snapchat was one that certainly facebook's eyes.hey were not interested in so this story is continuing, even with big price tags of no value to a company like facebook. if you have got a lot of money to play with and it is a fast-moving business. >> weigh in on this. this is a lot of money. >> it is crazy. if you are in silicon valley, what you need to do is get google interested in your company and then go to facebook, or get facebook interested in your company and then go to google. that is my advice for startups. say.t me just here you can see my phone. i do not know if you can make out whatsapp. i sent out about 200 of these messages per day. it is massive. there was the facebook messenger. every time i get a message or send a message on facebook, which is a couple times of day, it tries to get me to use their apps, and i am not going to do sapp is so mucht easier, and my friends and family are already using it. i think facebook is thinking, we this market, into so we have to buy it. $15 billion, that is huge. >> is there anyway

the same for snapchat, which has passed the volume of facebook. question is, is the opportunity so big that it doesn't matter that they don't have all of it? 70%t ok for facebook to be of your smartphone socializing activity, spread across a bunch of federated applications, whether it is facebook home or messenger or whatsapp, or the next big thing they buy. the downside might be, they bought instagram and that was a great deal in a financial sense that it did not do anything around the positioning and photographs. spentey bought whatsapp, $19 billion, which brought them 450 million active users. what happens next? is cannot presume this game over. the elemental thing that is happening in mobile, there are two basic issues. is the internet with the web, and that was settled in 1994, 1995. when you go to mobile, suddenly you have a massively more complex environment of how people engage. this year, laster is messaging. i cannot give you a reasonable forecast on what i will be doing in my smartphone four or five years from now. goes back to my quest

>> there was a question from the audience saying, what about snapchat?epeated the question from the audience. he said, this is enough. i said, with a $19 billion deal, probably, let us take some time before we do anything else. i said, with your company, you never know. if he can buy good services that will help expand his vision, i think he will do so. i think it is a very different kind of thing because it is for developed countries. it is an elite rich people service. it is a different universe. >> there was a discussion about integration and how the product might work. sort of the procter & gambleization of facebook, with parallel services that do not interact on the front-end. how do you think facebook thinks about services like instagram, whatsapp, and facebook? >> it is becoming a portfolio. there is no question. i think it was cheryl who recently called facebook our primary app, which was a stunning direction to go. they are really starting to think about those other services as non-equivalent, freestanding, parallel entities. the way mark was ta

demographic we see a benefit from it but in snap chat they're having trouble monetizing it i've snapchat actually turned down a deal from facebook as it was to something like two billion dollars they were offered to buy snapchat and they turned it down which i think was a big mistake because snap chat is the kind of thing that seems more like a fad because you can't really share a lot of links you can't share u.r.l. is that you can then monetize on the back end it's just something that you can use for fun but facebook is the type of thing that exists it has longevity and it's the type of thinking that can result in long term monetization so from a business standpoint the demographics that facebook incurs are the type of demographics that you and me can make money on. it would what do you think about that i mean again you know we have this these changing demographics here and i mean i agree a more people can get on the internet but i mean at the same time facebook is a known quantity and it's not the exciting thing it's a great utility don't get me wrong it's a great utility but for most

move over, snapchat. cramer reveals how it works when he heads off the tape. when you order the works you want everything. an expert ford technician knows your car's health depends on a full, complete checkup. the works. because when it comes to feeling safe behind the wheel, going the distance and saving at the pump you want it all. get our multi-point inspection with a a synthetic blend oil change, tire rotation, brake inspection and more for $29.95 or less. get a complete vehicle checkup. only at your ford dealer. >>> values simply doesn't play a role in the upside. all we care about is heading for the exits or owning stocks of companies that beat top, bottom, raised guidance, and crushed the shorts like i talked about at the top of the show, think about it. everything else with the exception of twitter and the marijuana stocks has been totally problematic in 2014. take the endless focus on microsoft and the new ceo, satya nadella. we know there's a ton of value being unlocked there by why would an insider unlock it? the last quarter was good. i would love

. >> my favorite talking to kara today said if i'm in snapchat i'm happy today. >> i'm sure they are. >>> welcome to the "halftime" show. whatsapp with that, we're breaking down facebook's biggest deal over. did zuck over pay and what does it mean for google, apple, twitter, and everyone else. free markets, fair markets. why high speed traders are turning to laser beams to get an edge. >>> price on the line. priceline reporting after the bell. wi can this stock continue to fly? murky is already shaking his head no. that's why we're going to meet it later. let's meet our starting lineup, joe terranova, steve weiss and jon najarian. he says the correction may be over but the volatility is not. that's where we do begin with how to navigate what could be a very wild market for the remainder of the year. joe tear morranovterranova, how? >> it's going to be a frustrating year. you take the holdings that you have. you know you have convictions and these holdings to begin with and you trade around the edges. what have i been doing over the last couple of days? energy, energy, energy. can't ta

using it are the kids are the kids going to be using facebook when they get older you know because snapchat has what they want now but when they get older and when they do become media consumers and they want the stuff that me or all sooner you are putting out then are they going to move to facebook and i think that's a big question too and i think the cultural stuff you know you can kind of gloss over that either because i think in russia we were wrong there's another kind of they have their own social that we're awaiting is huge in russia called to come to everyone is on a very particular it's very popular but i would say and you know anybody that has made book a penitentiary in the area and it may be facebook is very very competitive in russia. clive let me go to you has facebook redefined what we mean by community. yeah well you know in one sense yes because it is allowed us to to stay in contact with what sociologists call weak links ok so weakly you think about your strong links your strong links the people you know really well that you're you know your b.f. asio the four or five peop

john tower, did she snapchat that to you?i thought it was a pretty good test. >> it looks like me. >> his turnaround was a bad one. >>> to politico. mike allen has a look at the playbook. mike, good morning. >> good morning, willie. >> great piece up on politico by glenn thrush this morning about vice president joe biden. reported that the vice president has clashed with the president's staff. take us through some of the highlights of this piece. so much to get through in glenn's piece. >> this is the cover story of the second edition of politico magazine joe biden in winter. joe rode an amtrak train with joe biden in philadelphia. had an amazing conversation. coming away saying he is still a happy warrior and recognizes he probably is not going to be president but not ready to give up and definitely plans to try. glenn came away both from his conversation with the vice president and from talking to countless people around him that the vice president does want to do it. willie, the juiciest three words in this article are whe

. >>> hackers are now bombarding snapchat with pictures of smoothies as part of a scam.ends picture of a drink and says, try it with me. experts say it appears the hackers are breaking into individual users' accounts to send these messages. snapchat says it is aware of the hack and is trying to track down the problem. >>> a nationwide effort to help restore america's bee population is under way. friends of the earth and other groups are trying to focus national attention on garden stores like home depot and lowe's to stop selling bee-killing pesticides called neonicitinoids. they say the spray is found in many brand names as well as pre-treated plants. >> bees are in serious trouble. bees across the country are seeing entire hives die. we need bees to eat, to have most of the foods we put on our table every day. this is something that affects everybody, and i really hope people will step up. >> home depot issued a statement saying it is til woactively wor with our live suppliers to protect live goods and the bees. but the state department said nothing about pulling the p

dana, facebook tried to buy snapchat. >> eric bolling 2016. >> $3 billion in cash, and they said no. >> they should have taken into account that you have an account with snapchat that is eric bolling 2016, and we're still waiting to find out why eb2016. >> what is snap shooter? >> like the coolest thing ever. they should by buying that. your thoughts on that? 73% of people between 12 and 17 years old use facebook. that's a good advertising demo. >> there's more community in facebook than twitter. twitter, i use more, but it's look at me. facebook is how are you? that's why it has a community. but you have to remember one word, myspace. 2007, i was on the, i don't know, 18th, 13th floor, sharing with these snotty little brats on myspace. they put signs on the fridge telling us at red eye not to eat their food. they were jerks. >> was it kale and areg law. they got sold out because they sucks. >> john elway is one of the best football players of all time. that paid well. he then went on to start one of the most successful car dealerships in america. that paid even better. he's american

brings a more secure messaging experience and snapchat which earlier turned down a $3 billion offer from facebook, allows each other to sell photos, videos that self-descruct in just second. there's an app called avocado, markets to couples. give a virtu virtual hug to yo phone. his compan company tracks 4,000s on. marcos thanks for joining us. many of us are learning about apps called avocado. prior to today, was what's app struck you as the big thing that would be sold for $19 billion? >> hi ali, appreciate being on. we recently did a report covering 2014 and the mobile apps and what we realized is social messaging platforms are really, really big. so i think what's app was certainly on that radar. they have a large install base and there are a lot of people using them outside the u.s. the price tag you never know with these things because you're buying more than just a technology but there are a lot of really interesting social messaging apps many of them you mentioned before, line, kakao. a lot of these in asia are really monetizing extremely well. ceancandy crush for instance, wn th

snapchat.that so sort of similar? >> the growth in this asset has doubled in the last nine months in terms of how many users it has. reach ad point where 450 million users it really dwarfs the other messaging services. they're paying up a premium price for premium property in this instance. liz: you have a whole host of shares of facebook. when did you acquire them and what price? >> we entered facebook, march, april time frame. our average cost might be $27. liz: that is unbelievable, you're in the money hand over fist. you obviously like this. the stock responded very postively. here is the intraday picture, as minutes went by people liked this deal more and more. what would you like to have facebook do next to keep the value and eventually take some off the table? >> we like the current price of facebook at $69. what we expect facebook to do is continue to grow revenue at a face pace. they will introduce video advertising. they will monetize the instagram platform and introduced targeted ads

but other applications like snapchat, very popular with the kids, and even rand paul that joined snapchat about this before, don't count mark zuckerberg out, some people had, about future-proof facebook. and this is no way to future-proof facebook. >> the stock closed at $68.06 yesterday. >> what? >> facebook. it opened at 38. it dropped -- people around this table talked about how this thing was moving in the wrong direction, because it was -- i think it dropped last night in after-hours trading but you can't bet against it. just to put it in perspective. i didn't mean to cut you off. >> but you did cut him off. >> america's sweetheart. >> start out with bless his heart, and then he can do it. yeah. >>> facing criticism from the left, officials from the congressional budget analysis are defending the minimum wage hike. they say it could result in a job loss of 500,000 workers. the high end of the estimate was 1 million jobs. white house officials are calling the report inaccurate. but the director of the cbo is standing by the findings, and saying, quote, i want to be clear our analysis

instant messaging and snapchat does what twitter does, sending messages back and forth.hey're missing a little component. they're great at gathering news, unbelievable. they broke the so is a ma bin will orb o so ma bin laden and probably just the u.n. bieber stories. it's too scaffolding with hashtags. they will get there, i think. i think it will develop and work out over time, but right now, they have to sell to the masses that, yeah, if you want "breaking bad" information, it's there, and there's a lot of it. some is very cool. if you want "the walking dead," it's there. bieber, any news source you want -- thousands of eyeballs that have main stories in twitter. >> web 2.0 of companies -- linkedin is good as far as stock concerns. >> it's a facebook for professional user but also a job search so when they report numbers, what we're able to get is timing is not so hot. it gives a lot of components. i like them because my dad had one job his whole life. i will probably have six to ten television stations i worked, plus my past career as a financial advisor. knowing peo

. >> teens do seem to prefer instagram, snapchat, and other networks to facebook. teens are on facebook but are not as engaged and enthusiastic as they are about other networks. that is an ongoing challenge for them. >> so far, facebook has proved resilient. in 2012, shares were hit by fears facebook was not making enough moaning -- money for mobile usage which now accounts for 73% of its daily usage. but rising to the challenge, facebook announced last week that 55% of its revenue now comes from advertising on mobiles, and it is growing. for now, facebook remains one of the world's most profitable tech companies. last year it made $1.5 billion. >> it will either be an amazing story of survival or just a tall sea tale. a fisherman has been found alive in the pacific one year after he disappeared from a mexican fishing village. he says he's spent all that time at sea only surviving by drinking the blood of sea birds and turtles. that not everyone is convinced that is the truth. >> it was supposed to be a one-day shark fishing expedition which allegedly turn into an

the deal could possibly help the social media company dominate over messaging apps such as snapchat. although, whats app fans are concerned about facebook's influence in terms of ads. and, fun fact...prior to creating what'sapp... the founder lived on food stamps, and created the free messaging service because calling home to the ukraine was expensive. food delivery company "grubhub seamless" is on the go with an ipo. the company aimed at people who order takeout food online reportedly filed for a confidential initial public offering. the ipo could happen by june. grubhub started up in chicago in 2004. seamless launched in 1999 in new york. as a combined company it processes 150,000 customer orders per day. challenging days are ahead for walmart...fourth quarter profits plunged 21% to $4.4 billion. and, the world's largest employer gave a muted outlook on earnings for the rest of the year. the retailer blames tough winter weather and the government's november first expiration of of additional food stamps to low-income shoppers. however, walmart is making inroads into more neighborhoo

well past that in years, a challenge the social network is facing with competition like twitter and snapchat. >> before facebook, there really wasn't a place where you had a global directory, where each person could say this is my digital footprint on the world. >> reporter: facebook now worth $150 billion. now, that's what friends are for. for "today," joelle garguilo, nbc news, new york. >> worked out for mark. >> yeah, $3 billion additional out of that. >> not too shabby. we asked you to weigh in, finish the sentence -- i use facebook for. we loved your responses. we have a few of them to share with you now. >> this one says "stalk exes and research co-workers. let's be honest here." >> i appreciate the honesty on that one. who doesn't use it for that? we also hear from barbara, who said she uses it to "keep contact with special people you have met along the journey of life no matter where your journey takes you, sharing laughs and thoughts on just about everything." >> then quickly, another one -- "answer questions by the "today" show in hopes of having my response read on the air." >> t

well, when have we heard a discussion, scott, from apple about snapchat or about instagram or even about whats p whatsapp? we haven't heard a discussion from apple about any of those things. they're instead doing the oldest stodgiest thing in the book, buying back their own shares which, like i say, the fact that zuckerberg didn't get snapchat but he was on it and he knew it was hip and that's what kids were using and he wanted to put a wall around his company and use that as defensive move, keeping it from google, if you will and so forth, google tried to pay the same amount of money that zuckerberg did, they were basically 19 billion bid as well but the guys over at whatsapp didn't want to go with google because they were perceived as too slow. >> seema mody is at the nasdaq. you have a front row seat who what is the market story of the year. the nasdaq has out-paced everybody else and the tech stocks continue to rise. >> 13 1/2 year high today as you mentioned, scott, thanks to the resure jens in the technology space. i've been speaking to analysts all day and there seems to be three

itthe thing with snapchat, seemed to be more of a one-on-one conversation. whatsapp tries to create these communities of people talking. whatually, if you know they are talking about, you can probably throw ads at them. like aapchat, it seems fleeting moment that is harder to monetize. first silicon valley billionaire, which is to say, you are a new york-based company. how much of a difference is there between silicon valley and silicon alley? >> the weather. i do not think it is snowing in silicon valley right now. it is a much smaller community here in new york. i do not know why. i would've much rather live here than in california. companies here treated the same i buy investors? >> there are not many large companies here for some reason, and that should change over time. facebook and google are starting to build employee bases here. >> is that working? we ceding an intellectual sense of what needs to drive growth in the tech business? >> new york is getting more attention. 10 years ago it got almost nothing. it will be slow and we have to keep pushing. >

they tried to buy snapchat. whatsapp comes into the picture. >> right. google reportedly also tried to buy whatsapp, but facebook snatched it away. the founders have been famous for hating advertising. we want to give our users something that is ad free. according to whatsapp founders, they say, here is what the change will mean for you. nothing. whatsapp will retain autonomous and operate independently. you can continue to enjoy the service for a nominal fee. you can still count on absolutely no ads interrupting your communication. if facebook is not going to add ads, why buy it? >> we all know the position of mark zuckerberg, emily. he seemed reluctant to bring advertising to that facebook platform. his reluctance to saturate facebook with ads and make people feel like that platform is less relevant. when they acquired instagram, he said, give instagram some time, let it breathe. a lot of people looking at the growth of the facebook business, in terms of dollars and cents, would say they are doing a pretty darn good job of finding ways to generate reve

they tried to buy snapchat. whatsapp comes into the picture. >> right. google reportedly also tried to buy whatsapp, but facebook snatched it away. the founders have been famous for hating advertising. we want to give our users something that is ad free. according to whatsapp founders, they say, here is what the change will mean for you. nothing. whatsapp will retain autonomous and operate independently. you can continue to enjoy the service for a nominal fee. you can still count on absolutely no ads interrupting your communication. if facebook is not going to add ads, why buy it? >> we all know the position of mark zuckerberg, emily. he seemed reluctant to bring advertising to that facebook platform. his reluctance to saturate facebook with ads and make people feel like that platform is less relevant. when they acquired instagram, he said, give instagram some time, let it breathe. a lot of people looking at the growth of the facebook business, in terms of dollars and cents, would say they are doing a pretty darn good job of finding ways to generate reve

snapchat has been very popular lately, whatsapp has been popular. though you run the risk if you are facebook of putting all this money and the kids at something else by next year that they are using? >> yeah, i mean, that is the really important point here. the rapid growth in four years is stunning, so there is your value. but if a company can grow this quickly and still have this fragile position with no real mode in the market, it also makes you wonder exactly where the value is here. that is the essential tension and all of these rapidly growing networks. what is their real motive get someone else doing the same thing? reallywer is there's not one, but from facebook's standpoint, you cannot afford to take the option À la the of buying this before someone else does. >> it almost feels like the nightclub. while the kids are flocking to that. six months. >> right, so what is coming next? what does this mean for the tech industry as a whole? >> obviously blackberry, i think the shares orose on this news because they were rumors they wanted to sell

snapchat drew offers at a $3 billion valuation.pp that focuses on privacy, in december raise the another $50 million. we'll have to see if its 400 million daily messages draw more acquisition interest. and snapchat isn't the only hot messaging app but you may not have heard of the other ones because they are overseas, there's a hybrid of facebook and twitter it's a chinese microblogging platform and last year alibaba invested $586 million in the company at an estimated value north of $3 billion. the parent company is traded on the nasdaq with a $4.8 billion market cap. popular in japan, taiwan and thailand is a start-up called line, it has more than 340 million registered users offering text messaging, and voice calls and photo sharing and games. it's free but it charges for stickers which users can add to chats. it's developed by a japanese division of neighbor which is a korean internet company and then there's china's leading messaging app wechat with 272 million monthly active users. it earns most of its revenue from games. it'

you see the upside of a company like instagram or snapchat and a year later you have a billion dollaraluation. for apple, you cannot offer impact. >> you hear stories like this? i think here about people leaving like the president who started there and was a former apple employee. >> tony. >> and now, he is at google. >> and the next team is, by the way, one third former apple employees now working at google. >> and that is what you see, people who are talented leading out of places like google and apple. and they go from there. >> i met with some real estate people here. they say they are seeing companies of a certain size, 30 like 25,000hing square feet, and they are looking for their next office space, 100,000 square feet, and to use that space. they want to show off. hey, we have got a fancy office, or, hey, we have got a fish tank, but the notion that this is going to be a great, fun place to work. >> yes, everybody offers cop or a foosball table. what do you have to offer? and that is what is tougher and tougher. >> you covered apple for more than a decade. you were talking to s

understand that or not and i think the younger people do understand that and that's why they're on the snapchat because it's not like we said is is not permanent disappears as soon as you understand it in the games they put it in that they're going to have it so i think they are going to have it because you can take a screen capture of it ok that's true but i was just saying exactly that's true but the difference between the generations is that the baby boomers want everything saved for ever ok that's the difference here clive how do you feel about that did the what kind of relationship should facebook have with the u.s. government because i think that you know i don't see facebook being malicious here i see them being weak and i think that they should stand up more for their users because i think all of us go to facebook for good reasons or most of us anyway not . for malicious reasons but just to be what it's all about friends. well i mean here's the thing there's two issues here this one about i don't even a week i mean when the government comes out with the national security letter you know

>> snapchat will do what they can but they have a long road ahead. >> there are so many other optionsnap chat, twitter. happy birthday facebook. thank you all for watching this edition of the show. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates or its emplooror >> the following is a paid isement for omega xl. ♪ >> my name larry king. a few years ago, i had to haagat open-heart surgeopenand when iop recovered, i established the the larry king cardiac foundation to help people like me avoid heart problems with propoblemsds, dication, and have ation, hy

the same teens using snapchat to make it a joke but they used messaging apps like this to speak to agroup of people. they are still taking photos and putting it on instagram. these are different than the photos they put on a facebook. proliferateg tools in ways that allow for new opportunities to interact with different groups of people. >> what happens five years from now? i don't know what i am going to be using on my phone five years from now. >> we will find ways to communicate one-on-one with people that we care about, in small groups, and with larger audiences. we will communicate across interests that we are passionate about, whether it is one direction or youtube videos. it was rare when everything was consolidated to one service. i think this is a more obvious way going forward. we will have tons of services that are mobile first. >> what about whisper? whisper broke news about gwyneth paltrow. is that how teens are going to be in their news? >> i think it is the desire to pay attention to gossip. i see this secret type of app as an extension of what we saw previously, you w

. >> in snapchat. facebook, twitter, tumbler, pinterest.going to see a lot more of it. >> reporter: as with any sweepstakes, we felt it was important to read the fine print. it says the random drawing will be for 50 finalists, then organizers will select two winners. they will begin do background checks, and disqualify anyone who might disrupt an event. all of this is timed to coincide with a deadline for healthcare enrollment. jana katia katsuyama ktvu, channel 2 news. >>> take a look at live stormtracker 2. the showers heaviest up in the valley. lake orville, rainfall accumulations thus far have been very light. you can see out your window, just got light showers. here a little more activity. maybe a little moderate rain. san ramon, fremont, just light showers. here by mission peak, heavy rain showers. but breaking up a bit. we start off at 5:00 a.m., that's going to be some of the heaviest rain. santa rosa, the showers are ending. here we are at 7:00 a.m. still pretty wet, mainly south of san rafael. the morning commute for the most part

. >> in snapchat. facebook, twitter, tumbler, pinterest. see a lot more of it. >> reporter: as with any sweepstakes, we felt it was important to read the fine print. it says the random drawing will be for 50 finalists, then organizers will select two winners. they will begin do background checks, and disqualify anyone who might disrupt an event. all of this is timed to coincide with a deadline for healthcare enrollment. jana katia katsuyama ktvu, channel 2 news. >>> take a look at live stormtracker 2. the showers heaviest up in the valley. lake orville, rainfall accumulations thus far have been very light. you can see out your window, just got light showers. here a little more activity. maybe a little moderate rain. san ramon, fremont, just light showers. here by mission peak, heavy rain showers. but breaking up a bit. we start off at 5:00 a.m., that's going to be some of the heaviest rain. santa rosa, the showers are ending. here we are at 7:00 a.m. still pretty wet, mainly south of san rafael. the morning commute for the most part, wet on

run other way, when i see these type of valuations awarded to companies, i'm thinking that kid, snapchat down $3 billion offer from facebook last fall? well, he is looking brilliant now. i don't know if that is a sign of his prescience or the market's craziness. >> makes you wonder. szukster is got money to spend. this guy turning down three billion. where is reality in this? maybe they see something i don't. neil: called new paradigm. gary b., we talked about other paradigms went bust. i always think you got to invest, promises is one thing but profits invariably are the bottom line thing. we're going back to investing on that worries me. >> yeah. exactly. and i think you know, these new companies, and i still throw maybe it is not new anymore, but newish, even like google. certainly facebook is relatively new, they are so desperate for that next edge. it is like they have got to come up with the next great thing i think they're a gamble. neil: keith, go ahead. >> we're using words and similarities between the.bomb be crisis. eyeballs. click factors. we're seeing all terms come back. th

why has this company traded nine times earnings and there was snapchat. >> now you are into snapchat? >> yeah, i think that may be a big deal. >> part of me thinks this is a no-brainer. the snapchat. >> i didn't understand how that could be major and now i see it is every kid's way of having conversation. it is every kid's way of -- >> it goes to california and comes back a technologist. >> i know a lot about that now. i'm also worried because the weather in pebble beach, see, i've been there for six years, and the weather's always been fine. it's always been sunny. and there was so much rain and wind, i don't think pebble beach has had rain and wind before. >> is this the climate change commentary? >> well, i'm just saying for me personally, and that's how i decide about climate change, it was so different this year in pebble beach that i think -- because you also know what's happening in the world right now. you know what it is? it's the -- it's the end of snow! without a trace of irony. it's the end of snow! who would "the new york times" get to predict the end of snow? >> are you

reach out to us on twitter, on facebook, msnbc.com, instagram, vine, snapchat, linkedin, youtube, pinterest sure we can help those of you still using myspace. use the hashtag reiders. what issues and stories ought to be on our radar? we will bring it to this space every day. and we're going to say power to the tweeple. >>> okay. so a crazy thing happened in los angeles last night that you will not believe. a basketball player played basketball. but it wasn't just any player. it was jason collins, who by taking the court, became the first openly gay player in any of the four major sports. one day that might not be news or a big deal. but right now it's history. collins tried to downplay the moment. >> right now i'm focused on trying to learn the plays, trying to learn the coverages, game plan, assignment. i don't have time to really think about history right now. i just have to focus on my job. >> the 35-year-old played for 11 minutes, hauling down two rebounds and getting a steal. one person who might have been paying particularly close attention in an altogether different pro sport was mic

and run other way, when i see these type of valuationswaded to companies, i'm thinking that kid, snapchaton offer from facebook last fall? well, he is looking brilliant now. i don't know if that is a sign of his pscience or the market's craziness. >> makes you wonder. szukster is got mey to spend. this guy turning down three billion. where is reality in this? maybe they see something i don't. neil: called w paradigm. gary b., we talked about other padigms went bust. i always think you got to invest, promise is one thing but profits invariably are the bottom line thing. we're going back to investing on that worries me. >> yeah. exactly. and i thik you know, these new companies, and i still throw maybe it is not new anymore, but newish, even like google. certainly facebook is relatively new, they are so desperate for that next edge. it is like they have got to come up with the next great thing i think the're a gamble. neil: keith, gohead. >> we're using words and similarities between the.bomb be crisis. eyeballs. click factors. we're seeing all terms come back. that is worrisome. neil: we'v

now i know why that 23-year-old founder of snapchat didn't snap at the $23 million that offered for hisd he would roll the dice, wait for a better deal. sound crazy? maybe not. if it doesn't sound frosty to you, it does to me. maybe it is just me, but i think i have seen this game before. the last new paradigm, where it wasn't the dimes companying were making but the promises they were offering that really mattered. remember all those companies that achieved sky high valuations based not so much on their profits but on their protential? there is nothing wrong with investing on a hunch, but if i'm facebook and i'm plunking down $19 billion for a company that hasn't even beenand two years, i hope i'm going on more than a hunch. then again, i'm facebook, right? and come to think of it, i'm worth tens of billions of dollars myself, based on kind of the same hunch, that the great social web is more about users that dollars. by the cruiuser, eventually you be grabbing the dollars. for all i know, the companies may be worth all the dollars and users they're attracting. maybe they are. then aga

. >> reporter: snapchat and pinterest is the choice for this generation. >> what are you doing on facebook they are part of it and they can see everything you're doing. while you are drinking here, yeah. >> reporter: , in fact, the biggest increase in facebook users during years is people age 55 and older. now, that is like totally uncool. >> i think of a huge part of that just has to be attributed to the rise of parents and grandparents and aunts and uncles and photos that people are posting and engaging in the way that advertisers want to engage in facebook but that is not what teens are looking for. >> reporter: what teens are are looking for is a parent-free zone online. >> they want to know what you are doing and want to know and check what you are doing if you are doing anything bad. >> reporter: and teens who still use facebook are careful to keep the grown ups out of the loop. >> reporter: i'm not friends with my dad on facebook although he does have an account. >> reporter: mom and dad now have facebook accounts but, as always, they have not got a clue. rob reynolds, al jazeera, l

they will get into the snapchat game and build different types of, yeah, trying to build different typestools over there. facebook is focused on mobile and that's where twitter's strength is right now. i tweet on my iphone most of the time. i don't tweet on the desktop this. is losing game for twitter. good company, but way, way overpriced. david: you called it back three months ago. so we have to listen to what you say. vivek, stanford university law fellow, thank you? thank you. liz: billionaire jeff green is shorting twitter because he says it is like a lottery twitter. david: what do you have? liz: everything is coming up roses and a heart for dunkin' donuts all time intraday high following better-than-expected earnings. the company not stopping there, hoping valentine's day and heart-shaped doughnuts will pump up numbers even more. wait until you hear where dunkin brand is headed next when we speak live to the chairman and ceo, nye gell travis. the stock has been a great performer. he is up next. david: the sochi olympics don't start until tomorrow the games are off tonight mayorish

i think the rise of things like snapchat, for example, is a tacit admission that things haven't playede company used to say to people, you have to be yourself, which for a lot of people, especially if you have a job where you could get fired over your politics or pictures, was very coercive, as you said, bended for that for competition. we have to go, bianca and jack, thank you very much. >>> we're going to turn to another social media platform, today's tweet of the day from our secretary of state john kerry. "it took only a year, but the state department finally let me have my own twitter accoun account #jktweetsagain." radian. plus, it comes with a resealable wrapper for discreet disposal. you'll be ready to wear anything with the tampax radiant collection. you've got to try this sweet & sour chicken helper. i didn't know they made chicken. crunchy taco or four cheese lasagna? can i get another one of those actually? [ superfan ] hey, america, we're here to help. ♪ >>> marvell comics is debuting a brand new super hero tomorrow, but this super hero is making some unusual headlines. sh

>> in terms of the other start-ups, we look back at snapchat. reportedly turned down a $3 billion offer in facebook and google. have they moved on or will they take another look at it. and apps our asia incredibly popular like line and wechat. start-ups you maybe haven't heard of but have hundreds of millions of users overseas and some of the folks here in the u.s. will look at them and wonder if that global strength is something that could be valuable to a microsoft or a google or an apple. >> a mere you know, look at the value of the deal. it values whatsapp. stunning. at more than es 275 of the s&p 500 companies. a shocking stat in and of itself. but is that price more about playing offense for facebook or defense? >> well, it's both, but this is really defense. whatsapp is an existential app for facebook. becoming the central thing people do on mobile devices across the world in emerging markets, where whatsapp is crushing 235isbofacebook messen places like algeria and other places. almost everywhere it's whatsapp. google lost the deal. they

that's why something like snapchat is so interesting.ome searchable. you have them searched out of context. that's fantastic for certain things, problematic for other things. all these other things end up scaling at unprecedented levels. you talk to five or ten people and all of a sudden it's being broadcast to hundreds, if not thousands. >> and because of that, there are real privacy issues that young kids, i could not imagine growing up in the world that we now live in. you make the point that parents should not be so judgmental of, let's say they find a photo of their child drunking beer under age, if someone else posted it, they can't protect themselves. they don't know who is taking pictures of them. we really live in that world. should we live life saying anyone can take a picture of us at any time. so we have to live perfectly. is going to be persistent, we have to think of every single act. there's no way. it's a matter of how do we ask critical questions? this is what i invite parents to do. rather than seeing something as autom

well past that in years, a challenge the social network is facing with competition like twitter and snapchathere really wasn't a place where you had a global direct oory for each person. >> reporter: facebook now worth $150 billion. now that's what friends are for. >> facebook officially turns ten on tuesday. how's this for an early birthday gift. facebook stock just hit a new high, making mark zuckerberg about $3 billion richer. >>> still ahead on "today in the bay," how the cal bears pulled off the biggest upset in college basketball this season. [ wind howling ] [ female announcer ] it balances you... [ water crashing ] ...it fills you with energy... and it gives you what you are looking for to live a more natural life. in a convenient two bar pack. this is nature valley... delicious granola bars made with the best ingredients in nature. nature valley. nature at its most delicious. >>> and we are looking live at oakland this morning. look how wet the roadways are. there's been a lot of buildup of oil and whatnot on the roadways so do be careful out there as this is the first big rain that

watch out for that, and blackberry higher on news of the snapchat deal.his acquisition sets up blackberry messenger as close second for a potential acquisition. on the down side, look at apple. shares lower after barclays down graded the stock. analysts say we couldn't quite bring ourselves to use smart watches or tvs as reasons to raise numbers nor fully convinced that these products can move the needle. still speculation or concern on werther the wearable text base will be a driver to earnings. back to you. >> seema, consumers at heart. they have preferences. that's interesting there. >>> meanwhile, a check on the metals market that closed a few seconds ago. gold, silver, copcopper, platin all down. a lot of activity. palladium flat. send it over to rick santelli tracking action at the cme. rick? >> thanks, kayla. all you need do look at an train day chart of tens. up ap couple basis points, what an important couple of basis points. we'll get to that in a moment, but without a doubt, the biggest fundamental for 2014 for the treasury market is the stock

you know, i think one of our portfolio companies snapchat is coming up very quickly. and i think that will be a real powerful company going forward. >> what would you say as a vc guy about the valuation of some of these companies out in the valley? >> are they overstretched? >> you know, multiples are high. it's really a tricky game to play. you know, the investing in high growth tech stocks, both in the private markets and the public markets, it's a challenging game. i think the way to play it is kind of the way wayne gretzky used to play hockey, which, is you know, people ask why he was so great and he said, well, most guys skate to where the puck is. i skate to where the puck is going. and you kind of have to do that with tech stocks that are growing like this. the growth is so high it's actually -- you have to figure out where these companies are going, if you're going to play those companies properly. you know, i think the market is rewarding these companies because the exceptional growth in the top line and the business models are great. if you look at the ebitd

. >> high-profile cyber attacks, neiman marcus, snapchat and others. and a massive cybergeddon scenario is on the table. joining us now, the equity strategist of bank of america/merrill lynch. a lengthy report here outlining all of the risks in the different sectors. great to have you with us. >> thank you. >> obviously, you think of all the consumer breaches. but it's really some of the other industries that have had more breaches, more damaging breaches like energy and pharmaceuticals, for instance. >> that's right. it's incredible how the nature of the threat is ramping up over the course of the last couple of years. you've now got anywhere from 91% to 95% of companies which are facing at least one external threat. you've got up to 122 successful attacks on companies every week. and increasing by 15% to 20% per year. and what we're seeing is that cyber is increasingly morphing into a national security issue. one of the fastest growing areas for attack has been critical infrastructure. the energy grid has been coming under attack, critical manufactur