shawn parker is facebook's first president. joins us here, david sacks. this is not an ipo that facebook necessarily even wants. lots of companies are thrown into ipos, don't need, facebook doesn't needed money. >> ironically, the process of sudden motion last year when facebook exceeded 500 shareholder rule which no longer exists. last year they were forced to make public disclosures or filings this year, i think that kind of sort of set the whole thing in motion and forced their hand a little bit, and like i said, irony in face of the jobs act, that requirement is no longer around. it is interesting to wonder if there would be that feeling if that rule wasn't around. >> can't call it off at this point. too late. >> there's so much money involved in facebook, just in the revenue, just going to bank the money off the ipo, i would expect. >> i think you know part of it is that facebook sees itself as a company in the same league as google, microsoft, apple, amazon, and it is, i think they want a war chest to fund any acquisitions they want to do and essent

then there is shawn parker now, he stands to make $4 million. and bono from u 2 co-founder of a private equity firm will turn a $90 kblinl investment to a $1.5 billion pay day making him the world's richest rock star. stay with us for coverage of the ipo. we'll be on the air live tomorrow morning at 6:30. >> moving on to another news. there is six sisters from antioch suing the city, county and their church accusing them of failing to respond to years of sex abuse by their own parents and we're live with the story. >> no comment today from this church. and contra costa county officials are not talking either about the lawsuit accusing them of failing to protect a family of little girls. >> this is the family when they were young. four biological siblings and two cousins raised as sister autos the story is unimaginable but the scariest part of it is true. >> the sisters are now adults and looking back on what they say were 20 years from the time they're toddlers of sex abuse by their parents. the oldest daughter, amber who is 32 told us those the

parker, fox 5 news. >>> a major retailer is pulling the plug on the amazon's kindle. shawn yancy has your top five. >> why you should eat more chicken and nuts. they could help preserve your memory later in life. diets rich in omega3 fatty acids could enrich. diet does matter and a lot sooner than anyone realized. >>> number four, want to know if you're ugly or not? there's an app for that, too. the ugly meter app is number one on the chart, even beating out angry birds. it scans your face for symmetry and contour and rates you on a scale of 1 to 10. >>> number three, if you want a kindle, you will have to order it online. target will stop selling the e reader once it runs out of stock. no word on why target is pulling the plug. but it plans to expand its offerings of apple products. >>> the social networking site's initial public offering seems pho be on track and could happen before the end of may. if all goes according to play, $10 billion. >> and number one, protecting our kids. maryland governor signed a bull today to help law enforcement communicate better with commun

parker, fox 5 news. >>> a commitment from the white house to push for better alzheimer's care. shawnyour fox 5 top five. >> we're starting off with a major boost in the five against alzheimer's schools. no. 5, the obama administration announced a brand-new strategy today, providing better treatment, more research and more help for current and future alzheimer's patients and families. the government is launching a brand-new website with everything you need to know about the disease. no. 4, asthma has a major impact on the u.s. the proportion of people with asthma in the u.s. jumped nearly 15% between 2001 and 2010. the disease also accounted for more than 3,000 deaths and nearly a half million hospitalizations in 2009. more than 12% of u.s. adults have been diagnosed with asthma. no. 3, facebook is upping the price of its ipo to 34 to $38 a share. originally the price was estimated between 28 and $35. the high ircosts will raise nearly 13 billion -- the higher costs will raise nearly $13 billion. the ipo is expected to be ready for trading friday. no. 2, alexandria is no. 1 when it co

shawn. >>> and a major effort to fight obesity was in display in baltimore today. the kids have been learns not just how to eat healthy but how to coke healthy. beth parker us we're on thing up a chance to compete against one another. >> one hour and the cilantro's flying, the garlic's crushed. the onions chopped. >> it's crazy chaotic in there. each team, we stuff the five teams into one room. we wanted them to see each other and get a sense of i so my competitor and they're working and to raze the stakes. >> reporter: they're fighting it out in a steamy baltimore kitchen. the team sponsored by health core error error. dana smith is a student at this public charter high school. >> i'm used to the pressure. >> 14 minutes left. >> she comes in and says 10 minutes left. >> my mom doesn't the same thing. >> reporter: not mom but judges watching now. the chef studies each table. >> this is great. these are our future. kids who will be working for me in five years. >> he doesn't like what he skills. >> knife skills, that gentlemen is about to cut his hand. >> reporter: in an eight-week course, they learn how different foods impact your body. >> healthy eating