in mahaney's case, an e-mail chain with a french reporter working for "capital." he responded on the record to questions about revenue estimates for youtube which were previously unpublished. and when a communications rep reminded him that he would need clearance to respond, he backtracked and said he wouldn't respond. the junior analyst sent a preview page of unfinished research to the head of the facebook app to a reporter at tech crunch. it gave the bulk of numbers that would appear later in a full 30 to 40-page note. during the process, the owner said that facebook reminded citigroup several time of nondisclosure agreements related to some info. shared by the company, namely user base. definitely an interesting story. brian, we're just seeing headlines now from the "wall street journal" that say that the massachusetts secretary still looking at facebook-related actions and that perhaps the citigroup analyst case is not the only one. >> kayla, thank you very much. >>> let's talk more about this now with henry. i am confused, okay. i read the report. really ther

mark mahaney, was let go for allegedly giving a magazine reporter his unpublished revenue estimates on google. and a junior researcher on mahaney's team was also forced out for allegedly disclosing confidential non-public details about the facebook i.p.o. to a tech blog. the dismissals came after the state of massachusetts fined citigroup global markets $2 million for those improper disclosures. >> well, here ons with the, you know, pretty lame day of trading and everybody is worried about this hurricane sandy we were talking about and what it's going to mean for the financial markets on monday. it could be either a slow day or no day depending on the damage and of course that's not going to be good for the markets overall. >> tom: we didn't see much price action although trading volume picked up slightly today. not everybody was getting out of town early on the east coast, certainly. >> tom: after a week of some big drops, the major stock indices ended with a whimper today. the s&p 500 didn't e any reaction at the opening bell n' the stronger than expected economic growth report. inst

revenue estimates that had yet to be published by by mahaney.he junior analyst shared a preview of the forthcoming reports on facebook even as citigroup signed a nondisclosure agreement with the social network in conjunction with that poip. t osteoporosis -- ipo. when asked whether that could be published, he said, "my boss would eat me alive." an interesting story for citigroup and the analyst community. a lot of them are quick to make comments. mahaney, according to the consent order, made the comments to the french reporter. then when the approval was signed said he did not respond. going back on his words. a very interesting read if you pull it up. that's the latest now. >> also raises questions about the degree to which senior analysts like mark who was perhaps the biggest gun at ci citi in a lot of ways responsible for the junior team. >> i think that's exactly right. obviously the junior -- if you go and read this e-mail correspondence, the junior reporter was merely sharing it with a reporter at tech crunch to give a sense of how the str

. >>> citigroup fired internet analyst mark mahaney over the facebook ipo fallout. citi told fox business that mahaney failed to stop the release of confidential information about facebook before that company's initial public offering. citigroup was hit with a $2 million fine from the state of massachusetts for the disclosure of that information. >>> and online businessman paul siglia has been charged with a multibillion-dollar scheme when he filed a federal lawsuit falsely claiming he was promised a $50 million share of facebook. the u.s. attorney's office said he forged and destroyed evidence in support of his claim. that's the latest from the fox business, giving you the power to prosper david: it's market cap is small but overstock.com stock has been moving big-time recently and caught the attention of investors. the stock is up over 30%, just two day, following a glowing quarterly report. visitors to the overstock's website, they're buying more and revenue increased and market share broadened as the smile on the face of the ceo patrick byrne who joins us in a f

>> and mark mahaney came out and put a price target on it. there's a lot of tail winds to the stock right now. valuations are still a little ridiculous. with that said, i think the right way to play this is not so much play from the longside. we talked about this last week. we said we're going to see a continued rally. we're getting it now. let the shorts flush themselves out. i'd rather get on the short side. >> come on, citi the other day said, you know, the analyst was positive on the stock because customer satisfaction improved. customer sats faction of existing customers doesn't tell me that they have a great strategy and way to grow their new subscribers. >> and you know, judge, it only could have improved given where it was. it had to be at a trough to say the least. so it only could improve. that's the reason why i think the stock has got on tten to th point. i understand what tillson is saying and mahaney. >> do you expect this move or is it about to evaporate? >> no. i'm a hater. all the people being very bullish this week, they're

after terminating internet analyst mark mahaney, citigroup issued a statement they are they're pleasedhe matter resolved. they say he failed to stop information about facebook prior to the ipo filing. >>> manhattan district attorney's office charging a businessman with a multimillion-dollar scheme to defraud facebook and mark zuckerberg. he filed a federal lawsuit falsely claiming to have been promised a 50% share of the company and doctored and destroyed evidence to support the claim. >>> stocks searching for direction in afternoon trading. the dow is still positive. that is the latest from the fox business network giving you power to prosper melissa: only 11 days to go before the election. third quarter gdp grew at a higher than expect the two% rate. consumer sentiment rose to the highest level in the five years. phillip swagel, economist at university of the maryland and former treasury secretary says the date is not as good as it seems and he joins me now. one of the thing i noticed in this report that government spending jumped quite a bit in the quarter. it was up 9%, or better t