters and other things. you need to be super local, you need to talk one customer at a time. maybe an event. once a month where people talk about first friday is where you go to this coffee shop to get a 50% discount and that sort of consistency can get people to come. >> make a partnership negotiation to the local hair salon, i'll give you free coffee for a week and serve it as they get their hair done. i feel like if local businesses, we've been going aroun

groupon transition to e-commerce retail is hitting bumps along the way. they forecast second-quarter earnings that trailed estimates. shares are falling in the after-hours. that is the top headlines at this hour. >> i thought you're going to sing the theme song from "frozen." joining me to discuss alibaba, cory johnson joins us from san francisco. eric jackson from ironfire. lay out the numbers we understand the scale. >> $5.5 billion in revenues last year. 5.6 billion dollars in revenue. a lot of profit out of that. i'm looking at the income statement. $1.4 billion. very profitable penny here. >> 20%? basically taking home 20% of sales and sticking it in the piggy bank. >> i will look to see how they categorize sales. it is an ebay like business. they don't take ownership of the things that they are selling. what they count of revenue is already the prophet there. a big business and the business that is growing. compared to the previous year, it looks like sales were up 70% year-over-year. business that is growing, has been profitable for a while. profit

electronic arts, zulily, groupon. this, you know, we have a wide range of opinions on this program.xpensive cupcakes that you have to buy in a dedicated store fad be over? i can make a whole batch of cupcakes just as good as theirs for the price of one of theirs. i hope you choke to death on them, varney. well, sorry to hear that. thank you. work our list. thank you for watching the show. here is deirdre bolton. >> it was very popular, indeed, stuart. as far as being able to make a whole batch were one of those little ones, you have to put a taste test in there somewhere. i saw those cupcakes. i went to the green room. thank you very much. we are giving you alternative ways to invest your money over the next hour. allie baba filing for one of the biggest tech ipos ever. it will raise between 15 and $20 billion. we will tell you why it is so significant. ♪ deirdre: other headlines we are following, the hong kong market is coo

you have groupon and soliciting working together to do exact the this. this solar service with no additional cost. it is basically ground breaking. forget about two cans of soup for one. a whole new thing. basically making your house ready for the next generation. it is a big deal. it moves us into the way of the future. stuart: let's put up the big board, can we please. it is the first unofficial week of summer. trading is extremely slow. very little movement. way into the trading session and we have barely dodged since we went on the air 47 minutes ago. we are still bound nearly two. listen to this, the intel, international science and engineering fair, the world's largest high school research competition. the top winner, 15 years old. his name is nathan. he used data to characterize a gene associated with cancer. he established a procedure to analyze the effects. he is 15 years old. his name is nathan hahn. there he is. from boston this morning. welcome to the program. congratulations. >> thank you very much. nice to meet you. stuart: i try to explain

but groupon could survive, . >> but people forget it. >> not me. i lived through it. >> i did to.ou can buy my book on amazon.com. but a lot of those firms merge together. like netscape? neil: scott would you think? please just pipe down in the futures. >> i am trying to figure a how to buy charlies book amazon.com. here is one of the issues they have figured out how to generate revenues but they have not figured out how to make money. that is the problem. when companies come out and you pay 50 times the little earnings it is ridiculous and it will penalize. >> maybe we have done that before. >> bid is all happening within the weakest economies i have never seen. every time we come out of a recession. >> what this means lose fewer consumers. let me finish my point to dig into their pockets. >> the explanation why they sold off because the economy is growing so slow. >> stable? they are dead in no water. >> let me finish my point. now moving into other companies with slower growth >> with a zero percentage. >> what was facebook? >> that was the good company actually. >> like being

couple of really big selloffs going on with twitter yesterday more than today, aol down 26% right now, groupon down 10%, i looked today. is there something going on? get asked the question all the time, are you in a bubble? is this 2000 all over again. i do not think we are. i think if you look at it and go back to the structural issue and the amount of supply that is really coming to market in the last 90 days or so, we have some valuations that are stretched. i would argue the fundamental the cycle, much stronger than 15 years ago. >> some companies, and definitely not. >> when you get to the later stages of the ipo cycle, it is not always tear one companies going public. you have smaller companies. growth may not be as great. the big thing is you have to manage expectations on the street. you have got to be able to deliver against what you committed. as you get into later cycles and you do not have as good a companies, and it is hard for the companies to meet the level. >> all right area we will watch to see if you are right. thank you for joining us. facebook is launching a new program to

individual movers for you -- solar city says it will offer solar installation discounts by a coupon site grouponorder to get mass-market adoption. the shares are up 4.7%. ♪ >> you are watching "bloomberg west." the sale of the los angeles clippers is drawing interest from the likes of former microsoft ceo steve ballmer and former nba all-star grant hill. with a price tag that could be $2 billion, what do owners have to do due to see a return on their investment? jon erlichman has more from l.a. amazing thatty this clippers story has put valuations front and center and san francisco, the fact that the golden state warriors are building a state-of-the-art facility, another reminder of how big is businesses. of mandalay entertainment group a group that acquired the wires back in 2010 for $450 million which many people say would be worth now is with me. let's start with the building of this facility. what goes into a project like that? what are some of the challenges? >> a lot of golden a lot of drama and a lot of suspense and a lot of planning and it's always a long and arduous and somewhat uncerta

but a lot of these companies , groupon, . >> people forget about 2,000. >> i did not forget. lived through its. >> i did to. neil: that is brilliant how you do that. >> is called blood on the street. the firms would merge together to create better firms. scott, in the future just pipe down seven guys trying to figure how to buy a charlies book. >> here is the issue. the have figured out how to generate revenue. but they have not figured out how to make money. when the companies come out then you pay 50 times the earnings that is ridiculous. and it will penalize the banks. >> the problem is that it is all happening with the weakest economy i have ever seen coming out of recession >> so we would have fewer consumers. let me finish a point of spirit to dig into their pockets. >> i have an explanation why the stocks have sold off because the economy grows so slow they could pay off for that growth and it is more stable now. >> let me finish my point. the job growth okay. it could not take off and. >> but now the market is turning down. >> but you have zero% interest rates that ca

outside investors have been unable to get active and forced zynga and groupon and others to change theirehavior because the insiders don't control the majority of the company but they control the majority of the voting shares. the alley about the situation is different that the board would have separate power than the regular shareholders. >> break it down for us, how would this alibaba situation work? >> the partnership will be given an unequivocal right to nominate the board members for the ipo which then the shareholders vote and approve. that's where the majority of members will go. they can put up and the nordic shareholders and vote on all other measures related to this company. there will be essentially a single class of shares except for that one privilege the partnership gets to keep. rowe price did a study that dual class shares are not performing that well. it's interesting they are going against their own best advice. inc. about yahoo!, a company that does have a lot of problems for a long time with activist shareholder is getting involved because they can take large position

outside investors have been unable to get active and force zynga, groupon and others to change theirehavior because the insiders don't control the majority of the company, but they do control the majority of the voting shares. alibaba's situation is a little bit different. the board will have separate power than the regular shareholder class, that was not good for the listing in hong kong. >> how will this situation actually work? >> the partnership basically what we're told is that they will be given an unequivocal right to nominate the board members for the i.p.o. which then the shareholders vote and approve. that's for the majority of board members. so shareholders will still be able to put up a minority of shareholders and vote on all other measures related to this company. there will be essentially a single class of shares except for that one, that one privilege that the partnership gets to keep. >> well, it's interesting, t. rowe price did a study that dual class share structures actually aren't performing that well? >> that's interesting, because the investments in some of the

groupon is finally bouncing. it went down for two months in a row.oingo there, that's the wireless sohu.com has stabilized around $5. pandora went down, sue, it's $40. look. it's 22 now. finally stabilizing a bit here. we've been talking about rocket fuel after missed analyst revenue guidance. that's 27% down in the day. this stock went public at $29. not very long ago back in september shutter stock gave poor guidance, but not stabilizing. >> absolutely. a lot of volatility. thank you, bob. have a good weekend. love to mom. >> i will. >>> ty, up to you. >> thank you. it's called by some of the chike-onomy, showing that. >> can't be stopped. what seems unstoppable is the leaders of tomorrow will be women more than men. the question is how companies will respond, especially with the controversial issue of maternity leave? under the age of 35, the figures reversed, 40% of younger women have graduated college, compared -- this means employers when looking for the best talent will be choosing from a larger pool of women. white hou this from this morning.

of the 30 largest internecessarily stocks are back to oversold territory, particularly names like groupon, et cetera, do you agree and does it mean that you get in at these levels? >> there's a lot to that question. i would agree with matt that dividends are important. i think trying to find that balance of return in safety in dividends as a total return play is a good idea in technology, but you know, i think some of the growth stocks have been oversold. clearly the markets, speaking generally, may be oversold, but there are names within that are fantastic being sold off that we would believe orb long-term economic opportunities -- yeah, they trade at high multiples, but there's a reason they're at high multiples, and the growth rates are mirroring some of that. you have to take a chance to capture that growth. >> michael and matt. >> it's not as easy. some companies aren't growing, so it's not easy to pick any market stock and get there. >> absolutely. no longer the dartboard market. thank you very much for joining us. enjoy your weekend. >>> up next, on to the next episode. if apple do

facebook and groupon moving to the up side. analysts taking note of the outperformance of the shares of apple, up 16% over the past one month. interesting note from morgan stanl stanley, the annual it's saying the top 100 holders are significantly underweight and this in fact sets up well for further share price precious heading into the iphone 6 cycle and iwatch launch. >>> a look at therapeutics, it received positive feedback for a new treatment. >>> sharply higher better than the expected new homes sales data for april. same-store sales says increasing more than expected. >>> ceo meg whitman saying she's seeing pockets of growth in some of hp's businesses. all right. ty, over to you. >> now to russia and the big newsmaking interview of the day, a global exclusive with the russian president vladimir putin. >>> we were given extraordinary access to putin, and the timing critical. e. >> he was very unhappy about the way it started. he said he would be willing to accept the choice of the russian people. let's play you some of th

groupon sinking and fire eye plummeting. it's not just internet momentum names feeling the pain. our traders are steve, karen, and guy. let's go straight to tesla. this is all in the context of the shares are down in the after hours. >> specifically tesla. numbers were fine. there's nothing wrong with the numbers but when momentum stocks lose their momentum, valuation matters. i think that's what's happening with tesla. i know people have $14, $15, out 2016. that may be true. here and now, the numbers they reported were not nearly enough to keep the momentum going in the stock. until you see a huge capitulation with big volume, you got to stay away from it. >> but think about it. karen touched on it in the green room. this is a stock that really hasn't taken it that hard being as though you saw the rotation out of all the bubble stocks. i feel as if tesla, after they announced the battery angle changed a bit of people's opinion of the name. they don't look at it as a bubble stock anymore. right now it's taking it. i don't think it's grouped in with those bubble stocks. >> yet. ye

. ♪ thank you groupon deal for half off sky diving for thinking my problem with jumping out of a a planest is the price. [ laughter ] >> steve: seems little steep. >> jimmy: little steep there. >> steve: can you cut us a a deal? i don't want to pay a lot of money. ♪ >> jimmy: thank you for the phrase you say potato, i say po-tah-to for basically saying you're right and i'm wrong because literally no one says po-tah-to. [ laughter ] >> steve: no one says. >> jimmy: no one says. mr. po-tah-to head. >> steve: mr. po-tah-to head. [ laughter ] >> jimmy: no that's mrs. po-tah-to head. >> steve: that's mrs. po-tah-to head. mr. po-tah-to head. >> jimmy: ms. po-tah-to head if you're nasty. >> steve: from nasa? >> jimmy: if you're nasty. >> steve: oh, okay. i missed it. >> jimmy: chris kattan would get it. [ laughter ] old reference. ♪ thank you may the 4th for being the perfect holiday for "star wars" fans as well as people with lisps. may the forth be with you. [ laughter ] thar warth. >> steve: thar warth. i love thee-three-p-o. [ applause ] luke thkywalker. the death thar. the thith. may thith

forced quarter loss, $38 million compared to a loss of $4 million at the same time last year and groupon profit since 2011. investors not loving this deal. shares down 20%, that is a big blow to andrew mason. and $25 million today, but you know who is getting extra cash? steven nick o'hern, goldman sachs, a personal loan backed by his billion dollar art collection. and picasso and andy warhol, the loan could come and a bigger time. and insider-trading last year, he needs to cough up nearly $2 billion in fines. speaking of our work, this monday just fetched $17 million at auction, and the masterpiece was sold to an unnamed asian buyer and hadn't been seen in public since the 1920s. paintings most of us like hanging on the wall of a fifth avenue apartment don't by billionaire eric clarke. can you imagine having him at your house? taking spare change out of the box with an inventive idea to build affordable new homes. steve harrison has the story. fill us in, very cool. >> they are cool. there are two models for sale now, one just 20 feet long, the other 40 feet long, small and costs $47,00

whole foods, groupon, trip advisor, electronic arts and activision, all after the bell.isney, don't want to leave that one out. melissa: busy, nicole. dracula might be on to something. new research shows that vampires may be a key to the fountain youth. dr. manny here with the exciting theory. >> vampires, that's it. melissa: how do you -- tell me the theory. >> this is not a theory. this is based on animal studies that came out of harvard earlier in the week where they injected youngblood of mice into older mice, mice that were like 60 or 70. melissa: transfusion? >> they danced the cha-cha with the new blood. more energy, better memory. they did a whole butch of things. the whole thing behind it, there are components in blood, especially when you're young, disappear as you get older. they look to one specific protein gdf-11. the whole notion of finding, you know, certain proteins when you're young and then give them to you when you're older might be the whole basis of dracula here. melissa: what is the application then? i mean how -- >> application is -- melissa: do we

facebook, groupon, well, facebook lost some of the gains it saw earlier today. about flat at the moment. look at twitter, trying to scratch back some of the more than 23% it last over the two-day session. it's up about 4% right now. investors apparently feeling a little more confident about the economy after fewer people than expected had to sign up for jobless benefits last week.'ve s numbers this morning, 8:30 a.m. eastern. here's what they showed: a drop of about 26,000 to 319,000. that snapped three straight weeks of gains. but, look, what you want to see is here, you want to see that number come down. if we can get the 300,000 level, that is actually a very bullish sign for the economy. it supports fed chair janet yellen's testimony on capitol hill that the economy is on balance improving. janet yellen also today talked about the fed's massive $4.5 trillion balance sheet saying it could take five to eight years to shrink it back to pre-financial crisis level of $800 billion. so as we retreat from another potential all-time high, not so much right now althou