we begin with nick woodman of gopro, showing us the new developments in gopro cameras. >> i realize we have gotÑi toçór being just a risk camera company and we have to makeñrñrñrçó accr that people can mountÑi thisÑi little camera anywhere and capture any perspective of life as it is happening. and that way, gopro can be appealing to everybody, because everybody has interests, everybody has passions. everybody is doing something that is personally important to them and we believe that everybody has an interest in seeing themselves engaged in their interests and their activities. and before gopro it was almost impossible for anybody to self capture themselves and we have made that easy. >> rose: we continue with peter baker of "the new york times" talking about the informat( received from the intelligence community about decisions he had to make about syria and i%5$- the initial concernñr inside the government of the united statesi about isis or isil was mainly about as a source of foreign3!uo the united states or europe and commit terrorist acts here. still is a concern but what they d

the stock falling on news that founder nick woodman is breaking the lock-up requirement so he can gift 5.8 million shares to his charitable foundation. the shares have been moved from one of his personal accounts to a new foundation account and none have been sold. there's no date set for selling those shares in fact. earlier this week, cnbc sat don with nick woodman and he had this to say about whether he was concerned about his company's stock price. >> no, it doesn't concern me. stock prices will go up. stock prices will go don. we can't control that. it's important to take a long-term view on this. as ceo of gopro, i am comforted by the fact we have a very big long-term vision for the business. and at the end of the day, as long as we continue to execute an our vision, everything will be okay. and that's really everybody's focus at gopro is think long-term. and i think that in terms of stock price, there's a lot of people that believe in what we're working an at gopro. they believe in the overall size of the opportunity. and we're excited to work extremely hard and passionately to

shares are down mmre than 6% ceo nick woodman, you remember him, kisses to the camera nick woodman, heve morr than 60 million shares. there it is. meaning he's lost $265 million, and i never get tired of that video. spending a lot less than expected, steve ballmer, buying the l.a. ccippers, it turns out he could get half of that back. a goodwill tax exemption allowed for sports teams means that he d receiveillionlars ye refundsr the ne en h bght tham. a seal. pi toashin on bonce thes set bt mak ng fm da cthes fansve to w shneedomonenncae posu. al right, come on, get happy and get a tesla while you'rr at it. a new leasing deal for the model s sedan that comes complith u think about this? >> got to be in the leasing game if you're selling luxury cars. that side of it's good. the 90 day money-back guarantee, kind of interesting. melissa: is there a catch? >> not really expect except you can't just immediately get -- cheerolet had a 60 day money-back guarantee, and, you know, that was to kick start sales. from what we understand, teslas are in high demand, so it's interesting they would ma

making this gentleman, the founder and the ceo nick woodman -- see the smile? the big gaping mouth. se it made him a billionaire four times over. our technology correspondent met nick this week to ask him why the go-pro has been such a hit. >> reporter: he's the californian surfer who wanted to make it easier to shoot action pictures. now nick woodman's go-pro is valued at $10 billion. he's tapped into a big demand from consumers to capture their activities. but why, when everybody was ditching cameras for smart phones, did go-pro take off? >> a smart phone is arguably the world's best reactive capture device, meaning something is happening over there, and i reactively pull my phone out and photo or video that other thing happening. go-pro is arguably the world's best proactive capture device, where you and i are going to go do something fun this weekend and we want to self-document ourselves doing it. so the use cases are totally different. >> this feels like a very successful little company, but it's suddenly a huge $10 billion company. isn't that kind of overreaching yourself? >>

we begin with nick woodman of gopro, showing us the new developments in gopro cameras. >> i realize weve gotÑi toçór being just a risk camera company and we have to makeñrñrñrçó accr that people can mountÑi thisÑi little camera anywhere and capture any perspective of life as it is happening. and that way, gopro can be appealing to everybody, because everybody has interests, everybody has passions. everybody is doing something that is personally important to them and we believe that everybody has an interest in seeing themselves engaged in their interests and their activities. and before gopro it was almost impossible for anybody to self capture themselves and we have made that easy. >> rose: we continue with peter baker of "the new york times" talking about the infot(

. >> nick woodman is here. he is the ceo of the gopro. they went public in june in june. the stock has tripled. earlier today they unveiled new cameras. i am pleased to happen at that table. >> thank you for having me. >> tell me about the beginning. >> the beginning goes back to when i was 22 years old and i decided i wanted to make it as an entrepreneur. i wanted to make it as an inventor. i didn't think about the business side. i wanted to come up with an idea that would allow me to be successful. i gave myself until the age of 30 years old to succeed. i told myself if i don't succeed by the time i'm 30 years old i will work for someone else's dream because i want to have a family and a career. my first business was an online game company. i failed. i started that when i was 24 years old. that business shutdown when i was 26 years old. i have four years left on the clock. i have no inspiration. i had no ideas. i was traumatized from my first failure. failure. with inspiration and a little bit of savings i decided to hit the road and find inspiration. i believe that whe

in fact, making this gentleman the founder and ceo -- nick woodman. see that big smile? you know why he's smiling? it's made him a billionaire four times over. we'll have more onin "gmt" where we're going to hear why he thinks that little gadget has been such a success. i know why it's a success. he's got $4 billion in the bank. the bank of england is expected to hold off raising interest rates when it meets later on today. this is amid signs of slowing economic growth. also a cooling housing market. a report today by uk surveyors says house prices right here in london fell last month for the first time in more than three years. so we'll keep across that decision. not expecting much. i don't know if we're doing the markets. let's go and take a look at the markets. oh, they're right behind me, aren't they? i wanted to move! come on! there we go. now i've got to get my clicker. these are the european markets following suit. we had a cracking day on the u.s. markets. that spilled over to asia. why? because we saw the minutes from the last u.s. federal reserve. the minutes f

nick woodman is a genius. beyond what i even thought he could do.owever when i -- i remember once losing my credit card in a nightclub and i went back in the morning to pick it up. and i waited to 1:00 to open. and when i went in it stank of stale beer of the night beer. this is a disco shock. one day people will wake up and say whoa it was so shiny last night and now it distinction of stale beer. i don't think you can prove out the content is worth a 16 multiple. >> does it have to be when they can sell a camera for 500 bucks when last year they were selling a high end camera for 400 bucks and the margins are. >> i think you are going to see growth in the 129 offering. more growth at lower margin. >> the bigger issue on this is we have seen this movie so many times. we saw it with the flip cam, samsung. big phones. nobody had big phones. then apple comes out with big phones. two quarters in a row they get decimated basically. i agree with kevin. love gopro now. they are about 10 minutes away from apple going into this and them getting killed. >> in

that's the news that founder nick woodman is itself going 5.8 million shares to create a new charitablendation. and by doing so, has avoided certain ipo lockup rules. now, i spoke to someone familiar with this process, and i was told that the shares have simply been moved between one of woodman's personal accounts and a new foundation account and that none have been sold. nor is there at this time a schedule in place for the foundation to begin selling those shares, and that's not expected to happen for some time. now, i was told the timing of doing this was actually for tax reasons. woodman's existing lockup would have ended in late december. so we wouldn't have been able to affect the shift technically until the 2015 calendar year. woodman, i'm told, has signed on to that buffett/gates blej to give away half his wealth and wanted to get the process started sooner. my source tells me that the deal that was done in the last day was done for administrative purposes and not because, brian and mandy, those shares will be sold in the market in the near term. they are still in an account. th

. ♪ >> moving and shaking this hour, nick woodman, shares of the action sports camera maker, up as muchs 20% in the premarket. it was the first quarter as a publicly traded company, and it forecast fourth quarter revenue that smashed estimates. the company says it's feeling terrific about business on all fronts. you might be if you're skydiving, too. go pro stock had fallen almost 30% from its high in september. he developed the go pro cameras for surfers, bikers, and skydivers. he also has a booming youtube channel with over 2.4 million subscribers, all to be monetized. coming up -- the san francisco giants had plenty to celebrate after the world series, as you heard from cory, but tv executives, ah, not so much. we're going to tell you why. plus wal-mart trying to jump-start sales here in the u.s.. a price cut always a good start, at least for consumers. ♪ >> the holiday shopping season starting early at wal-mart. the company announced it will cut prices on 20,000 items starting tomorrow to get a jump on competitors. julie hyman has been following the roll backs here, also with us is

j, i know you know the story, those of how don't, the woodmans, nick woodman and his wife set up a foundationey gift some of their shares into the foundation, they get around the lockup by doing that and the shares were absolutely hammered today. people, i think, kayla, just assumed that, okay, getting around the lockup, they are putting the shares in the foundation and then they are gonna sell when both of our reporting would suggest that's far from the truth new york immediate plans whatsoever to sell the stock. >> that was, of course, the first question that i'm sure you and i both asked our sources on the story, what point do the shares come to the market? that was the market's fear, right? you have the foundation that needs money to fund itself to give out grants, to hire people, they would need money to do that. and sure, at some point, the foundation will need money to do that, but that could be quarters out yet. the lockup for woodman won't end of december, count six months from the june 26 ipo and i was told that the reason why he chose to do this early was to have the transaction fi