there has to be more -- >> more than a myspace page.king fun of her assistant principal. >> i said, there really is nothing else. so i just cried and cried and cried and cried and finally, my father said to me, this is not the laurie i know. she would not sit here and give up. i'm like, but, dad, this is a judge, what am i going to do? he said, you're going to fight. i call the name on the back of the card and it turned out to be a public defender. he laughed when i said, yet the following appeal. he said, ciavarella doesn't allow appeals. i'm like, you're telling me, we can't appeal or that it is pointless or it is not allowed? what are you saying? he said, it is pointless, ciavarella won't even schedule it for you. i'm like, ok, and i call the public defender's office in harrisburg. pennsylvania is a commonwealth and things are little different. capitol harrisburg and then said, no, of course juveniles can have appeals come up but were not getting involved in a county matter. so i call the governor's action line. they were like, ok, w

joe abrams, who helped cofound abrams -- myspace. patterson, thank you for joining us as well. be 2014, but may it pays to be retro. we get behind the wheel of one companies that is cashing in. ♪ >> breaking news. has just written an open letter to ebay's shareholders. more --gan joins us with more. >> this is an open letter to shareholders. he is criticizing the board, pacific lee to members of the board -- specifically to members of the board. he goes on to urge ebay shareholders to vote for his support two separate paypal from ebay. extend the message to management that shareholders want these companies separated. we will have much more on this developing story. carl icahn will be joining me at three clock p.m. on "street smart" to discuss it. >> thank you so much. carl icahn on her program later this afternoon. let's switch gears for a moment -- literally. major carmakers have nothing on detroit house newcomer at qwest -- equus. this car both modern suspension and technology. matt miller has more on the auto throwback to the 60's

when facebook was born, the social networking scene was , but sites like myspace and friends reunitedwere soon fading into obscurity leaving mark zuckerberg as the undisputed champion. freshcebook faces challenges, new mobile apps, snap chat, and what's that? this for teenage networkers. i huge proportion of young people still use facebook, but for some their enthusiasm is waning. >> it has gotten old, like myspace. my sports teams go through facebook. becoming lesss cool. people are moving to twitter and stuff. >> victoria is an academic and in frequent user of facebook. >> when did you join? >> 2008. >> her research suggests that way weect on the communicate may not have been positive. >> sometimes it feels like a digital hit and run. teenagers take arguments and put them online. suddenly they are public and will be there forever. >> still, facebook's huge and growing audience seems certain to make it ever wealthier. the trick now is to make targeted advertising better. rory jones, bbc news. >> my teenaged children are starting to look at other forms of communication. now to a true

she was incarcerated when she was just 14 years old for posting a joking myspace page about her assistantdid. but finally it was hillary's mother who fought this injustice and helped expose this amazing scheme. joining me now is hillary transu and her mother laurene and robert may, the academy award-winning producer and director of "kids for cash." thank you all for being here tonight. >> thank you. >> thank you. >> robert, what made you do this documentary? >> you know, i actually live in luzerne county, pennsylvania, where it happened. and all the other projects i worked on, worked on from my offices in new york here. but we were developing another story about kids and greed and power when the scandal broke in january 2009. and this was one of those stories, the truth was stranger than fiction. and i was aware of these judges who were celebrated by the community for many years, didn't know them personally. and i was really curious about how they could wake up one day and perhaps do something so evil. >> but i mean, it's an unbelievable story when it came out. i think one of the most gri

. -- did anybody have a myspace account? the cofounder of myspace is joining me. other things outside of myspace after it died on the vine when it was bought by news corp.. your governor david paterson up tooin us. is teamed create a new company called the jobs channel network. to gete as social media people jobs in the united states. >> it is time now for our morning at numbers. futures are up five. a downgrade from apple. this is not a standard brokerage. the share prices down a quarter of one percent. >> that is about as close as it gets to avoid. deal between comcast and netflix where netflix is going to pay comcast in order to be assured that it will get bandwidth so the movies are clear. comcast is up one and one half percent. netflix is down because it is paying money. it is curious they were able to put this deal together. we not know the -- terms of it. >> verizon shares are the most actively traded in the market. they are down 6/10 of one percent. --y are gaining four percent targeting four percent solid growth. four and half percent yield. that just doe

with these snotty little brats on myspace. they put signs on the fridge telling us at red eye not to eat their food. they were jerks. >> was it kale and areg law. they got sold out because they sucks. >> john elway is one of the best football players of all time. that paid well. he then went on to start one of the most successful car dealerships in america. that paid even better. he's american capitalism personified, so which political party do john elway's beliefs align with? the pro free market party, of course. >> we're given the opportunity to succeed or not succeed. for us to be able to -- i don't believe in safety nets. obviously, we have to some kind of safety nets, but when you're given the opportunity, take advantage of that. that's when you get the best out of people. so my belief aligns best with the gop. i wouldn't say i'm way right. you know, i'm middle right. >> he's a walking advertisement for the republicans. i agree with that. he grew up with a privileged background. >> he did not. >> he did too. >> his dad wa

ten years from now is facebook myspace or is it aple?> i'm bullish on the prospect of facebook being here for a while, and julia kind of touched on it, but its messenger app is really kind of the future of where it's going to be at least internationally. messaging apps in asia and south america are blowing up and facebook messenger is this backdoor into everyone's phones and the way they communicate. >> i think it's really amazing how bullish the two of you are, right? neil, you say in about ten years' time facebook could have a market cap of $450 billion to $500 billion. that equates to $200 a share because everybody that brian and i speak to, including ourselves, have gone off facebook. >> absolutely. well, you know, this company has really pivoted to becoming a mobile first company with over $1 billion of ad revenue in the fourth quarter alone from mobile. there's multiple opportunities for multibillion dollar revenue streams from instagram, from video advertising, and from a mobile ad network. we think facebook can really sustain hig

now we say myspace, what's that? >> well, as chase mentioned here's the first facebook home page twoyn 004. one million years and a handful of campuses and of course this is what facebook looks like today. more than a billion active users. >> and we like to keep in contact with you so. you can talk to us on facebook. as well as christina loren. you post weather updates. >> i'm going to give you a big one right now. we're talking about the potential for big rainfall totals getting into the next few days. today what you need to know, temperatures cool, breezy out there. we're going to hit the 50s. you need the jacket. you can use the umbrella at home until tomorrow. and yeah, before all is said and done with three systems on the way, we're talking about potential measurement of over an inch and a quarter in santa rosa. here is mike inouye and your traffic tuesday drive. >> look at all of this mess. this is your drive or your holed up with traffic. 880 at the coliseum. three crashes. between the coliseum and downtown oa

this means that a decision on the myspace to see him all that the citizens of wounds sustained due to internal market. those whose government is to promote proposals was in the next three years so there's no reason for us but it all about the note that the disagreement is so is its own and that his skin conditions of a degree it's in the office of the agreement signed dangerous because of the situation. these agreements are very much in in just over six of them. it is a patient into a market for the people who go for only what is the fall the tombs of the total market and nothing good to be very difficult to explain to all people. cherry creek sorry so that the essays people with little down on the proposals that would hurt the economy. the stock despite the government's warnings that that was my week has been taken the steel ready to do that this decision has brought a mobile phone has insisted his demonstrations in cities good to see that is especially interested in sitting of the countryside the drums the country so it's both. only for the struggles of something the hope of that is

consideration when meeting puro for fire standards on the exhaust systems at chutes and set set and myspace head office in moscow. computer simulations show the path of the airflow inside the exhaust and the frequencies of the sound produced engine is then used as information such as just the size and the shape of the device accordingly and one of the main challenges is to optimize the speed pressure of the day it's in the consulate to. the main trick in designing the sound of a car exhaust is to find chewing the vote so that the high frequencies are muffled as much as possible within the output spectrum that will give you a relatively simple and efficient set up. and said it can produce around three hundred thousand exhausts and one hundred forty thousand catalytic converters a yeah there are grand plans for expanding the company's science into law because three fold and opening a high tech r. and d. sensor puts in the meantime one lucky drive will have this exhaust system for the technology old date seal of approval not only is located just forty kilometers down the road from. the city's

well we hear from the sultan myspace said the hotel and then make a statement like that we haven't heard anything from the minister for justice and that we probably will not hear from the minister on till after he briefed the cabinet tomorrow morning evidently the issues in relation to the ad the work of the british consultancy company here and there are many good questions for the company in the sense that i am what sort of oak weapons they brought in to london because there is legislation that would apply in relation to its equipment being taken out of the country that the standards that must be licensed as for the use of this equipment and the export of this equipment. so whether or not to me the questions the company to once or the re also be questions the deal was not to answer in relation to a mother and asked dr was compromised and whether or not the god on this commission should have informed the doctor protection commissioner neville all of the garda commissioner if the was a crime commission. i can post them i was thinking when they returned to before the end but with the team

half of the present political appointees are his sponsors and or fundraisers the reported plan with myspace by his donors from passing ships expanded new release two new in dollars to those concerned about the qualifications of its nominees the white house has a diplomatic answer. being a donor to the presence campaign. it does not guarantee you a job in the ministry to that is not prevented from getting many are worried about the message that some of these appointments and to the world the structure reinforces the perception that one of the americans are not listening to their counterparts because the policies of may in washington and the people who are delivering the policy really are instructed to deliver and what they're getting back isn't going to have any input whatsoever into the decision making process. what did they know what his policies are. do you agree that the us embassy in china should be an island of freedom. that's a question i'd like to have to the work of illustration i did not know that this position also precisely on that point. korean diplomats and some lawmakers here

taken to the tribunal before i leave them at night to watch the show i listen to on the final as the myspace agreed on easing the century and played well under way to go to the concrete story says he fell at the direction that happening street scene which meant that we did not seem that the toxin in a rush he said. if you need another country to represent a wee out what the people of funding and expertise he needs to have it down from russia's point. i don't know if we go with a cracking read next. when a student in the pipeline had to do to make it see the old willfully on fb and on. do we. i love to take back his old friend into his eighties when kim beazley weekend and i can speak and what he has become the next step directly into thinking that because during his time in so she picked up two gold medals. which means he's not all that eating thai food. i have a six olympics that's amazing. then of course i cannot talk about seeing him russia's number one number one and this is the main reason for many others in banking before you and everybody was safe disappointed to stroll it was a lot o

and facebook, user interest will be the end, like myspace. facebook like myspace. that hurts.of attrition before they start to fall. at 10 timesding earnings. even at apple, a different story. andhey're doing some things looking at other revenue sources. >> jeffrey hayzlett, thank you for joining us. always happy to be here. >> in the loop is up next. ♪ >> good morning, everyone. live from bloomberg world headquarters. you are in the loop. i'm trish regan. is dropping -- he will add $66 billion for defense programs. he seeking more revenue through taxes. he will summit the budget to congress next month. herbalife is making its case in washington today. of company has been accused being a pyramid scheme. they invited investors to ask questions about how they operate. they say herbalife provides capable ofat are not being resold. they're trying to conform their business into a more dynamic wireless carrier. double has been able to dish's share price. in the ukraine, a fight broke out in parliament this morning. mediators have been working to

. >> those are becoming the myspace of the social media space. >> thank you for joining us.ing up, how to build your body for endurance. athletes turn to altitude training for edge. you will make -- meets the company that helps them. ♪ >> imagine taking responsibility for getting amateurs up the face of mount everest. this company cut -- does just that. in our new series, small to big, he told me how he was able to trust the safety of his clients before he made his business larger. small mountaineering guide company and we focus on bringing people all the way from very little mountain climbing background all the way up to the summit of kilimanjaro or mount everest. in this world we are so busy and having an opportunity to go where nature and amounts are in control is powerful. i started out the glow -- alp expeditions myself and i still read every expedition we to grow so it was hard the business. the hard part was learning to let go and allow other guides to run trips. there is risk involved in what we are doing and potentially an accident could happen in the mountains. att

i'm not sure we can help those of you still using myspace. use the hashtag reiders.ues and stories ought to be on our radar? we will bring it to this space every day. and we're going to say power to the tweeple. >>> okay. so a crazy thing happened in los angeles last night that you will not believe. a basketball player played basketball. but it wasn't just any player. it was jason collins, who by taking the court, became the first openly gay player in any of the four major sports. one day that might not be news or a big deal. but right now it's history. collins tried to downplay the moment. >> right now i'm focused on trying to learn the plays, trying to learn the coverages, game plan, assignment. i don't have time to really think about history right now. i just have to focus on my job. >> the 35-year-old played for 11 minutes, hauling down two rebounds and getting a steal. one person who might have been paying particularly close attention in an altogether different pro sport was michael sam, who is at the nfl combine right now in his quest to become that league's fi

because they're both losing young users and not attracting young users so they risk going away of myspace of aol. >> if i get a text on my phone, this is my mobile app. i'm still paying verizon, at&t, or somebody something, why is this better than text? a stupid person question asked by erin burnett. >> there are no stupid questions. >> in layman's terms texting takes away from a bucket of texts that you may get. you may have unlimited texts and it doesn't matter. texting in forms of data is very, very small amounts of data. even if you only have a one or two gigabyte data plan sending hundreds of messages is not going to eat big into that. >> little cheaper? >> definitely. >> do you buy into this? i get it, apps are popular. but $19 billion. >> it's not the $19 billion. it's the 450 million users they have. they're signing up 1 million people per day. think about that. we have 320 million people living in the united states and they have 130 million more. the challenge, brett mentioned it before, i talked to experts, experts being my nephews and nieces on my way over here, it's funny. the

all my money, took all my life savings, put it in a satchel, and some kid ran up yelling "i love myspacer ] hit me in the back of the head. >> jimmy: we'll talk about this later. i think i know who it is. >> steve: judas priest! [ laughter ] back to work. >> jimmy: uh, you guys, i thought this was very interesting. there's a new study that says that americans lost $119 billion from gambling last year. but on the bright side, other americans won $119 billion. depends how you look at it. congratulations. big changes going on over at "dancing with the stars." after 17 seasons, the show has fired its 28-member band. so now the only band on tv with 28 people is the roots, ladies and gentlemen. there they are, right there. [ cheers and applause ] the roots! roots! actually, "dancing with the stars" is even considering doing away with the band all together and going forward with no music. and they've tried this in the past. i don't think it worked. take a look. [ tap dancing ] >> one, two, three, four, five, six. one, two, three, four, five, six. [ tap dancing ] [ laughter ] [ cheers and applau

. >> reporter: the company has succeeded where competitors like myspace failed. >> they were not afraidkind of rip everything out and rebuild. they did that a bunch of times with these radical redesigns. >> reporter: but constant facelifts for facebook may not be enough to retain younger users who are increasingly turning to other social media sites. >> not as big a deal as it used to be. we mostly are on instagram and snapshot and stuff like that. >> reporter: facebook's purchase of instagram in 2012 hinted where the company is headed the next coming years. it will be focused on mobile and stand alone apps like the new paper app. >> the idea is to give the user an experience that they wouldn't maybe even think of as facebook. >> reporter: this is an original harvard facebook made of real paper. it's filled with students' photographs, names of high schools and home addresses. it was also the inspiration around mark zuckerberg's multibillion dollar website, one he presumably hopes to attract a bill more faces in the next decade. in san francisco, cnn.com for cbs news. >> to commemorate t

if you're talking about something that's already been rehashed, let's talk about myspace.and paid $19 billion for myspace, that would be something that's already been passed around. but this is something that nobody else has. nearly half a billion folks that go there. 70% of them every day. >> aol back in the day, they only had 27 million users when it was bought by time warner. >> that worked out real well for time warner. >> at least it's the same type of business. it's a communication type business. it's not like google and youtube. we get it. >> what about the company we haven't mentioned yet, one of the most valuable companies, and that's apple. and you have got some others saying this is a company that spent $14 billion on share buyback while facebook went out and spend $16 billion to $19 billion on acquisitions. dr. j, which company would you rather own? >> facebook. they're more aggressive. how much money is apple going to make on buying its own shares back? the answer is if it goes up, i guess they saved themselves some money. but apple is not making anything buil

clayton says, myspace. matt says, goemployee, but wants ap toll pick them up. another, duh.rice line. joe, first, final trades. >> cf industries, moving higher. >> doc? >> hot, the sheridan brand. upside call big. bought that today. >> brice? >> twit. came off on lockup coming off. >> riding a wendy's trade. a lot more. stocking breaking it new highs and continuing to go higher. >> dow up 100 points, a weaker philly fed following a weaker new york manufactures and the market report, which really wasn't bad. >> and interesting, steve and i talking about this before. ten year. 2.76 creeping back up. shouldn't, given that economic data you highlight. i think overall, it's a back and form market and you use a ten year as your lead where we're going. >> and strong pmi, though, this morning? pretty strong enough. i think that really says it right there. the economy -- >> the market pmi. yeah. that was strong. >> right, right. >> so nationally, the data says good. regionally, data says, ah. >> and the market sold off of talk at the fed rates should go up sooner than they thought. t

chief saying the recommendations were kind of like picking myspace and blackberry because they were marketcky avarall and john forte. john, i know you dealt with frank shaw. i give him props for sort of going back at it. what do you make -- is this a fight brewing? >> well, frank is not shy about letting you know what he thinks. i know he watches cnbc. >> hi, frank. >> be careful what you say. >> first of all, his argument was a nice one but it didn't address what was said, which is that if you want to get into the right ecosystem, here are the choices you should make. the column said you want to be able to take your data with you and here are the services that will allow you to do that. if you are on apple you can use apps, et cetera. it wasn't really the argument frank shaw was making about don't just go with the biggest, go with the most innovative. >> what do you think? >> i read frank's response before i read the original piece and i thought frank might have been upset it mentions microsoft failures and farhad didn't mention that. he just talked about other companies that are doing th

no youtube, no twitter, and fast- growing "myspace" was just a year old. but february- fourth, 2004. saw the launch of the company that would go on to dominate the social web. >> reporter:laurie segall takes a look at facebook. as the company prepares to celebrate its tenth anniversary tomorrow. >>i just spent the last week in a relationship with a girl who i broke up with a week before >>she knows it's complicated, you know it's complicated. it's complicated >> reporter:that would be mark zuckerberg in 2005 with his then colleague chris hughes.talking about his relationship status. >>did you get my email about the relationship status thing? >>yeah i figured i'd talk to you about it when you actually got here. i think that's a good idea. >>if you break up with someone, it's sort of *bleep to go back to single. or if you're actually in a relationship where you're hooking up with someone, ya know? >> reporter: >> reporter:the origin of the "it's complicated" relationship status. >> reporter:but facebook's origins - started with mark zuckerbeg. and this week,

i never did the myspace thing. i lived with my little brother at the time.o okay, i finally took the plunge in 2008. to lori, she's been looking at what's in store for the next ten years for facebook. and it seems things could be a little trickier. >> and the big question was, is this something that could work outside of college? everybody said no, it's probably not going to work outside of college. >> reporter: in honor of facebook's ten-year anniversary, we decided to take a walk down memory lane. do you have some of those stories where you thought oh, my god, i believe we got through that. >> the news feed launch was pretty crazy. i spend -- with a bunch of people, we worked really hard on making news feed. it took us almost a year to build. and we were pretty naive around how it would be received. obviously people were like whoa, this is a lot of change. and there was like a protest organizing outside, so we had to, like, go out the back entrance. >> you had to go out the back? >> yeah. and it was just one of those things i look back on right now and it'

no youtube, no twitter and fast-growing "myspace" was just a year old. on to dominate the social web. laurie segall takes a look at facebook as the company prepares to celebrate its >> i just spent the last week in a relationship with a girl who i broke up with a week before >> she knows it's complicated, you know it's complicated. it's complicated >> that would be mark zuckerberg in 2005 with his then colleague chris hughes.talking about his >> did you get my email about the relationship status thing? >> yeah i figured i'd talk to you about it when you actually got here. i think that's a good idea. if you break up with someone, it's sort of *bleep* to go back to single. or if you're actually in a relationship where you're hooking up with someone, ya know? >> the origin of the "it's complicated" relationship status. but facebook's origins - started with mark zuckerbeg. and this week, the company turns ten. >> one of my friends got a computer. and i just thought it was the coolest thing so i just begged my mom for so long to get me a computer. >> the inve

the bbos, myspaces.it was a clean path. >> no, absolutely. >> with no other victims. >> on the conference call for chipotle, they just love twitter. if you go on the twitter feed, they just constantly answer people. like, yeah, thank you, joe. yeah, good job. apply here. they're doing one-on-one marketing with individuals. people are using twitter and facebook in many creative ways. >> right. although not necessarily twitter's benefit in terms of generating revenue. >> no, chipotle, maybe they're -- you go to chipotle's feed, and it's like thank you for that glad you liked the ad. like a one-on-one, very retail marking method for twitter. >> it can work. one customer at a time, i suppose. point out shares of microsoft up, of course. we mentioned this during "mad dash". all reports seeming to indicate, though we have not gotten confirmation from the company, it's now february, expectation was they would have named a ceo, perhaps they wanted what i heard they wanted to before the end of january. that hasn'

. >> not to mention for every facebook there's also a myspace which can be a -- at least an example ofe smart to sell. >> yep. >> yeah. perhaps. >> that was in a conglomerate. that was not run by -- >> originally it was. >> news corp. bought it and it had great value for a while. >> yes, when they paid for it. >> they only paid -- they didn't pay very much for it. it was worth as much as ten -- >> all right. >> lots of lessons all throughout. >> we can talk about that -- >> there are a lot of angles on the story and we'll pursue many, many more on "squawk on the street." we want to point out the big consumer name of the day, walmart, beating estimates, the stock is under pressure, though, this morning and courtney reagan is back at hq to tell us why. it looked like the guidance disappointed. >> it's one of the things that disappointed. the question is can the retailer do anything to trump the economic headwinds that are really squeezing its core consumer. iterned with its profit would come in at the lower end of its previous range which it did, though edging out consensus by a penny. r