they are moving into the snapchat.he first disappeared after those opted in received it but tured and posted on twitter. they also released a video on youtube promoting the fact that they were moving to snapchat. get this. mo group is planning pro events at colleges like the recent university of miami tail et party they will be hitting 20 college towns and the entire $750,000 so not a ton of money when you consider that the koch brothers are involved but they are certainly being aggressive. t> the koch brothers partying a the u. his interested in what t means for people using snapchat for something almost reselling commerce. what does it mean for snapchat? >> not a lot of money. kevin touconservative group es less than $1,000 but they are trigger to get the message out using the app. it is just getting off the ground. they have a new chief operating officer emily white. igure out rying to f how po monetize disappearing photos. ge.t is the challen >> there are new numbers out that crossed this morning on affordable care

she brought early advertisers, moving to la to work with snapchat. similar to facebook seeing instagram taking off with this new thing. i think they see that recreated in l.a. >> thanks. inll cover that event new york and bring you details. adnamobil may have sealed ea deal with apple. that's next on bloomberg west. ♪ >> this is bloomberg west. apple may have reached a deal toh chinamobil according the wall street journal. it could come within a couple weeks. china was granted license to operate a 4g network. jon erlichman is back from l.a. >> breaking into the chinese market has been challenging, but the users could be a boost to the company. let's bring in managing directer sean rhine. what's the buzz? >> the buzz has been good for apple. they've been facing challenges. they saw 300% growth and they're now in single digits. people are really excited. if apple can sign the deal, they'll have access to millions. customers aree using 3g. most are price sensitive using the 2g network. it will be difficult to convince them to buy apple iphones through a

rethink possible. >>> snapchat has answered to complaints of a security problem. exploit could help hackers take user names and phone numbers and information could be sold leading to more spam for users. the security team that found the weakness said they reported the weaknesses to snapchat in august. but the parentally has not been addressed until now. snapchat post evidence it added countermeasures to combat spam and user information abuse. >>> travelers may soon be saying goodbye to hotel minibars. new trend say travelers prefer socializing in hotel lobbies and surfing the web rather than staying in their room alone and drinking from the minibar. they cost hotels too much money to maintain. 21% of travelers ranked the minibar as an important amenity compared to 89% choosing free wi-fi. >> a lot of people stay in hotels, going places for a new year's eve and new year's day. leigh glaser has a look at the forecast. >> people with plans for lake tahoe, not a lot of natural snow but they're able to make manmade snow. but here's good news. don't be shy. head on up t

the security team that found the weakness said they reported the weaknesses to snapchat in august. parentally has not been addressed until now. snapchat post evidence it added countermeasures to combat spam and user information abuse. >>> travelers may soon be saying goodbye to hotel minibars. new trend say travelers prefer socializing in hotel lobbies and surfing the web rather than staying in their room alone and drinking from the minibar. they cost hotels too much money to maintain. 21% of travelers ranked the minibar as an important amenity compared to 89% choosing free wi-fi. >> a lot of people stay in hotels, going places for a new year's eve and new year's day. leigh glaser has a look at the forecast. >> people with plans for lake tahoe, not a lot of natural snow but they're able to make manmade snow. but here's good news. don't be shy. head on up there and do a little skiing for the holiday upon us, because they do have some snow up there. here's a look at live doppler 7 hd. no returns around the bay area. we did have some high clouds drift by from time to time today. other

>> snapchat is the hot talking point. lot of people aren't here is that can turn down $3 billion from facebook. it is an la-based company. when you can get some of this to your tech people, that interested about each other since businesses. it does not happen every day. you have sun valley conference and in the summer. and like how it will get media or technology, they do not get to get together. they're lucky when hollywood edges in the snapchat story. the one thing i would add is potentially the richest guy there, i do not know for sure, have a knapsack on where the millionaires were wearing the penguin outfits. >> sergey brin was wearing a backpack. we have not talked about snapchat very much. there is interest in information that is not permanent. do you think it is here to stay or a fad? >> i did do some variation it is here to stay. i like the analogy. i like the way it sounded. the problem it solves it secures communication in a sense. it is a way of having photo sharing week to make sure the communication is pure

that crowd. >> somebody offered 3 million for snapchat, then -- >> millions. millions. millions for -- and it's always astounded me, i would be out $100 million. but do you ever, and just playing imagination sort of thing with me, i'm not committing you to anything, would you -- how much would it cost to buy what it is you're making? surely would you sell at $1 billion? >> i mean, i don't really know at this point. i mean -- >> you didn't say yes. and this is why i admire you. i would sell a billion, john a billion. not sure about harry. >> we're gone. >> 50 million. >> you didn't say, well, of course. >> the thing is it's not really about the money. i mean, it's about changing the way people communicate and, you the telephone, something that nd most teens, i know, don't do anymore this don't do phone calls it is really sad. i like phone calls. but it is fading away. to be able to change that, now with tech, doug it really quickly. you knows, snapchat is very new and instagram and facebook. >> we haven't got time. i'm sorry. daniel, i appreciate you being here. i expect

, and snapchat spurned that. looking at how they stack up. snapchat has 400 million snaps a day, instagram has about 150 million users, and 50 million photos posted a day. so there's clearly some sort of audience for these individual conversations that involve picture messaging, and if facebook wants to keep that younger demographic engaged with the main project, the main product, facebook is not quite doing, maybe adding this kind of a feature to instagram is the way to do that, guys. >> all right, jon fortt, thank you so much. >>> snapchat revealing a $50 million investment from the hedge fund, big money flowing into the social space, and today we're on the hunt for the next big idea. our next guest successfully founded and sold three internet companies. joining us is mike lazaro, the founder of buddy media, and happens to be the chief marketing officer for salesforce.com. welcome. good to have you. >> thanks for having me. >> what do you make of the story we just saw, instagram and snapchat, going head to head

snapchat has been a huge story a 2013, and you think that snapchat kind of theme continues in 2014?ink there's a lot of underground apps that people are using. my theme is really less a gadget and more what people will use on the gadgets. i have seen some really cool sort of snapchat wannabes who might go past it because they will do video, pictures, and text, so i think there will be a lot of usage of confidential conversations, particularly ones that do not get stored, as we learned from your nsa conversation. >> you could make the argument that one of the big tech stories this year was snapchat saying thanks to the thanks but facebook -- to facebook. >> that was huge. put in the same place, i probably would have taken the money and run, but it is important to stay in charge of your company and manage with the company is doing, but in the future, we will see a lot of sites like instagram, facebook, twitter really utilize that ephemeral capability. >> brian, in your number four gadget for 2014 list, you have a gaming theme here. oculus rift, tell us about it. >> this really feels l

>> kudos for the growth that snapchat has had.oo early to tell whether they will be around forever. the issue of privacy is going to be something people are very concerned with for a long time. >> what are the opportunities for companies out there? >> the industry needs to continue to raise their game to do a great job and to ensure people are secure as they go about their business. there is a ton of opportunities for small companies to go into niches. this is a growth, a ton of opportunities. >> let's talk about the biggest growth stories of the year. in consumer technology, it seems like consumer tech made a comeback. what do you think about that? >> alibaba is blowing the doors off. every time you turn around, their valuation is being raised by analysts. the twitter ipo was a great example of a hot company. the consumer is doing well. the enterprise space had an amazing year. i do not believe there is a company the size of salesforce that has ever grown at those rates. >> do you think the consumer comeback will continue into 20

and twitter is trying to get in on snapchat's turf. sending messages on the mobile app. well, congress has been racing to come up with a budget deal by their deadline this friday. we have some breaking news that tonight they have apparently reached a deal, and we are expected to hear any moment. yang, what are we expecting to hear? >> a few details about what this framework might look like. leading up to today, we have heard a lot about a trillion dollar spending almost for the next two years, but we are getting more details about how they plan to make up or those sequester cuts that they will be curbing. according to the deal, according to my colleague, heidi, they would ease sequester cuts in the first year by $40 billion and even by $20 billion in the second year, and that is a $60 billion total, the cost of which would be made up with the auctioning of government airwaves and increased premium for government worker pension funds, and there would be no changes to entitlement programs, as we expected, so right now, that is what the deal is shaping to look like. the two

i mean, facebook was reportedly put down $3 billion for snapchat.s one reason, by the way, here in the valley you have a lot of talk about whether you're entering another dotcom bubble when you hear headlines like that. different views you'll get about -- >> josh, what we're talking about with snapchat, for people that aren't familiar, it makes it easy to send pictures to people. if we move more away from text, video content model, snapchat makes it easy and, by the way, it makes it easy to erase -- >> it's got an expiration date. >> we all know in the technological world, everything still sticks around. you think it's gone, but it's still out there, folks. >> i wonder if it's less about the erasability and more just the ease of use. if you look -- i remember cramer talking about this as well, jim saying he and his daughters snap chat and they do it because it's fun. they like to send funny pictures with a little text message on them. >> and it's instant gratification. kids love it. >> what do you think, josh? >> also, kelly, to your point -- i know

we are on snapchat. we are on vine. some of us are on tumblr and twitter. >> thousand of young losers are leaving the social media giant. what could keep facebook going? an american soldier missing over 60 years is laid to rest by his family. we will have his story coming up. we all have our little tricks. mom swaps one of my snacks for a yoplait. i don't mind, i mean it's orange crème. and when mom said bobby was too edgy... 'sup girl. i just swapped him out for tyler. 'sup girl. mom never questioned bobby again. two can play at this game. [ female announcer ] swap one snack a week for a yoplait. and everybody wins. yoplait. it is so good. >>> could facebook be a thing of the fast? the conclusion of a researcher in england who goes so far to say facebook is dead. >> when 13-year-old ruby carr post is a picture on facebook. i want my friend to like it. i want my friend to tell me i'm pretty. >> lately. >> what really happens, all my relatives decide to tell me how much i'm looking lick my moth i. >> her facebook circle

and instagram comes out swinging against snapchat.moment, we'll tell you how this facebook business is trying to poach younger users from its competitors. ♪ ♪ if you've got copd like me, hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd wei

as much as 50 million people use the snapchat app. >> paying your credit card bill on time is the surest avoid fees, right? or is it? >> a san francisco woman paid on time and still got socked with bank fees. her bank admitted it was a mistake but her account went to collections. no one could help her until 7 on your side's michael finney stepped in. >> all margaret bruno within -- wanted to do was to pay off her credit card bill to avoid any more fees. >> i was out of work at the time, looking for a job. it was very frustrating time for me. a very scary time. >> her bank sent automatic payments to her hsbc credit card account every month for two years. her debt was down to just $137 when, suddenly, margaret noticed a late fee on her credit card bill. she called hsbc right away. >> i was charged a late fee but he wasn't paid, i paid and i paid through my bank. >> hsbc said she would have to send proof. took a week to obtain the check. they reversed the late fee and everything seemed fine except it happened again. >> they said they didn't receive my payment and they would charge me a late

will not talk about -- we have not talked about snapchat very much.here is interest in information that is not permanent. do you think it is here to stay or a fad? do some variation it is here to stay. i like the analogy. i like the way it sounded. solves it secures communication in a sense. it is a way of having photo sharing week to make sure the communication is pure by making it disappears. trying to problem is solve is one of security of communication by making the richards disappear. that is legitimate problem. whether with snap chat or absorbed and other things. to pretend it is not a problem for people take photos that will later embarrass them is naÏve. is a legitimate problem. like so many things, doesn't it absorbed and everybody else like instagram is trying to take on facebook? i do not know the answer. -- i also talked to kevin spacey. take a listen to what he had to say about whether or not there will be a third season. there's been uncertainty. >> please tell me you are doing a third season. >> i have no idea. >> netflix said you are.

each new medium -- snapchat was so different from anything that existed before. too hard to predict. it is important to watch how users behave around the world and how they connect with each other. >> is snapchat a threat to twitter? >> i think they are different services. they are used in different ways. they may overlap a bit, but twitter is about information sharing and snapshot is more for personal communication. >> what about facebook? was snapshot right to turn down that $3 million offer? are they a threat to facebook? >> i think it is more a threat to facebook and it is to twitter. it was smart of them to pass. it seems crazy at the time, but -- >> how do they make money? >> every when asked twitter that at the beginning, but now they are making money. making money is the least of their worries. messaging will probably become bigger. and only messaging is too far off from the things that we have looked at in the past. >> let's talk about twitter. what is their biggest challenge going forward? post-ipo, what do they need to work on? >> it is a good question

. >> finally, snapchat, slipping up.ld have seen this coming from a mile away because gibson security released a full scloegs you're note describing how easily private information, talking about phone numbers, et cetera, can be exploited from snapchat users. >> you mean it's not totally private after all? >> the interweb is not secure? >> breaking news. >> i've never heard of snapchat until today. sounds like a filthy website i shouldn't log onto at work. >> do you feel dirty right now? >> i always feel dirty. but what private information could they find out about us we're not volunteering sharing ourselves? my facebook friends know who i'm dating, what i've eaten today, my dog has eaten. what private facts are left? >> credit card numbers. >> i have no credit anyway -- >> just change your credit card. >> i should also say this, i believe, was before those multibillion offers came from facebook and reportedly google as well, so i wonder if they'll go differently about it. >> people have bugs here and there. >> jon and ad

>> i think snapchat is the big thing.t snapchat is this app that, you know, deletes your photos, it also doesn't make any money, but facebook tried to buy it last year or this year. what's interesting about it is it's one of the first apps we've seen from the tech industryythat actually deletes data. i think there's, you know, we don't know if it'll make money yet, but it's interesting we're starting to see a concern for privacy and a concern about, you know, sharing all the stuff that is the way that twitter and facebook want to make -- cheryl: you're sending pictures maybe you shouldn't be sending, i mean -- but anyway, the kids are all doing it. guys, thank you very much. great discussion. thank you. >> thanks. cheryl: closing bell ringing in 17 minutes, it has been a tan tsaic year for stocks -- a fantastic year for stocks. are markets ready for a correction next year, and if so, how much? we're going to talk with a money manager who has specific stock picks ahead for you. >>> and france known for its famous architect

been exposed that potentially could reveal who they are as well as their snapchats, that's bad.ack dorsey's now on the board of disney, the co-founder of twitter. that's going to be huge, i'm salivating as a shareholder about what that can mean for the company. >> what could it mean, doc? what could they do? >> well, you can only imagine, stephen -- >> i'm trying to, help me out. >> -- abc, espn, all of the movies and so forth. every other studio will be chasing -- >> 140 characters, i'm going to watch a movie? >> no, you're not going to watch a movie, but it will link you to a discount to that movie, stephen. lastly, take a look at the massive short interest. that's another reason to own the stock. that's another reason -- >> doc, doc, look, here's the story, transformative from the social standpoint. >> yes, sir. >> where else could justin bieber get 91 million followers and be the king of a company? here's my issue. the valuation is excessive. the volatility is incredible. it's an ad model at the end of the day, and i never clicked on the ad. the ad's too easy to avoid. so it

. > >snapchat should? > >vanish. > >i think twitter stock is? > >awesome. > >i think facebook stock is? > >mega-like! > >great to have you on the show. her name is randi zuckerberg and the book is dotcomplicated. best wishes to you. > >thanks so much. coming up, one of our "favorite" regulars stops by to review his star trades of the year. plus...infamous mobster al capone had a side you haven't heard about, until now. bill moller is next. ♪ ♪ ♪ ♪ ♪ he was a bootlegger, he ordered all kinds of murders. but there's something else we can associate with chicago mobster al capone - he was a pretty sharp businessman. there's a fascinating new book on the man - uncle al capone: the untold story from inside his family - written by his niece deirdre marie capone. fascinating. you are just so full of stories about sitting on your uncle's knee when you were about 5 or 6 years old. >>i used to touch his scar on his face and ask if it hurt. and i used to kiss it. >>and he died on your birthday. >>he died on my 7th birthday. january 25th, 1947. >>you make a

the move is seen to catch up with snapchat. >>> and so far, december is proving to be a cold month for investor, but what will next year bring, and is washington finally out of the way? joining us is keith banks, the president of u.s. trust, and, keith, thank you for coming in. >> great to be here, becky. >> we did see a pullback so far in the marketis. is this just a breather? >> i think it's a breatherment it's the end of the year. we've had a great run in the equity marks. two things are going on. i think people are taking some profits. number two, with some of the recent economic data being better, people are focusing again on the issue of taper. the combination is what's done it. >> do you think there's enough -- the fomc is meeting on tuesday and wednesday. do you think there's enough with the economy, with the good information that's been coming in for them to actually taper this month? >> i don't think this month, but i think a lot of people had viewed march as the month, march of 2014. i think it will be before march. i'd be surprised if it's this month. they probably want to

i think what's going to be interesting is with companies like snapchat.tried to buy snapchat like facebook and google, but they passed up on being sold. we'll see the smaller social-related companies being purchased and the ones that feel like they have a lot of traction and a lot of users, those are the ones that may turn down those offers, hoping to eventually go public. >> a gut-wrenching call for some of the entrepreneurs. finally, we've been through facebook last year, twitter this year, what's the next big social ipo. >> well, here's the thing, carl, i don't think we'll see a consumer-facing ipo like a twitter. but i think a lot of the start-ups that will go public will have social be a key part of them. there's a company that you may never have heard of, because it's a data company, a data-crunching company, but a lot of the data crunches is social data. air b 2 b, another company that's expected to go public soon. carl? >> yeah. meanwhile, a ton of buildout to support all of the data back and forth. julia, thank you so much. it has been -- retail

and they have approached emily white to be the ceo of snapchat.recently spurned a $3 billion takeover offer from facebook. it is time for our office hours segment. he formerly served as coo of ebay. he also founded a startup called everwise, focused on mentorship. the creative landscape is so competitive, you said you have to think differently. >> you have to think about it as you are very lucky to have a few key slot open. i think about having tickets to the super bowl and which of my friends are going to be lucky enough to come with me. i have always found i am going to have somebody have the job of their life. i find people who want to be part of that. >> one point is you should be looking for great passion as opposed to a great resume. why? >> i think there are a lot of people with a great resume who are not always great for a startup. >> have there been times you turn someone down because you didn't feel like they had the passion? >> absolutely. it's not just passion. it's capability. just as you are in a great company doesn't mean you necess

all major social networks they are in danger of losing teens to new popular messaging apps like snapchatat's app, and kik >> reporter:instagram had to do this to stay competive. people want direct messaging it's an important element in social networking. for now this feature that they call instagram direct will remain ad-free. but we'll see how long that lasts. >> reporter:this is a great feature for instagram users i think it should have been offered a year ago i'm surprised it took so long. but better late then never. >> pam: now at 8:30-- it seems we are moving closer to the possibility of airline passengers, being able to use cell phones while in the air. but is it a good idea? i love watching tv outside. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the important part is that you're happy now. and i got you this visor. you made a visor! yes! that i'll never w

netflix, but google has been gaining with a client list that includes the popular social media site snapchat>>> flat-screen tvs and ipads are nice. brian, i wanted to get back to you to talk about our favorite retail yes, walmart. sorry about that. >> yeah, no, listen, we saw the fights at the walmart on black friday, so -- >> oh, it's amazing. >> the most popular black friday item was? >> you're not going to believe it. as we were about to say, flat-screen tvs and ipads are nice, but they weren't even close to being the hottest thing at walmart on black friday. the absolute must-have item, towels. walmart sold 2.8 million towels on thanksgiving and black friday versus about 2 million tvs and 1.4 million tablets. shoppers can could get them in a bundle deal, a towel and a wash cloth, six-pack for $1.74 or a single towel for just 29 cents. so, once again, we know when push comes to shove who the real walmart shoppers are. >> when push comes to shove, you want your 29-cent towel. hamp, thank you very much. >>> let's go to twitter now. we have groundbreaking news for you. "star wars" is on inst

instagram application allowing videos send photos and directly to friends as facebook ries to fend off snapchatdded to the s&p 500. warehouse.hing men's the c.e.o. reported an earnings a. bank's aid joseph offer is compelling although it a.now offering to buy joseph bank. there's been a lot of back and forth between the two companies. optimism that g the talks are continuing. the retail or industry report facing more price conference shoppers with bringing in -- black friday bringing in less last year. the high end market is feeling the same. a person 'm joined by who covers all things retail. interesting. this is a change from what we have seen. held up opper has pretty well. what is changing? the economy is getting a little right?, >> the economy is getting better and you look at the balance nsumer and up.et and it a stocks are i think it is not that they don't have the propensity to spend. fickle. just being do i need this or want this. o i have to have this $2,000 dress or can i get a $400 dress $200 handing th a about. >> how are we seeing the and how of this dramatic is it? >> is it not t

social media exploded in 2013, from the twitter ipo, to the huge growth of photo-based platforms like snapchatople like jack dorsey became household names. one person that knows him well is the cofounder of the mobile payment system square, jim mckelvey. he found much success from glassblowing to starting a company in his hometown of st. louis. i spoke to him this morning. >> the fundamental changes we are now carrying around these devices all the time. that is so new, you are still seeing evolution. one of the great and we have in this business is this ignorance of the future. nobody knows where it is going, so we can make bets on these new directions. it is super exciting because it changes so quickly. >> it is very exciting to watch and be a part of. i know you are limited on what you can say about square, but how can you benefit from this? >> there is a tremendous amount. it is really about fairness or merchants. we are trying to make it accessible to conduct commerce anywhere, easily, to essentially disappeared. the best thing to happen to sawre would be if people that we were not there.

you will see -- snapchat. you will see facebook try competitive products. get back to facebook's real mission, which is to connect people. you cannot connect people when their facebook accounts are a fictionalized ideally sent -- idealization. >> i want to ask you about 23 and maybe. i spoke to the ceo about what is going on. >> we fell behind in our communications. it is a complicated area. we have recognized that. it is not a clear path about how to regulate all the genetics in this new world of sequencing. we are committed to it. we are going to do everything we can to show the fda that we are really committed to this process. >> my question is, why did they fall behind, six months behind on the communications? >> it is, as and says, a new frontier. -- anne says, a new frontier. our dna is probably the least ephemeral thing about us. i believe that all of us have the opportunity, should have the opportunity to learn amazing things about ourselves that are helpful. that is ultimately the company's goal and the fda's goal. >> why six months in lag time? wa

we are in 2013 and snapchat and instagram and more things taking users' attention.c, what do you think? >> they got off to a fast start and -- that is going to be their challenge. it is not a foregone conclusion. what they are trying to do now is that they have developed a lot of data. it is at a granular level. not just go to the restaurant and get a recommendation of what's on the menu. they are moving to the idea of anticipatory recommendations. you walk in and sit down and try this. if that is done well, because it's a push-based, starting to get around the problem of people who are not pulling it out and turning it on. they are working on api's. places where it can be used. it is going to be a hard problem for them to get engaged users. that is why there is some doubt if they can become a really interesting acquisition target for someone. >> marc prioleau and sarah frier. thank you. we will be back more with the show after this. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. i am emily chang with the top headline

. >> you think companies like snapchat are here to stay or is it more of a fad?dos for the growth snap chat has had. it's too early to tell whether they will be around forever but i think the issue of privacy is going to be something people are very concerned with for a long time. >> what are the opportunities out there given your concerns about security? >> i think the industry continues the two raise their game to do a great job here and ensure that the people are secure as they go about their business. i think all the big companies need to look at that but there is a ton of opportunity for small companies to go in. we have one company doing really great. this is a ton of opportunity for out. >> let's look at the biggest growth stories of the year. in consumer technology, it seems like consumer tech made a comeback. what do you think about that? >> alibaba is blowing the doors off. every time you turn around, they have an amazing amount of growth. tumblr was bought by yahoo. i think the enterprise space also had an amazing year. i don't believe there's a compan

we obviously know they tried to acquire snapchat and that is not successful. now they go through instagram to persist ahead and why not? if you look at the growth of the instagram plan arm, a lot of people are going there, they're already commenting on photos and to do something like this might improve engagement. for example if i taken i should've on trees in los angeles, someone might comment on it an hour later or three hours later. i might see to get my gratification then. some become it right away if emily chang to give me thumbs up on my photo right away i might stick around and instagram a little bit longer. >> jon, i will keep my eyes on your feed, ok? is a something they can make money on? >> if you talk to people, moneymaking with messaging is a tough thing. obviously, if it is just texts the phone company's were charging people for which led to all the creation of these free messaging apps, that business model makes sense. but free messaging apps have a challenge with things like advertising, first because it is not easy to target those ads to peopl

and there are simpler networks like twitter or snapchat to stay on line.hey said facebook is irrelevant because of the number of older people using it to stay in touch. as the year draws to an end, some new workers have found a way to say good riddens to all the bad things that happened in 2013. people were lining up at times square yesterday to shred and shed this year's forgettable memories. photos of ex-boyfriend's or girlfriends, old bills, bad memories and some wrote down things they wished would not have happened and other brought suitcases of people to destroy. >> they are shedding it and saying let's get rid of the bad energy and be ready for the new year. >> you know one of the hottest trends in 2013 man the maker movement, the do do it yourself movement. with 3d printers and tiny computers to help anyone create almost anything. as abc7 news anchor dan ashley explains. san francisco's exploratorium has been at the forefront of the maker culture for years led by a dynamic couple whose latest adventure is a new reallyic from the past, a book. >> the

>> there's word this morning of a potential security flaw with the popular photo sharing website snapchat coding error could allow a hacker to get phone numbers and names without your permission. doesn't sound like a big deal, but in a short amount of time they could collect millions of names and put them together and sell it to a bidder. the security that found the weakness, gibson security, said it reported it to snapshot in august, but the problem has apparently not been addressed. as many as 50 million people use the app. >>> santa cruz residents can take advantage of curbside christmas tree recycling. areas served by greenway recovery can put undecorated christmas trees out with their recycling bin. trees should be cut into three-foot sections for curbside pickup. they will send them through wood chippers or they will be used for biofuel to generate electricity. residents in other parts of the county can bring their trees to special ecycling bins located at many fire stations throughout the county. >> paying your credit card bill on time is the surest twice avoid fees, right? >> a sa

social media users are turning to other more streams line sites and apps like twitter, instagram and snapchatg one there. if you or someone you know received a new smartphone or tablet for christmas, go ahead and invite them to download our news 4 apps for free. visit nbcwashington.com. click on unwrap our free apps to send your loved ones an easy to use e-card. >>> in news for your health right now, reading a good book can actually improve your brain function. researchers from emory university in atlanta found that increased brain activity in certain brain networks that lasted a few days after reading a good novel. they say reading a novel changes the resting state of your brain. the lead author of the study says that the -- they say that it can shape our lives, a story can shape our lives and in some cases even help define who we are. >> all right. just four days now until the brand new year and this morning we're looking at the headlines that help to shape 2013 and they still have us talking. >> what's going on amelia? >> we're looking at a pleasant day today. coming up i'll be talking abo

companies like instagram and snapchat and frankly let you deliver the message and have that message disappear. because you never know. >> there's always that one instance. >> reporter: that one instance is why frankly, a san francisco startup, lets you send text messages and photos that will go away after ten seconds. they say it makes mobile communication more personal. >> i think when people are realizing is that, you know, they've been living in an environment are facebook and instagram and twitter where you broadcast out and everything is out there for everybody. all the time. and everybody's critical in the world. and you're losing that sense of self. >> they're social networks in and of themselves. >> reporter: social in you can reach out to your friends instantly with your mobile device. but because the messages go away, you can be a little more free with what you show and tell. >> that i think sort of is the different lure of what was happening with social media, especially the way younger people are using social media where they're broadcasting everything and obviously parents and ot

we also see increases in other social platforms such as instagram and pinterest and a snapchat and others. it is important -- young people let others know that they are available through conversation but through a lot of social platforms, not just telephones or polls. host: let's go back to our phones. make sure you mute your television or your radio. caller: yes, i am calling because i had a question, and i have a comment. i would like to ask the gentleman -- what statistics or how many people does he call to get these polls to get these numbers? also, i am 70 years old, i have been all over the u.s. and i have traveled halfway around the world, and i have never encountered one person, black or white, that is said -- has never been polled or be asked a question to take it all. where does he get his numbers from and how does the poll because there is so much information -- misinformation out there. host: quickly, john della volpe, if you want to recap for laura. guest: 2000 young people part is participate in the survey, so every question, the margin of error is less than 3%. most do not

facebook offered $3 billion for snapchat. hey, facebook, how about $3.5 billion for the pensioners?t not saying that wasn't important but that's a comparison. we are talking about penal wopl are about to lose everything. $5.5 billion d.o.d. contracts awarded the day before the government shut down. and $13 billion, jp morgan chase settlement. a fraction of that, sharon, could have gone or that kind of money could go to changing the peoples' lives. >> we agree with those kind of numb bers and we think it's very, very difficult for the people of detroit to understand why the governor and government isn't stepping up to the table and come through for a way that's not difficult for michigan to shoulder and talking about the fact that you can't hide behind the bankruptcy and not be accountable and a thing we are seeing, interesting coming into detroit. opening up store fronts. they want the african-american community to reach out to them and hiding behind the bankruptcy statute and saying, well, it is the bankruptcy process taking away the pensions. it is not. it's not the bankruptcy sta

. >> the younger, the sweet demographic is using snapchat which by the way is -- >> the kids love instagramve instagram and love that. they have to figure out how to monetize that. >> facebook, would you be a buyer? >> i'm in twitter and don't feel the need to add both. if i would add a second i would look for a dip in linkedin. it's not that anything is wrong with it but you only have so much room in the portfolio. >> we thought the day they would join the s&p 500 it was also a pop of this -- almost the same magnitude at these levels so i don't know if that means that the market believes that is worth all of the incremental funds buying. >> it happens with every one of these. this is the pop. this is going to be it. >> you're not going to see more than this tomorrow. >> all right. let's move on. coming up next, bk. >> that's me. >> bought the bitcoin. you know that. holding teddy. why does he prefer the hot virtual currency over google any day of the week. plus, chasing high flyers, why the facebooks of the world could provide the retail investor of more of a wild goose chase, the presiden

direct messaging with photos on suggests they are thinking not just competition ith twitter but with snapchatch is one of the hottest star start-ups in silicon valley. eeping in the platform of instagram could cause more it use it. they are thinking not necessarily to send ads but they keep people in an environment are the ads are. there are the risk too many social media platforms? twitter accounts, facebook, linkedin, it goes on and on. we going to run into any is just a few that really survive? >> i think what you are seeing all things to the everybody social networking phrorpbl. real-time short orm mental message and instagram the verbal tphrrpl. so i think you are seeing a differentiation by how the the social l use network. i think that is an advancement. what do you make of this? s&p ook being added to the 500 and 100. networking ocial company that you could argue king of all of them being added to an index. what does that signify is it of age uggesting coming for social networking and stocks. facebook, twitter and linkedin now have three large cap social networking stocks. huge k this

and a snapchat-like function could be on the way. >>> retail sales showed a pickup in november.er? we'll bring you some word on what the economy did earlier on. >>> and ski season is in full swing. vail resorts is expanding. should you get into the mountain trade? we'll have the ceo of vail resorts here exclusively during the hour. >>> first up, though, as we mentioned, hilton making the debut at the nyse. simon is here to give us a rundown of not what just happened today but for the past few years. >> absolutely. phenomenal turnaround. blackstone took them private 6 1/2 years ago, and today returned it. don't forget they priced last night at $20 a share, so they raised in excess of $ 2.3 billion from that road show, and today, the public got the chance to buy the stock for the first time. you saw that it's now trading at just shy of $22. so a big premium to the rest of the hotel industry. some would say overvalued, christmas, though, the man of the moment, earlier on the program, was quite clear, as you heard in that clip there. this is a very fast-growing lodging business, and

is it snapshot or something else -- snapchat or something else? >> oh, gosh, i'm too old.n facebook. i'm too old about this conversation with you. on asht in greeley brendan greeley on facebook. > -- brendan greeley on facebook. >> maybe it is not about social media. maybe next year it will be all about bitcoins. >> pending home cells number at 10:00 a.m. >> good morning, everyone. "bloomberg surveillance." big news -- look for bloomberg television on apple tv. i'm tom keene. with us, scarlet fu and cristina alesci. our guest host this hours brendan greeley of "bloomberg businessweek." >> did you watch any football games? >> tom wachtel like -- tom watched 14. blacklike money -- monday. for tv advertisers, time to check out the checkbooks. live nfl games accounted for nine of the 10 most-watched telecast of 2013. the oscars is the exception there. attorney for madison square garden with years of espn programming there. welcome. the tv viewing expense of nfl games is so great. people say it is better than going to live games. does it threaten the sport of football as a resu

like take snapchat. have any revenue, so saying it's worth a couple of billion dollars implies some optimism. but if we're wrong, there's only going to be a couple of venture funds and one hedge fund that looks silly. this isn't like '99. >> elon musk said he was surprised how far tesla had run. he made that comment to investors. and they pulled money off the table. but he said, hey, i'm surprised we're here this quickly, too. >> he's right to be conservative. and i think, you know, tesla is a company that had to go through a lot of challenge to get to where it is. he's trying to remind people there are challenges ahead. but i think what you're seeing from investors and the evaluation of tesla is how big the market is. almost unlimited potential. i think you could argue that investors are looking a little too far forward to that potential and i think that's what he was trying to say. >> in the consumer space, i don't know if you can get this screen going. we talk about path, red fin, and chart beat and s

they're all private right now. >> okay. >> that's why there's so much silicon excitement around snapchat i think google will go into it, facebook. >> wow. >> whoa, jon, people are responding to the -- they really do want to know what you think about valuations, business models, long term. come back soon. >> great, thank you. love being here. >>> been talking about the volcker rule this morning and what it could mean for the banks. up next, we'll go to lazard ceo kenneth jacobs. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it