reid: so, most of it is still in linkedin stock. because i am building the world through linkedin.n a number of different nonprofit boards, like kiva and endeavor and do something. i try to finance projects that i think are interesting. emily: are we ever going to see you start something else? another company? reid: probably not. you know, with series a and seed founders, i work pretty closely with them, but there is a long way to go with linkedin still. so i would say that it's unlikely. although, you will see me partnering with a bunch of great young entrepreneurs, and trying to help figure out how to build something big. emily: reid hoffman, thank you so much for joining us. it's has been a pleasure to have you on the show. reid: thank you. ♪ ♪ emily: it has been called the harvard of silicon valley. y combinator is perhaps the most prestigious start-up incubator in the world. it has funded more than 700 companies to date, including dropbox, airbnb, and stripe. but behind the start up machine is a couple with their own start up story. how did they build y combinator into what it

for linkedin, it is similar to facebook. how many more people can you get onto linkedin?can't get that many more people on, how can you get more dollars out of each one? and that is the linda idea. let's get more dollars out of each person and not rely just on new people coming in. alix: thank you for that preview. always a pleasure to have you here. we will be back. ♪ omberg television and you are watching "street smart." we had treasuries falling and the dollar rising after data shows signs of improvement in the american economy. we are moments away from earnings family dan and fire i. scarlet, set up the picture. scott: the smp -- scarlet: the s&p 500 did eke out a gain for the month. the s&p 500 has cut its events to 1.1% while the dow has given up its gain. they are as line is the 50-day moving average. for the 10th time so far this year, you can see the return of volatility will right here. there has been a lot of generation. we reached a record high in early march. then we got to it again in late april before coming back down. if you look over at the treasury marke

linkedin.enues that were growing three years -- 86% year-over-year. it looks like they are going to grow at 32% this year. it is a lot less. i think more disconcerting is the way that linkedin has played a game with wall street is every time that report a quarter, they beat estimates and they raise the guidance. and this time they were right in line with estimates and they lowered the guidance. so when the game is eat and raise, b and rays and then you match them lower, you are playing a different game than wall street is expecting you to play. that is why they big up -- bid up so high beforehand. emily: we saw disappointing earnings from twitter. facebook had lower-than-expected revenue. cory: they are facing currency issues. the strong dollar is affecting them across the board. look, they are all fantastic growth businesses. they are all growing much more slowly but i think that twitter is in a very different place in a less advantageous place then linkedin and facebook. linkedin and facebook

linked did linkedin shares moving to the downside 19%.ittle bit of -- guy, let me ask you this. these companies have no room -- no margin for error. look at yelp. is this all about the revenue number is it. >> i don't think so. how do you trade the stock? you need to bet on every metric. the low in 2014 was 135, 140. this 205 to 210 level is about a 50% correction of that range. this stock gets interesting pretty quickly tomorrow especially if you see huge volume and especially if it holds these levels. the numbers that gill yardead reported were ridiculous. >> i think it might even be down now. >> it might be. which to me is crayzy. earnings they just reported are ridiculous. they announced a stock repurchase program last quarter. it just feels to me that somebody has sort of a -- somebody has a -- well, i don't want to say what they have. >> now it is up .5%. somebody's listening to you. >> they're looking to take the biotechs out to the woodshed. >> understood. we'll keep our eye on this for you. >>> couple other ones hitting the tape

at linkedin headquarters in mountain view, california, 11:00 a.m. on wall street, "squawk alley" is live. ♪ ♪ ♪ look in my eyes what do you see ♪ >>> joining us john stein burg ceo daily mail north america, jon fortt, kayla is off getting married, congratulations her. great show for you. imf managing director christine lagarde will join us in a little bit. first up talked linkedin moving lower after the company said it would acquire on-line learning company linda.com for $1.5 billion. the biggest by a factor of 10 and a lot of discussion about how the era of growing only organically, jon fortt, may be coming to an entsds. >> it's been over for them for a while. they've done acquisitions, they did slide share, card and others. this is big on a different scale. linda has been around it for 20 years, lots of people have used it. my mom used it to learn photo shop and illustrators and it charges individuals 25 bucks per month to learn things. they got a track record for providing a pretty good experience for that. they only took vc cash, about three yea

bring in collin gillis who has a whole grading on linkedin.ood to have you. when jeff weiner says that part of the short fall on guidance is fx, that can't be all of it. it's less than half of what the street was expecting on eps. >> you trot out the fx excused. i think the key thing is they're acquiring a company that has a very different margin profile than the core business. so the linda.com acquisition, that's a business that runs around 5% to 10% margin compared to the 25% typical ebitda that linkedin does. so there's a lot of cost. it's going to likely be a good long-term acquisition, but there's a near-term impact. it's interesting. you always say, won't the street have figured in that this is going to happen when it hits? and, you know, sometimes it does, and sometimes it doesn't. the problem with linkedin is every time it prints a quarter, you get these outsized reactions. out of the last eight quarters we've had moves of over 10% up and down four times. the smallest move is 6%. there's nothing wrong with this business. it tends to be

the street was looking for -- linkedin. linkedin reporting 28 cents. that is a huge miss. a lot of pressure. cheryl: a lot of pressure on that stock. thank you for your time. jason pride, phil flynn. john burke. thank you very much. ashley: breaking news. u.s. navy is taking action after iran seized a cargo ship in the waters off iran. cheryl: washington correspondent peter barnes with the very latest from capitol hill. peter? >> cheryl, ashley, the defense department officials now confirm that u.s. navy ships will accompany u.s.-flagged cargo ships through the straits of hormuz, the critical shipping lane for much of the oil that is produced by persian gulf countries. and this in response to this iranian, the iranian navy firing on and detaining a cargo ship, the maersk tigress, flagged in the marshall islands but flagged by the company maersk. this is 10-year-old legal dispute with maersk. the u.s. officials say iranians, this is harrassment on part of the iranians over u.s. support for saudi-led campaign against the houthi rebels backed by iran and yemen. just recall la

cory: linkedin ceo jeff weiner. khosla will talk about education when bwest continues. ♪ cory: up next vinod khosla talks education, behind the scenes in the music business and streaming. a sectional heatwave intensifying in california extended drought. the last 12 months were a full four and a half degrees above the 20th century average. it's having a big impact on food producers like kind healthy snacks. >> is a serious issue for humanity. this is just the beginning of some major challenges we will face. it's not just water, drought. it is also climate change. cory: more than 44% of california is now in a declared exceptional drought meaning crop losses or water shortage is in the top two percentile. the city of brotherly love ain't loving comcast trade many of its residents can't even get an answer when they call their hometown cable company. let's must comcast said it would triple the staff the response to members on social media. silicon valley does not have a better-known investor than vinod khosla. he is now

this is linkedin's biggest acquisition by a factor of ten.o jeff weiner says it expands the company's potential market opportunity by $30 billion. online education company linda offer -- lynda the opportunity to improve creative skills offering 3,000 online courses, adding an average of 60 more per month. the company grew its revenue about 20% last year to $150 million. about 2/3 of that is from individual consumers. the other third is from businesses paying monthly or annual fees from limited access to lynda's course library. shares on the rise today for the potential for the two companies to grow together. linkedin could identify skills its members need to recommend particular lynda class. linkedin has nearly 350 million members, so the potential, if even a small percentage of them pay the starting fee of $25 a month could be huge. bill? >> all right julia, thank you very much. so what will this deal do for linkedin's stock in the future? >> let's roll it out. james joins us saying the stock is going higher. he's got a $300 price target. ma

stephanie: linkedin is branching out.line education system for a cool 1.5 billion dollars, but the grand plan is more ambitious. cory johnson is having a big week, mark cuban -- the ceo of lincoln, jeff weiner. tell us, corey johnson, what is the ultimate vision for the company despite walking meetings, which the two of you have in common. cory: except for the walking meetings with me looking freakishly tall next to the normal size jeff weiner. this was a struggling business at almost 10 years old by the time it didn't ipo, but wasn't talking about the -- did an ipo, but they were talking about the transaction. facebook gets a lot of attention for the social graph, mapping identities and the relationship of friends and families, and their relationship. he kept about the economic graph that should be the center of linkedin's business. check this out. jeff: at heart, lincoln is about -- linkedin is about matching members to opportunities. enhancing your job, a new skill that enables you to be better. we have data on skills

cory: linkedin ceo jeff weiner.aking of the future of education, legendary venture capitalist vinod khosla will talk about that. ♪ cory: this is "bloomberg west." i'm cory johnson. vinod khosla talks about education. first, some top headlines. an exceptional heat wave is intensifying the drought in california. the last month was a full 4.5 degrees above the average and is having a big impact on some producers. >> it's a big problem for us as a company and as humanity. this is the beginning of some major challenges we will face. it is not just the water drought, but also beehive collapsing, climate change. cory: more than 44% of california is now in a declared exceptional drought meeting crop losses or water shortages within the top 2% ago -- percentile. philadelphia shows many of its residents cannot get an answer when they call their home tom cable company. there are current negotiations over a franchise the new. comcast said that it would triple the staff that response to customers on social media. silicon valley

it is a big deal for linkedin. linkedin is basically trying to turn itself into a content company.talk about that more on the next "bloomberg west." we will see you tomorrow. ♪ >> the following is a paid advertisement for timeless music collection. >> it was the dawn of a new rage filled with long hair, bell tie-dye t-shirts and new attitudes. it give us new consciousness about the world we lived in. and there was a new music for new times. >> ♪

it is a big deal for linkedin. linkedin is basically trying to turn itself into a content company.l talk about that more on the next "bloomberg west." we will see you tomorrow. ♪ . >> from our studios in new york, this is "charlie rose." charlie: dzhokhar tsarnaev was found guilty today of all counts in the april 2013 boston marathon bombing case. he carried out the bombings along with his 26-year-old brother, tamerlan tsarnaev. the explosions left three people dead. and more than 260 injured in the worst act of terrorism on american soil since the attacks of september 11. the brothers killed and m.i.t. police officer during the six-day manhunt that followed. tamerlan tsarnaev was killed during a shootout with police in massachusetts. the second phase of the trial will begin next week. the jury will

there are companies like link linkedin, survey monkey. or evernote.rs, certain parts of their product, people will pay. that's what happened in traditional media. back in the days of cbs, abc, nbc, all ad models and over time, cable came and the consumers started paying like comcast and major companies today drive only about 25% of their business from advertising. it's very possible that other models will pick up the slack. but i think the ad model is getting long in the tooth. >> what about the top down. we had concerns about some scattered markets in television, do you think ad spending in general is robust in this country? >> ad spending in general is predictable year to year. it gross in line with gdp. it's about $550 billion on a global basis, think it's grown 4% per year for the last ten years. but it tends to rise and fall and why is that? because advertising is based on a projected sales level. png, the major marketers in this country, auto companies, they figure out what their sales are going to be and increase their ad budgets similarly so t

should you include your linkedin url? >> yeah. so, linkedin is another way the job application process has been affected by technology. today, in our survey over 70% said that they did want a linkedin url on the resume' because everybody checks it today. in some ways your linkedin information is more valuable than what is on written resume' because it is verified by the community in some ways. you know, you're not going to lie about your work history information or job titles when your friends an colleagues and coworkers will all be able to see it. liz: well, here is what do people tend to fudge a bit, i will not say lie but tend to fudge. that is about salary. do you put salary or salary desires on there? i would assume if i'm recruiter, i'm getting this. that can't be possibly verified or/true. >> so true. at some point in the interview process phone screen they will ask but the salary. don't need to include it up front. only 40% of respondents asked for it right up front in terms of recruiters. something you can leave off until

in an e-mail to customers linkedin said they can add all completed courses directly to their linkedin profile so potential employers can see what training they are doing. >> 30,000 cases of hummus are recalled because of possible contamination for the classic hummus with best buy by may 11 or 15th. listeria can be fail for young children and the elderly. people are talking about this story online and we posted it on facebook if you would like to share it. >>> a sweet treat this weekend saturday is bring your own cup day at 7-eleven and you have to bring your own cup and fill up including bowl bucket, kettle, giant mug whatever you want. it has to fit in a designated 10 rip cut out at the store. containers have to be clean of course and it will cost only $1.49 for any size slurpy promotion on saturday until 7:00 people. >> bring your own...bath. >> meteorologist drew tuma is here for mike nicco with the forecast just ahead. >> you will need the shades today and we begin a warming trend and i will let you know when the warmth peaks. >> giants fans are getting national attention in a new

alix: are we going to see linkedin in schools now?are all about work environment and getting the 3 billion workers locally into their ecosystem so they can sell advertising and get them to sign up for various services. anything that makes their service stickier they believe will drive subscriber growth. these online companies are still very much in the mode where they have to grow their subscribers. that is with the street is demanding. alix: growth growth, growth. the closes coming up -- the dow is picking up a little bit of speed. up 51 points. ♪ alix: welcome to the viewers round the globe. you're watching bloomberg television. i am alix steel and this is "street smart." start -- stocks looking for direction today. let's get to scarlet fu at the breaking news desk. where was the action today? scarlet: fully them was just slightly below average. only one or 2% below the -- 1% or 2% below the 10 day average, but there is a lack of conviction. the last time the s&p, dow, or nasdaq closed up or down by more than 1% was march. the dolla

. >> coming up, linkedin shares seeing a nice move up over the past year. business networking site announced it's buying learning site lynda.com. linkedin up. crude prices rebounding after yesterday's slide. are we close to a bottom? we will ask fund manager john dowd as the energy summit continues after this. ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ we're a force of nature, too. mileageplus® explorer card. we're saving our united miles... ...for a trip to hawaii. we love free checked bags. i've saved $75 in checked bag fees. no foreign transaction fees means real savings. we can go to any country and spend money the way we would in the u.s. one of the best things about priority boarding is you can just get on the plane and relax. i put everything on the explorer card. i really want my united miles. >>> there is not such a great looking chart. pulte group. phm down. lower after jpmorgan downgraded the stock saying the ho

when we come back linkedin's ceo on the purchase of lynda.com.hat in a moment. eeep b and . . . exhale. . . aflac! and a gentle wavelike motion... ahhh- ahhhhhh. liberate your spine... ahhh-ahhhhhh......aflac! and reach, toes blossoming... not that great at yoga. yeah, but when i slipped a disk he paid my claim in just one day. ahh! so he had your back? yep. in just one day, we approve and pay. one day pay, only from aflac. [duck snoring] when a rewards card is designed to sync with your life, it gets talked about... ♪ ♪ so you can live the way you live, and enjoy all the rewards. chase sapphire preferred. so you can. >>> as we first told you yesterday, linkedin buying on-line education company lynda.com for $1.5 billion. last night on cnbc asia julia boorstin sat down with linkedin ceo jeff winer. >> at heart we're trying to connect our members to opportunity whether finding a job or advancing throughout your career and learning the skills you need to take that next step. and that's exactly what lynda.com is all about, it's really a world-class

mark: linkedin is an amazing new platform, as you know. rebecca: you are using it in a way y most people don't. mark: i figured why not try to be enttaining. these get so dry. the opening paragraphs arson torian -- are centaurian. rebecca: your with a company i think will be a household name it is an app cled homesnap. mark: i was brought in by the local venture fund. my old colleaguethat iwill in the 1990's. rebecca: they know a good ththing when they see it. mark: steve case saw homesnap at sxsw about three years ago and that the founders and said i wanto put some money in. rerevolution has continuedo inst through multiple levels. homesnap i it is shazamm for houses. on your mobile device, you can take a picture of any house and it tellsls you everything about the housuse.e. rebecca: it is iredible. i don't even know where i am standing. i don't know which street i am on. i see aa house. i got addict to it when i was hoyou take a picture and homesnap tells you what street you are standing on, not so impressive with g.p.s. today, but what

linkedin forecast revenue that missed analyst estimates.ny says the revenue will be $670 million. meanwhile visa posted a fiscal second quarter profit that beat estimates as consumer card use rose. shares are down in late trading.

the more interesting is the infinite pes, a twitter or link linkedin.y real estate and still trade it up. if can you buy something that's generating cash, and your pe is 100 times and you're buying something at 7 or 8, that's vr accretive and yet the companies haven't done it yet. like they want to stay too pure. if i were them i would buy a lot of stuff that generate cash now before the market reprices their multiples. >> too late for that, john? >> i don't think so think that's what you're seeing more of with linkedin going in for linda.com. maybe scott wrote that before the ink had died on that. but i do think the issue is valuations. take a look at some of the major acquirers, he mentioned in the piece are oracle, google, facebook, et cetera. oracle likes to try to be disciplined about their m&a. very often when you talk to them about things that other people are buying like s.a.p., they can say well they spent way too much ton that. we would never buy that there's so much out there that has high growth rates. and also high valuations. what would it

that is the amount linkedin has paid for a company called lynda.com which is an education and trainingells subscriptions to skill building videos and career training videos, which is a big deal for linkedin. they are basically trying to turn itself into a content company and educational content is a part of it. cory: david kirkpatrick, thank you. see you tomorrow. ♪ mark: from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line" the intersection of business and economics with a main street restrictive. -- perspective. to our viewers here in the u.s. and to those of you around the world, welcome. we have full coverage of the stocks and stories making headlines today. education reporter janet lohr looks at the rejection rate or admissions to ivy league schools . agriculture reporter alan bjerga detailed the latest crop report and the continuing doubt it

at linkedin headquarters in mountain view, california 11:00 a.m.. ♪ ♪ ♪ look in my eyes what do you see ♪ >>> joining us john stein burg

linkedin down one and a third percent. you're right. go to the other social media stocks that aren't related. groupon down a third of a percent. not exactly in the same universe as twitter. we're watching this closely. we'll take a quibb. againquickbreak. twitter is trading after having been halted. stunning news. an early release. accidental of twitter's numbers showing a pretty significant miss on revenues. the stock plummeting more than 20%. traders. nicole petallides. jo ling kent all over the story. we have the latest on the tense situation in baltimore and how businesses like cvs, you saw it being looted, are reacting to the attacks on stores in downtown baltimore. don't go away. much more ahead as we come up against the closing bell. just four minutes away. ♪ [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all...

. >> linkedin rallying after the companies that would acquire education site for $1.5 billion. this would be linkedin's biggest acquisition ever. >> this makes total sense. it's a one-stop shop. and people always -- we talked about this. sort of counterintuitive. when the job market is terrible, you think this stock should do well. i think when the job market is great, people are more apt to get on because they want to switch jobs. that's a concept we're all familiar with. >> i like this deal. i was just out at that education conference in arizona. lynda was one of the companies out there last year. now here they are doing a billion and a half dollar deal. >> guy? >> i think you have to stay long the name. i've liked it for a long time. people shoot against it on valuatiover.n fore it is expensive but it's also the only game in town. it is a stand alone property that maybe someone gobbles up at some point but i don't think can be replicated. >> next up here, google. the tech titan planning to introduce a monthly subscription service to let people watch a number of videos withou

facebook and linkedin are social media giants. people love to be social and share. that is a great place to be. david: john trainer, general electric had a field day, when it decided it would pull out of the banking business, a lot of stock buybacks. the stock was way up. today it has come down a little bit. i'm wondering is it a buy now, hold on a second, we have the launch coming up. here it goes. this is the spacex liftoff. >> liftoff of the falcon -- david: what is extraordinary about the launch, not only what they are going to do but how they are hoping to retrieve the missile that launched capsule up into space. they will retrieve it a extraordinary way, liz. liz: in fact there is a floating platform out on the water. they're going to attempt to once the delivery is made, to capture that rocket back on that platform. one in a million shot here. the first effort failed, but hey the wright brothers failed over and over again. this is the sixth spacex resupply mission. it is carrying 4hundred pounds of food and supplies, mice for experiments. heading to the inter

were looking at the investment, we talked to a number of kids and they said facebook to us is like linkedinyou. i think there is an element that the younger generation wants to be able to communicate, have fun, and not worry about the permanence having some kind of weight. the numbers are staggering. i think evan is doing a great job. >> can evan mature into a rockstar ceo? >> i think so. it is interesting because he has had some issues, and other people we have worked with have. one of the things that benchmark truly tries to differentiate is we want to be a partner with the entrepreneur over a long time. i think there is a growing trend in silicon valley that i'm not a fan of, which is trial by social media. our job is to help these people through situations like that, not to abandon them even though the press is pounding them. evan in particular is a special person. he has a keen sense of product features that matter to his constituency that i think has been a common trait among some of the most successful entrepreneurs. >> is there more or less in -- arrogance in silicon valley than the

the choices that you make, they really control a lot of ecosystem, there are big up and comers, linkedin, others that take a very prominent position in huge verticals, but i think those are the ones that really focus on what the consumers want. >> leaving microsoft off that list resinates less now than a couple years ago. >> yeah, since his nobel days and sundays, he's not been a big south ban, you can understand why. but, look, microsoft is also making a great comeback. 20 bucks a share for what, 15 years, something like that. ten years. >> they silenced the critics last week. >> yeah, tech companies are doing well. they're performing, they're executing, cost of technology is going down, growth rates are going up. more and more people are using technology. >> do you agree with what he said, the real action in the city? it's no longer about the valley so to speak. >> one of the interesting changes, i have daughters, 22 and 20 years old -- >> colgate. >> someone graduating, i'm excited. the kids that grew up with technology, never known a day without the iphone. they're also lib rap arts

we were talking about linkedin and how it is a different kind of network.ate says --kate: it is not as intrusive as some of the other social networks. i do not need to be on it all the time to connect to people in a useful way. francine: people publish stories and groups that discuss the way the world goes and getting into e-learning is a great step to encounter the un-affordability of education those countries. brendan: they have grown, they have reached -- facebook seems to be flattening out. facebook is using its messenger to open it up to developers. this seems to be -- your current and future net works are a great feature. it makes a lot of sense. it is going to be a real challenge for all of these networks. how much value can we add to your life? brendan: my first reaction was it is another bit of m&a. it is its own economy. kate: we have talked to our partners. we have seen so much money flow in. everyone wants to get in their first investment into the next big thing. this is going to be a period of strong growth. francine: the thirst for online educ

linkedin is snapping up the online career skills site linda.com, for $1.5 billion. its biggest purchase ever. it hires courses for professionals. linda will bulk up the social services like linking up professionals. >>> with all the announced deals in m & a so far this year 2015 is running at record or near record levels. if the pace continues, our guest says the price tag for the year could exceed $3 trillion in activity worldwide. that would make 2015 the second biggest year in history for deal-making. rich peterson welcome. senior director with s&p standard iq. why so many deals? >> there's a of deals. the corporate and balance sheets. if you look at s&p 500 companies, including financials there's probably over $2.1 trillion at their availability. also lower borrowing costs. interest rates are low and even with the expected fed hike maybe this year early next year rates attractive to borrow. you have high stock prices. stocks given to levels they are now can be used as currency given the high v transaction. >> so what has been the busiest sectors for m and a acti

reid hoffman is the co-founder and executive chairman of linkedin, and an investor in some of the mostl companies of all time, including facebook. yet, the man with one of the most impressive resumes in silicon valley wasn't always on track to be an entrepreneur. a student of philosophy, hoffman at one point pursued a career in academia. but he took his first job out of school at apple, then later joined the now legendary paypal mafia. now a partner at greylock, hoffman sits on seven boards. he is the author of "the start-up of you," and now a new bo"t

program didn't have the time to be in a job or internship so we're working with employers, sf made and linkedin and other tech companies to have internships just for them so they can go to that and in the morning go to the credit recovery and a connection between the two and see if what helps them the next year and more successful and likely to graw. hopefully we will do that for 30 young people and something we tried last year that again was successful and this year is neighborhood job fairs. we have young people from the neighborhood apply for a small business in the neighborhood and we make matches : we did it in sunset and bay view and hopefully do to them this year and a great tool that we have supervisors involved. supervisor cohen, supervisor tang involved in sponsoring the events, small business from the district and young people and a nonprofit from the district and it's been successful in that way so we're hoping to continue those again this year. i will pass along to thomas myers who will talk about a couple of the big events upcoming. >> thank you and good afternoon supervisors and

professional networking site linkedin is buying into the online learning business. it acquired a cipher $1.5 billion. lynda.com is a subscription site. the classes are offered in five linkages languages.a warning from the president of iran . he says they will not agree to a deal unless economic sections are lifted immediately. that is likely to come look at efforts to reach a final deal with iraq. the u.s. and its allies want to suspend sanctions only after international monitors verify iran is complying. here in new york, property prices are soaring in brooklyn. the median home price in the first quarter rose 18% from a year ago to $611,000 setting the sixth record in eight quarters. there is a limited of supply -- there is a limited supply of homes in brooklyn. you might say how sweet it is unless you are renting are looking for a home. stephanie: luckily eric owns his home in brooklyn. erik: i am a denizen of the borough. stephanie: let us move on to energy. the industry's biggest acquisition since 1998. it could be just the beginning. oppenheimer senior analyst

matt: i hate to disturb you but linkedin is making a purchase of a company called lynda.com.reaking news. scarlet: it's an online learning company targeted towards educational professionals and anyone looking for a job. this is a $1.5 billion deal, cash and stock. 52% cash, 48% stock. i was just looking on the bloomberg terminal here -- historically, linkedin has made 12 acquisitions. this will be number 13. the next biggest purchase so far is $175 million back in july of 2014. these tend to be smaller purchases. matt: this kind of environment come if we break and for every $1.5 billion deal you will never be able to finish a sentence. m&a is on fire this week. let's get back to big data. companies are using your data to tailor acquisitions as well. let's stick to advertising for a moment. what can managers learn from what you give them? how can they swing a buyer from a bmw to cadillac? bill: it's all about impression. we don't know what we need until we see it. going from cars to an iphone or the apple watch, no one wakes up in the morning and says i need a watch that will

>> well in mountain view we have google we have linkedin we havefá intuit microsoft, allok in there.u were talkingÑiok earlier about ransom we have so many people so many businesses want to come to mountain view that we don't feel like it's a ransom. it's just you haveçó to come to us and prove what you can do for the community benefits for us. and that could be helping the schools, helping the transit, helpingi]çó the freeways helping q housing wi-fi,Ñi infrastructure, all these different things. so we're not feeling that as a deterrent for those people to come along. what they're doing is their community benefits, they are helping usq in some regards and we'll see how it goes. >> lisa, it's different for east palo alto. >> it's different for east palo alto because although we're in silicon valley we don't benefit from the companies. growth is happening outside of palo t(alto. part of that, we can't develop becauseaw2q lack of water. that's something we faceko in our community right now. as i look and ilp see all the different cities i seercik:mÑi going up and development actually h

greatest recruiting tool we have ever seen if you missed the amazon or twitter you want to be with linkedind double over the next and - - year -- decade. >> picking one out of today's general electric that is the time to look at it. >> a think you're right. >> you want to get the young people to be involved over time they should invest that the use with every day with an opinion that is like apple because everybody has one. >> ups made an acquisition and ultimately it is two or three companies around the world. somebody has to transport don't be afraid. >> i know you look back on the show but tell us more about tonight. i am so inspired when i watch your show so people have the value of motorship. >> if i could move you through a motion collecting tractors. gerri: --. charles: that got to me. >> i felt all these families we have the marathon on saturday back-to-back episodes of people can catch up and on monday we have to incredible episodes in family-owned oceanfront property to put the matter of business they fought all the way to the top i cannot tell you but i cried he would have to was