more on the friend did, -- with more and the frenzy scott goldberg joins us now from new york.u are there, but the bell will be rung from menlo park. >> reporter: yeah, none of the facebook executives are coming to new york to physically share this moment with their friends around the world. they will use technology to ring the bell in california. shortly after that, those executives will be very rich. in eight years mark zuckerberg has again from dorm room geek to nasdaq diva new estimated worth 20 billion dollars after his company stocks starts trading publicly at $38 a share. people like. >> i read things that say you should invest in companies you like or no. i -- like or know. i know this company well. >> reporter: big time investors snatched up everything in this initial public offering. some will try to sell for a quick profit today if you buy in at that point you might be paying two or three times the opening pry. >> i would wait for a half hour -- for that to settle a bit. >> reporter: there are other concerns about the company now valued at more than 100 billion dolla

more on the frenzy, now, from abc's scott goldberg. >> reporter: in just eight years, mark zuckerberg has gone from dormroom geek to nasdaq diva. his new estimated worth is $20 billion, after his company's stock starts trading publicly at $38 a share. and people who have never bought stock before, like it. >> well, i read things that say you should invest in companies you like or know. and i know this company very well. >> reporter: unfortunately for the little guy, big-time investors already snatched up everything in this initial public offering. some will try to sell their shares for a quick profit today. but if you buy in at that point, you might be paying two-times or three-times the opening price. >> i would wait for a half hour for that to settle a tiny bit before doing so. and again, i wouldn't do it at all, to be honest. >> reporter: there's other concerns about the company now valued at more than $100 billion. just this week, general motors stopped buying ads on facebook, saying they weren't effective. and companies insiders have been unloading a lot of their stock, suggestin

more now from abc's scott goldberg. morning, scott. >> reporter: good morning, rob and sunny.including robert champion jr.'s parents, were hoping for more serious charges like murder or manslaughter. but prosecutors said the evidence for pinning that kind of charge on somebody just wasn't there. it's been almost six months since the famous florida a&m university marching band went silent. suspended indefinitely while authorities investigated band members for their role in the hazing death of 26-year-old drum major robert champion jr. >> this is a homicide by hazing. >> reporter: now prosecutors say 13 people are responsible. 11 of them charged with hazing resulting in death, a felony with a maximum sentence of six years. >> we do not have a blow or a shot or a knife thrust that killed mr. champion. it is an aggregation of things which exactly fit the florida statute. >> reporter: authorities in florida said murder charges don't apply because champion suffered too many blunt force traumas for the medical examiner to know for sure which one was fatal. champion died in november a

scott goldberg has the story. >> reporter: from so many investors, facebook has been getting the stink eye since it went public and proceeded to lose a quarter of its value but party hemler still sees it as a friend eye intend to hold on. >> reporter: his views are shared by some investors, but on the forward looking options market, there are predisixes facebook's stock will keep sliding, $25 by mid-july, down from its debut at $38. is this the bottom for facebook? doubt it. >> reporter: right now what we know is facebook seemed surprised by the number of users switching to mobile apps and we know that mark zuckerberg has been on a honey mon in italy while his company stock is tanking. >> mark zuckerberg is one guy you never want to bet against. he's a guy who's seen the future, and defined the future. >> reporter: others are too busy snickering at reports that zuckerberg and his wife didn't leave a tip after spending $40 on lunch in rome. is it because tipping isn't customary or upset about the stock. they are moving forward to add new plans to the business and just opened a new offic

man who says he killed a 6-year- old boy more than 3 decades ago is in custody as scott goldberg reports after leads and squashed hopes, the confession of a new jersey man may end one of the most baffling missing person's cases. >> reporter: 33 years ago, pates convinced his mom to let him walk to the bus alone for the first time. 51-year-old hernandez seen here in pictures obtained by inside edition, lured the boy in to the corner store with the promise of a soda. he led him in to the basement, choked him there, and disposed of the body by putting it in to a plastic bag and placing it in to the trash. >> reporter: police said hernandez confessed in a tearful 3.5 hour interview but didn't say what the motive was, he would have been 19 years old on the day he disappeared. police re-opened the case last month and haven't found physical evidence by it prompted a friends or relative to report when they knew. the brother-in-law said in the past they heard stories. >> there are were comments that something -- >> reporter: there could be holes in the story hernandez told after police arrested h

scott goldberg brings us the details. >> 33 years ago today, he convinced his mother to let him walk to the bus alone for the first time. dustups from the bus stop the take steps from the bus stop pedro hernandez lower the boy into the corner store where he worked. >> he led him into the basement of the boat data, choked him and disposed of the body by putting it into a plastic bag and placing it into the trash. >> police say hernandez convinced -- confessed. they did not say what his motive was. he would have the 19-years-old. police reopened the case and still have not found any physical evidence. they say the new activity prompted a friend or relative of hernandez to report what they knew. the suspect's brother in law said in the past the family heard stories. >> over the years, i knew he did something. >> there could be holes in the story. >> there could be some challenges. the key will be the testimony of relatives and any evidence. >> until then, the parents of the boy awill keep waiting for word that his case finally disclosed. early this morning, pedro hernandez was taken to

scott goldberg, abc news, new york. >>> in other news this morning, jurors in the john edwards corruptionl begin to hear his side of the story later this morning. defense attorneys will set out to prove that edwards did not use campaign funds to keep his affair a secret from voters. the jury has already heard from some pretty damaging things or heard some damaging things about the former presidential candidate. >> i think it's been proven already that edwards is a cheat, he's a liar, despicable actions altogether. but was what he did a criminal act? and that's not at all clear. >> we do not know yet whether edwards or his mistress rielle hunter will actually take the stand. >>> now to mexico and what authorities say is the latest evidence of an escalating war between two dominant drug cartels. that evidence, 49 decapitated and mutilated bodies left along a highway in northern mexico, not far from the texas border. police say it was likely that the victims were killed over the last couple of days and transported to the roadside. so many were missing vital body parts that identifying them w

scott goldberg is following the story. >> reporter: good morning. lawyers say he could call his daughter, cate, or his former mistress, rielle hunter, to the stand. they also could call edwards himself. it's a blockbuster day after they focused yesterday on technical issues. for all the emotions coming out of the john edwards trial, all that really matters are cold, hard details about cash. was it campaign money spent to cover up his affair with rielle hunter. and was the candidate trying to hide it from voters? his lawyers say no. and they say that edwards didn't know about the money, with records showing that some of it, $74,000, went into hunter's checking account. in all, hunter received nearly $1 million, most of it from heire heiress, bunny mellon. scott thomas was prepared to testify explicitly that edwards did not violate campaign finance laws. but the judge decided not to allow it. so, the question now is when will edwards daughter, cate, take the stand? she was close to her mother, elizabeth, who died of breast cancer. and can testify that

. >> and scott goldberg has the story. >> patricia came to court to plead not guilty on charges she endangered daughter by taking the 5-year-old to a tanning salon. >> i'm a wonderful mother. >> she likes color. >> you can see i'm very tanned. i've been tanning my whole life. >> the 44-year-old isn't so concerned about warnings we've heard and authorities say she took her daughter, anna into the room without the salon's knowledge and has been charged with second degree child endangerment. >> not true. it's not true whatever. boy never put a child in any form of danger. >> the school nurse noticed anna had a rash and called child services after anna said it came from tanning with mom. >> my daughter and i go shopping and get our nails done, tan. when i say tan, i'll tan. i tan. >> she admits anna was at the salon but says not in the room and blames the rash on the real sun after a day of gardening. >> we often consider going a tanning salon equivalent of smoking for the skin. younger you start affects are cumulative. >> whether the real sun or a fake bake, risks of skin cancer add up. a touch o

abc's scott goldberg has more. good morning to you, scott. >> reporter: morning, rob and sunny.e accused of killing robert champion jr. are looking at a maximum of six years in prison if they are convicted. and that's just not enough for his parents who also say the florida a&m band shouldn't march again until the culture of hazing is wiped out. the day after a prosecutor decided not to charge their son's killer with murder or even manslaughter, the parents of robert champion jr. made it clear it was less than they wanted. >> i was not happy with it. of course that word hazing just don't fit. >> reporter: 11 people are accused of hazing, resulting in death. so far, seven have turned themselves in. when the orange county florida state attorney announced the charges, he said in this case murder just didn't fit. >> his death is not linked to one sole strike but is attributed to multiple blows. >> reporter: champion was a 26-year-old drum major at florida a&m university who died after he went through a rite of passage called crossing bus c. hollis went through the same ritual beatin

abc scott goldberg reports.er: for 3 decades the picture of smile boy named fvl here haunted new york city hope focus national attention on the issue of missing children. frustrated police. until now. >> we believe that this is the individual responsible for the crime. >>reporter: nypd commissioner kelly announceded stunning develop the. arrest of 51-year-old hernandez he confessed to luring the boy into a corner store near the 6-year-old bus stop by offering him a soda. >> he then led him into the basement choked him there and disposed of the body by putting it into a plastic bag and placing it into the trash. >>reporter: hernandez was a clerk at the store in 1979. that morning the boy vanished was the first morning the parents let him walk to the bus by himself. police say they found out about hernandez after they reopened the case last month and went digging through a basement down the block from the boy lived. they didn't find any evidence but prompted a relative to call and say hernandez had hinted he had s

abc's scott goldberg joins us with more on the free-fall. g, scott. >> reporter: good morning rob and paula. facebook got roughed up again yesterday. if closed down 65 cents for the day. it's now down almost $10 from its debut price of $38 less than two weeks ago. from so many investors, facebook has been getting the stink eye since it went public and proceeded to lose more than a quarter of its value. but public relations consultant peter himler still calls himself a friend. >> i saw it as a good investment and i intend to hold on to my investment. >> reporter: his views are shared by some investors. but on the forward looking options market, there are predictions facebook stock will keep sliding to $25 a share by mid-july. down from its debut a little less than two weeks ago at $38. >> is this the bottom for facebook? doubt it. all bets are off until we see what their next product line's going to be. >> reporter: right now we know facebook seemed surprised by the number of users switching to mobile apps. when facebook's revenue depends on a

abc's scott goldberg has the very latest. >> reporter: for three decades, the picture of a smiling boypatz has haunted new york city, helped focus on the issue of missing children and frustrated police, until now. >> we believe this is the individual responsible for the crime. >> reporter: nypd commissioner ray kelly announced a stunning development, the arrest of 51-year-old pedro hernandez who kelly said confessed to luring etan into a corner store near the 6-year-old's bus stop by offering him a soda. >> he then led him into the basement of the bodega, choked him there, and disposed of the body by putting it into a plastic bag and placing it into the trash. >> reporter: hernandez was a clerk at that store in 1979. that morning etan vanished was the first morning his parents let him walk to the bus by himself. police say they found out about hernandez after a reopened the case last month and went digging through a basement down the block from where etan lived. they didn't find any evidence, but it prompted a relative to call and say hernandez had hinted he had something to do with th

our coverage begins with abc's scott goldberg. orning, scott. >> reporter: morning, rob and diana. this could be some day for jpmorgan chase and its ceo jamie dimon. today is the bank's annual meeting in tampa. some shareholders want dimon's power limited. they won't be satisfied with just one high-profile resignation. the numbers are big enough to boggle most of our minds. $2 billion is how much money jpmorgan lost by making a risky trade. $14 million is about how much money ina drew made last year. she was the bank's chief investment officer, forced to resign because she headed up the unit responsible for that loss. and the man who accepted her resignation, he made $23 million last year. ceo jamie dimon. >> we're still going to earn a lot of money this quarter. it isn't like the company is jeopardized. >> reporter: the boss apologize forward the bad trade. he called it a terrible, egregious mistake. dimon can rest fairly comfortably knowing the bank is worth $2 trillion. >> $2 billion is a lot of money, but for jpmorgan, it's 0.1

abc's scott goldberg is following the testimony. scott. >> reporter: good morning, rob and diana. lawyers for john edwards say today they could call his daughter cate or his former mistress rielle hunter to the stand. it's also possible they could call edwards itself. it's a potential blockbuster day after they focused yesterday on technical issues. for all of the emotion coming out of the john edwards trial, all that really matters are cold, hard details about cash. was it campaign money spent to cover up his affair with rielle hunter and was the former presidential candidate trying to hide the affair from voters? his lawyers say the answer to both questions is no. and they offered evidence edwards didn't know about the money with records showing at least some of it, $74,000, went directly into hunter's checking account from wealthy donor fred baron. in all, hunter received nearly a million dollars. most of it from heiress bunny melon. one witness, scott thomas, a former chairman of the federal election commission, was prepared to t

abc's scott goldberg has more. good morning to you, scott. >> reporter: good morning, rob and diana. it is now up to the jury to decide if john edwards is guilty of the six charges against him, and if he is he could be headed to prison for up to 30 years. as a presidential candidate, john edwards talked famously about the two americas. one rich, one poor. but as a defendant charged with using campaign money to cover up the sex scandal that threatened his candidacy, he heard his own slogan used against him. campaign finance laws are designed to bring the two americas together, prosecutor bobby higdon said in his closing arguments and, quote, john edwards forgot his own rhetoric. the government argues edwards masterminded the plan to have fred baron and bunny mellon pay more than $1 million, far beyond the personal limit for campaign contributions to hide his mistress rielle hunter from the public. the prosecution called it a full rescue operation for a teetering campaign. but the defense argued the money came from a

scott goldberg is joining us with the latest testimony. good morning, scott. >> reporter: good morning rob and sunny. maybe today will be the day that the jury hears from rielle hunter. she did not take the stand yesterday. instead the jury heard testimony that even after his affair with her made headlines, john edwards still thought he had a bright future in politics. late in the afternoon, wendy button, a former speechwriter for john edwards testified the former presidential candidate knew a wealthy benefactor, fred baron, was spending money to cover up the affair with rielle hunter and support the baby edwards had with her. it's something edwards has long denied and could turn out to be pivotal testimony. earlier in the day, tim toban, a one-time edwards' donor provided cringeworthy but not necessarily criminal details. he said he went to dinner with edwards in 2008 after tabloids printed the first stories about the affair. and toban said she found it astonishing at that dinner that edwards still thought he might get picked as barack oba

abc's scott goldberg is joining us with more on this. good morning, scott. >> reporter: good morning, rob and sunny. the government finished its case against edwards without calling rielle hunter to the stand. it is still possible we'll hear from her as a defense witness. but the prosecutors spent their last day adding to the portrayal of edwards as a liar who was blinded by ambition. john edwards came to court with his parents at his side to listen for one last day to the government's case against him. and he heard his former adviser leo henry talk about political ambition that didn't end even after the presidential candidate's affair with rielle hunter went public. first henry said edwards wanted to be barack obama's running mate or if not, attorney general. and when it became clear obama wasn't interested, he said edwards turned to hillary clinton, offering to endorse her in return for the a.g. job which edwards saw as a stepping stone to the supreme court. the woman at the heart of this case did not testify, perhaps because prosecutor

jon: last we saw scott walker the republican governor up about 7 percentage points in the polls over his democratic challenger. it is going to be one to watch. joan as goldberg watching it with us. jenna: dueling political appearances on both coasts to watch. you have governor mitt romney set to speak in san francisco in about an hour or so, from the state house steps in boston you have the president's chief campaign strategist david objection elrod holding an event to talk about governor romney's record in massachusetts. that is a very important point for the obama administration, the re-election campaign. mike emanuel has more. we are following news that we are getting out of boston that that appears to be a little drama going on at the axelrod event right now? >> reporter: apparently according to reporters at the event some supporters of mitt romney have shown up and have challenged some of the things that david axelrod has been saying. what we are teurbl lee hearing on twitter is that there are some fireworks. we are waiting to get the tape back and will bring it to our viewers when we get it. governor romney is in northern california today and has been