in july he wrote a profile of sheryl sandberg called "a woman's place: can sheryl sandberg upend silicon valley's male-dominated culture?" tonight we'll look at where facebook stands, the recovery from the highly disappointing i.p.o., the move towards mobile technology, the enduring concerns about privacy and the competition with google. i am pleased to have ken auletta back at this table to talk about that before we show you an interview i did with sheryl sandberg and marc andreessen who's on the board of facebook. we begin with this question, though. where is facebook today after all the controversy about that i.p.o. >> they're in a very strong position. they've got over a billion users in the world. that -- two months ago it was 900 million users in the world. so they're growing. and they're not yet in china and other parts of asia. so they are in a nice growth trajectory. their revenues are rising. not as fast as some people would expect them to and there's real questions about that. as the world moves to smart phones and away from desktops and people access social networks like face

with sandberg christina rover's name being flolted for the post.years ago the economist was chair of the council of economic advisors and google executive chairman is one more local name being mentioned in connection with the top job in treasury. leon pin yetta is planning on leaving his post. michelle fournoy would be the first woman in that job if she gets the job. one more bay area member of the cabinet to speculate about is steven chuf he steps down, former state controller steve wesley might northbound line. considered for a post in the president's first term. >> thank you.[)t >> a new report suggests current holiday spending spree could end if there is no tax deal by the end of the year, members have until january to work out an agreement with the president on what to do cuts. the white house says if taxes expire the u.s. could be sent back into a recession suggesting concerns -- americans could cut back on holiday spending in next no mo as well. this news sent stocks dropping. the reason it's not completed, democrats want to eliminate tax cu

cheryl sandberg stopped by to lend her surntd and she's coming out with a book in a couple of months. it's something that i think -- it's so frustrating because women have so much purchasing power and always have, especially online now. and a lot of the start-ups are commerce-related and maybe even female-oriented, yet funding isn't quite there. >> is it -- >> for those who don't follow every bit of facebook, cheryl sandberg the number 2 at -- >> sure. >> what's the issue? where's the problem? is it that venture firms aren't -- >> so i'll give you an example. i talked to one prominent vc. will silverin. all of your problems are men. why do you not have any women who are partners at your firm? and he gave the binder full of women answer. we interview candidates. we always look for good women. but we just try and hire the best candidate and we haven't -- >> they don't know enough of them, right? >> so i asked william draper about that. historic figure. he said you're right, it's a boys' network. usually you hire people you remember from college. sought binders answer kind of applies to

sandberg would become the first female treasury secretary if e elected. >>> in other news, chris stevens, the late u.s. ambassador to libya was honored with a post hue mouse award last night in washington dc hillary clinton served words last night. >> chris stevens was an inspiration to all who knew him during his life. >> earned the common ground award for peace building. his sister ann was there accepting the award on his behalf. chris stevens grew up right here in the bay area was killed along with three other americans in a terrorist attack on the u.s. consulate in benghazi on september 11th. >>> happening right now, people are camped out at the sacred heart community service in san jose. why people are camped out even though it's raining and cold, janine de la vega. >> reporter: it's been cold and wet. they've been huddled together out here not getting too much sleep. we're told the first person was waiting here since 11 yesterday morning. they're here in front of sacred heart community services. they're in line to make sure to register to receive help for the holidays. this line of

eric smith and facebook chief operating officer cheryl sandberg are both on the list of possibles for the new treasury secretary. president obama appointed schmidt to his counsel of advisors on technology, and sandberg served as chief of staff of the treasury department and she would become the first female treasury, if elected. >>> the controversial health program coming to the bay area. >>> it's called e medal of honor. it's a video game made by a redwood city company and it's caused lots of controversy. we'll tell you about the navy seals who helped create it. >>> we'll tell you more about the morning commute and the bay area weather. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> good morning to you and happy friday,

a one factor that could keep sandberg from taking the post if it is offered is more than a billion dollarsoptions from facebook. option that's will be vested over next 10b/2q years assuming she remains in the company. >> congress is back to work today and efforts underway following long holiday weekend. lawmakers have until the end of the year to agree on cuts. >> the countdown to the cliff now stands at five weeks. if congress doesn't act, $650 billion going into affect on january 1. there are now increasing signs that republicans may be willing to deal on the most controversial issue. tax autos i'm willing to generate revenue. >> for many, doing just that would mean breaking a pledge to not raise taxes and taking political risks that come with it. >> world changed. >> the no neweh9hn taxes pledges the brain child of grover norquist. >> the pledge allows elected officials to make it clear openly to the voters where they stand. >> here in washington he carries weight as evidenced by lawmaker xgh signed the pledge over the years. norquist told abc news this isn't about him and lawmaker auto

. >> coo sheryl sandberg, ex-clinton official, i am mystified.'t guess why. [ laughter ] >> i think information did not want to be free. >> jon: my good friend rick, it's the san diego union tribune. my mistake. >> i'm glad that they apologized. i think that is important. they recognized. i think they should try to work to fix it why somebody was too jumpy on this. clearly somebody on the first level is censoring when they shouldn't. >> somebody felt they thought they were doing the right thing and facebook did the right thing by apologizing. it's a shame it did happen. >> jon: let's transition to the election. election comes tuesday. according to the latest fox news poll, economic issues are most important to voters. based on the fox news poll, likely voters believe that governor romney will do the best job to fix those issues. "washington post" abc news poll americans think governor romney is best suited for fixing the economy. are those concerns and capabilities reflected in the media coverage of this race? alan, let's start with you. >> why d

shareholder sandberg made $7.4 million by selling 353,000 shares of facebook.estrictions expired this week meaning 230 million shares are eligible to trade. the company went public in may, $38 a share, now trading around 21. ceo mark zuckerberg has not sold any of his shares. >> new this morning, sports fisherman men know the significance of first saturday in november. the crab season is under way. it started at midnight. it brings out lots of fishermen that get a 12-jump on crabbers. competition is fears. majority being caught within the first six weeks of the season. crab fishing occurs in bodega bay and half moon bay and monterey bay. they are limited to six to ten crabs per catch and there should be some delicious dumping necessary cracks. >> we. >> there is something in your forecast for truly everybody? >> i suppose. but some people are getting tired of the warmth. >> terry: you got something later on. >> lisa: just a little something. here is a look at our sutro camera. making a beautiful start for the day. more sunshine and warmth and record and rain at

cheryl sandberg made $7.4 million by selling 353,000 shares of facebook. restrictions on insider trading expired this week, meaning 230 million shares of facebook became eligible to trade. another 770 million shares eligible later this month. the company went public in may at $38 a share and now trading about $21. mark zuckerberg has not sold any of his shares. >> new this morning, sports fishermen know the significance of the first saturday in november. recreational crab season is now underway. it officially started at midnight. it brings out lots of fishermen who get a twelve day jump on the commercial crabbers. their season doesn't open until november 15th. the competition to catch the crabs is fierce. the majority caught in the first six weeks of the season. it occurs in the waters off the bodega bay, monterey bay, half moon bay. they are limit today six to ten crabs a catch and we are told this year they can expect to find an abundance of delicious dungeonness crabs. >> and around here dungeonness crab season gets you thinking about thanksgiving. we h

batted in and at 25 years old he is the youngest to win the award in the national league since ryne sandbergn 1984. >> tons and tons of credit to dave our head trainer and the rest of the training staff and the doctors that put mibach together. like i say again, this is i think an award that will be shared with everybody within the organization. >> a few family and friends on hand for that announcement. by the way, miguel cabrera was the american league mvp. >>> alex smith's recovery is from the concussion is not the 49ers' primary injury kearneymore. jim harbaugh was sent 209 hospital with an ear -- jim harbaugh was sent to the hospital with an irregular heartbeat admitted to stanford today where he had what the team is calling a minor procedure. the 49ers anticipate harbaugh's return tomorrow. >> you know, so hopefully he is back really, really soon and you know, hopefully it's a minor thing. >> hopefully. can you imagine a doctor telling coach harbaugh, hey, coach, you have to slow it down? [ laughter ] >> he only goes at one speed, doesn't he? >> he only goes one speed. you know he alway

a british newspaper says marissa meyer and cheryl sandberg met to discuss the project.either commenting on the report. >>> thousands of state parolees may get a free pass. more shocking information we uncovered about at plan to reduce the number of inmates in california jails. >>> plus the big award for some of the bay area's brightest minds. >>> don't forget you can wake up with ktvu every morning. get the mornings top stories that developed while you were asleep sent straight to your cell phone every weekday morning at 6:00 a.m.. get your ktvu morning wake up call. texting the word wakeup to 70123. >>> welcome back. time now 5:24. four college students with bay area ties have been awarded rhodes scholarships to study at oxford university. kathryn laport is among the scholarship winners. the other winners include margaret hayden. stanford graduate student rachel kolb. and daniel price. they will receive about $50,000 a year for three to four years of studying. >>> charges have now been dropped against a raiders linebacker. mcclain was supposed to begin serving 180 days

one of the outside names that's been floated is cheryl sandberg, coo of facebook. first one and she's had a terrific choice. another name i haven't heard but my virginia centrist byas leads me to bring up is mark warner, senator from virginia, great businessman, has bipartisan appeal. i think he could be strong as well. the last one that's opening up is chief of staff, jennifer g n granholm apparently she is -- >> yes. >> apparently they really want to get her in in some position. >> more jenny g. >> the energy, cheerleading. >> unrelenting positive vibe and energy. >> for jenny g. >> i'd like to get rahm back. not a possibility. >> kerry is interesting to me. i don't see scott brown as a senator is good for obama. he joined all the republican obstructionism for the last few years. if he broke with his party he'd face the primary challenge and get beat. i don't see the value of that. if the white house has the instinct to bring in john kerry as secretary of state, i don't necessarily think they should be desueded by the threat of scott brown back to the senate. he

chief operating officer cheryl sandberg made $7.4 million by selling about 353,000 shares of facebookstrictions on insider trading expired this week, meaning 230 million shares of facebook became eligibility to trade. another 770 million shares are eligible later this month. it is trading at about $21 a share. zuckerberg has not sold any of his shares. >> new this morning, sports insurer men know the significance of the first saturday in november. recreational crab season is now underway. it officially started at midnight. it brings out lots of fishermen who get a twelve day jump on the commercial crabbers. their season doesn't open until november 15th. the competition to catch the crabs is fierce. the majority caught in the first six weeks of the season. it occurs in the waters off the bay. they are limit today six to ten crabs a catch and we are told this year they can expect to find an abundance of delicious dungeonness crabs. you would be out there cracking but you have to gig too. >> right. i can get out there later. hopefully we will see a lot of nice weather headed our way toda

facebook's mark zuckerberg and ceo cheryl sandberg have talked about how they are are going to profitm the billions of search fields facebook faces daily. but in 2009 it outsourced certainly to microsoft's bing inking a ten-year deal. facebook partners with microsoft for social search and microsoft is an investor in the social netwo network. the big question is whether an appliance between microsoft, yahoo! and facebook could threaten google's dominance in search. certainly one to watch. >> another deal though, high-profile media deal in the works that seems a lot more solid. news corp. making a play for part of the yes network, the new york yankees regional cable network. >> none of the parties are talking but a source says there is a value u saation there of $ billion. the yes network is a key asset because it is the nation's largest most valuable media market in new york. and yes does have room to grow its fees. barclays saying they see "revenue synergies its proving both news corp. and yes' bargaining power. with yes getting ready to spin off its less valuable publishing assets ne

but you also have about 48 million of class "b" shares, and recall that cheryl sandberg, who's coo, andthe cfo, david everiston, did convert some of their shares to class "b" shares. >> it's one to watch. josh, i know you'll be watching it, are you going to buy it? >> no, i don't even a reason to be long the stock. >> they gave you a reason, didn't they? >> no. i get the possibility, because mobile is better than expected. but the stock is just not acting well and i need both things to happen at once. i'm happy to pay higher for the stock once i have a lot more proof that this thing is heading in the right direction. i don't mind paying up, but right now i'm not buying. >> this is another one where i think sentiment is totally washed out. i don't really love this market, but you have names like jcpenney and facebook that everyone loves to hate. i'm going to buy a call spread on this later in the day. >> shows you what one dose of good news can do for a name. everyone was against this one, they had a good earnings report, stock blasted higher. now they've got the biggest lockup expiring

. >> mark's number two, sheryl sandberg, defected from google. he recently wooed over the inventor of google maps, and he even poached google's cafeteria chef. there's kind of a talent brain drain from them to you, something like 200 people who work for you, 10%... >> i do think it's clear... >> are former googlers, right? >> there are areas where the companies compete. but then there are all these things where we just don't compete at all. >> is the goal for you to conquer the whole internet? to own the internet? >> well, think about it like this: people--if they can use a product of any category-- photos, groups, music, tv, anything--either by themselves or with their friends, i think most of the time, people want to do those things with their friends. >> so is the answer yes? [laughs] come on. >> the answer is that we want to help other people build a lot of these products. >> he doesn't like to talk about competing with google, just as he didn't in 2008 when i compared him to its founders larry and sergey. you seem to be replacing larry and s

>> cheryl sandberg. >> no, somebody else whose name i'm drawing a blank. >> god help us. >> no, she's a professor. >> oh, she's the boxer. there's the boxer. >> 2014-2016, i want to ask but one job -- >> i like what joe said earlier that at the end of the day the only legacy that matters any more for obama is the economy. he's going to have his legacy in obama care for better or worse. going to have his legacy in dodd-frank. the only one that matters anymore is economics. >> you can't -- there's 100 republicans. you can't single the one out that you hate. >> it was very interesting in the exit polls. i just going to to get to this quickly that the electorate sort of blamed bush for the economic crisis. that's not going to be true any more. it's not even true from today. you could make that argument he was given a bad hand. >> i went as far to say that the whole reinhardt rogoff narrative, if we go four years above 8% and crappy gdp the left will reap what it sows. >> it will reap it in '14. >> we'll finally be able to say definitively wrong-minded policies can hurt the ec

such as facebook's cheryl sandberg.ichelle flournoy would be the first woman secretary of defense but kerry may have the edge. >> the new strategy is to bore our enemies to death. >> reporter: and george, a possible political drawback for picking senator kerry is it opens up the seat once thought to be reliably democrat. but the senator says that's not necessarily the case. >> the senators i spoke to on "this week" are pretty optimistic about getting a deal. but the staff meeting all last week during that holiday didn't bridge very many gaps. >> reporter: no, all the reporting i have indicates there really hasn't been any tangible progress made. of course, nothing has dissolved, there's been no blowups which is good news. but as of now, they are still miles and miles apart, george. >> jake tapper, thanks very much. >>> george, if you're worried about the fiscal cliff, well, there's always the power ball fever hitting everyone. the jackpot hitting a record $425 million. it could be higher before wednesday's drawing. john

the chief operating officer, sheryl sandberg, already sold more than 500,000 shares in recent weeks andtill has 20 million left. we have to keep everything in focus. one of the early investors from paypal, sold off 80% of the his face book stake. the truth when money managers are looking at facebook this is a company that obviously has a big uphill battle as far as breaking even and i will proving its operating margins. they're not seeing value and growth until this particular company. netflix, by the way, on the other hand is doing very well today. that one certainly is a winner. back to you. lori: thank you, nicole. >>> only one step above the vacation wagon on car coolness rating. melissa: minivan getting a makeover. i don't know if it is above the station wagon. not sure about that. ford's new edgier mom vehicle could shake up the auto industry. that's next. ♪ >> aetna ceo who will meet with president obama tomorrow spoke earlier on the company's back up plans and possible layoffs if our leaders in washington can not work together to avoid the fiscal cliff. peter barnes at the four

. >> adele sandberg. >> adele, thank you for that. stay there for a minute.ou want to add to that? you're also against. stand up and tell us. >> thank you. i agree with her. i think that you're putting the wrong emphasis on the goal. the goal is not necessarily to make money, but to gain knowledge and enjoyment. >> to gain knowledge and enjoyment is the proper goal of teaching. and the money -- wait, and tell us your name. >> i'm janice. >> janice and adele have raised objections. now we need to hear from someone who thinks it's worth a try. you've heard the objections, what would you, what would you say in defense of this idea? yes, right there. stand up. we'll get you a microphone. >> hi. depending on the person's background, perhaps this is a motivational tool to make them understand, oh, gee, maybe i can benefit from reading. and when they do read, they get turned on to reading, and they get some kind of monetary value. >> so, and what's your name? >> melanie. >> melanie. so, melanie, you say the goal is to get them turned on to reading, but maybe the mon