henry blodgett has some interesting numbers on those revenue figures at uber and whether this valuationy-s justified. >> the valuation was staggering. everyone was right to say whoa. what is going on there? >> bigger than whole foods. bigger than -- >> that's right. >> bigger than of a sxavis and combined. >> that's right. but we've seen many companies in the internet sector deserve those valuations ultimately. just some of the scuttlebutt in the market about what the numbers are at uber and what the ceo travis galanik has said publicly about doubling every six months. san francisco's already 300 or 400 million dollars. they're in 130 cities. and what i've heard is most of the revenue they have now is coming from five. so if you believe these five are leading indicators to what's going to happen everywhere else, the numbers can get huge fast. and what he's said publicly, again, is we were actually priced at multiples below what some of the public market -- >> the biggest risk quite obviously summed up by what was happening across europe yesterday. now for uber is probably regulatory. >>

♪ ♪ brooklyn ♪ foot on the pedal ♪ hotter than a boiling kettle >>> joining us this morning, henry blodgett towshey and jon fortt who is live at that north side festival in brooklyn. can't wait to hear more about that a little later this hour. but we'll start with changes in the twitter c suite. the company c.o.o. announcing his resignation. joining us now on the cnbc newsline is cara swisher, co-executive editor, she broke the story this morning. and she can give us a fuller sense of what's going on here. >> absolutely. actually i wrote about it last night that it was coming. there's a lot of issues with twitter right now including its stock price which has been in decline. obviously growth issues that wall street's been worried about that's causing the stock's decline. and also product innovation. and this is the guy that was in charge of all that stuff. there was a lot of pressure and for a number of other reasons that just built. and i think they felt that the ceo needed to be much closer to all those things.

this is from one of our viewers -- henry blodgett has written this piece -- "sorry, folks, rich peopleon't create jobs." "yes, we create jobs temporarily are awhile, and yes, we necessary part of the job creation engine, but to suggest that we, the rich, alone, are responsible for the jobs that 300 millionother americans is the height of self importance and delusion. if rich people don't create jobs, what does? healthy economic ecosystem in which the middle class has a deal money to spend. it starts with the company's customers. the company's customers buy the and allows the company to hire employees to produce, sell, and service those products. you can read the full story online -- products." you can read the full story online. rob, sarasota, how long have you been out of work? caller: several years. host: what did you do before you lost your job? caller: construction inspection services. housing and business industrial site development area but i have not worked for so long. i feel that the job market is filled with jobs that really aren't getting the work done that we need done in t