s executive including ceo marissa meyer. given the range of new tools and products she announced for developers these are tools that will help developers that will measure, monetize or advertise her app, did she think those new products were going to help yahoo! take mobile shares from google facebook, here's what she had to say? >> mobile apps you are going to see it continue to rise and grow. that said we have seen in the past few years we've seen great growth both in terms of total revenue as well as in terms of share. >> marissa meyer going on to tell me. two words, she remained pretty confident. she can take share from google and facebook. remember yahoo!'s mobile ad revenue was 4% of the overall market. google is at 35%. facebook closer to 20%. meyer did tell us today that mobile adebayor revenue clocked in at $1.2 billion. the mobile ad business growing really fast. >> josh thanks. listen, i was distracted for a moment there by her voice. it sounded worse than usual, josh. do you know, is there anything in particular

. >> reporter: yahoo's ceo marissa meyer said when she first joined yahoo in 2012 the mobile business there was a hobby, not a job. these days meyer is working hard to change course. that's why today, she hosted yahoo's first ever mobile developer conference. where the company announced a sweep of products for developers and touted yahoo's mobile success. >> this reinvention of our products for the mobile space is we're having the achievement i'm most proud of as my ten years at ceo. investment paid off. tremendous growth in terms of users, revenue and time spent. not only have we seen the growth but outpacing of the historical rate. which, by the way, wasn't that hard. we have actually outpaced the industry rate. >> reporter: meyer said yahoo generated more than $1 million in mobile ad revenue last year making the company the third largest ad company in the world. still. meyer has a lot more work to do. this year actors yahoo ad revenues account for 4% of the overall market. . compared to 35% for google and nearly 20% for facebook. the challenge had is even with a lot of progress the

here, but this time he's getting a pretty big snub from some, facebook's mark zuckerberg, yahoo's marissa meyer and google's larry paige and eric schmidt are not going to the cyber security summit. bloomberg reports it's because the feds are hassling thing over data encryption. tim cook is going. he'll probably talk about apple security policies. the company recently changed technology on the new iphone to encrypt data much to the government's chagrin. after the president wraps up at stanford he'll be heading to a democratic fundraiser tomorrow night on russian hill and takes off saturday morning. it's a sure bet traffic will be a mess on the peninsula and in the city. >>> luke fignora's luck ran out. he was getting ready to stand trial. prosecutors accuse him of taking delivery of $11 million of art and not paying for it. tonight we are hearing the fbi director made a rather startling public admission about the problem of racial bias. he says yes, it does influence police officers every day. >> two young black men on 1 side of the street look like so many others that officer has locked up. two

marissa meyer recently said about its messaging presence last week. >> i think small is actually an overestimationon't have a mobile messaging app. adam, what are you doing than? but in all seriousness, i think that it's certainly something that we're interested in because of yahoo! messenger, the pc platform. i know that's something that we have a lot of legacy knowledge in. and it's an area that is really growing. >> so clear lia hao is interested. facebook was interested. are you willing to put yourself up for sale? are you talking to anybody? >> first of all, i'd like to say that i think yahoo!'s strategy of sort of going mobile, focusing mobile and aggressively acquiring mobile companies is a good one for them. that said, we think that this messenger race that we're in right now is an absolutely tremendous opportunity. so right now we're 100% focused on building an independent sustainable kik. >> independent. does that include an ipo? >> yeah, i think that might be a cool possibility at some point in the future. maybe we could be on this show more. >> all right. we'll take you up on it. you f

people like marissa meyer of yahoo!hmitz of google and larry page of google also i should point out their top deputies in security will be attending the conference. stuart: what is the reason for this? the people of facebook and google disagree with what the president wants to do in terms of surveillance? >> they feel he hasn't done enough to reform the surveillance programs ed snowden talked about and they are fighting him hard here in washington to make changes and fighting hard on capitol hill to get congress to reform these programs and while they tend to favor president obama in their campaign donations in 2012-2014, you saw plenty of donations from these companies going to republicans on capitol hill who control the house and senate. stuart: thank you very much indeed. and be a legend carl malone making some headlines for comment that he made about government handout. i will give you the direct quote. here it is. we need to look in the mirror ourselves and stop waiting on someone to come march on our behalf. take

marissa mayer has said that when she first got to yahoo! in 2012, the mobile business there was a hobby, not a job. meyer is working hard to change that. wants yahoo! to be thought of as a mobile trendsetter. to do that, though, she's going to have to win over and excite the 1,000 developers at the conference today. >> if you're one of the leading internet assets out there, you have to have a good mobile strategy. that's why yahoo! needs to host a mobile developer conference and show it's got mobile chops. not only for consumers and advertisers but also for developers. >> now, meyer, of course, has put a lot of time, effort and resources into mobile. there's some evidence that hard work is paying off. in q4 yahoo!'s mobile ad revenues did jump 23% to more than $200 million. still, yahoo! has a ways to go before it's really thought of here as a true mobile ad leader. this year, yahoo!'s mobile ad revenues will account for just 4% of the overall market. you compare that to 35% for google, 17% for facebook, and yahoo!'s stock has struggled in the face of that competition. still up about 15% in the past 12 months, but down nearly 20% from