vonnie: what is the most for evan spiegel?hat can he come up with that is completely unique and cannot be copied? sean: existing products that have not been monetized are snap maps. that's an incredibly cool product. what they're doing with a gyroscope and being able to tell when you're are a plane or car, that is on the cutting edge. we also think that discovers getting pretty interesting content. we have not yet seen any the big-time partnerships rollout unique content. i keep going back to the fact that when the olympics come on and their strategic partner nbc universal has the electric's, you will have content that people will have to go on snap for. vonnie: it's in south korea the next couple of years. is it a buying opportunity then? sean: we bought this morning at $12. vonnie: originally you bought at the ipo price. sean: we are in the market this morning buy more stock. i think that the negative sentiment has now shifted. the lockup is behind us and it's now execution story. vonnie: the lockup is behind us, but there a

spiegel said the co-founder won't sell snap shares this year we'll talk to a snap analyst later on in this hour. >>> and google's ceo cancelled a company-wise town hall meeting that was organized after one of google's employees was fired the employee was let go after a controversial memo on women was released some employees worried they would be outed in the media for asking questions some of the pre-submitted questions were leaked along with the employees who submitted them >>> and one of uber's earlier investors is suing travis kalanick benchmark claiming fraud, breach of duty and breach of contract benchmark wants to boot kalanick from the company totally >> when is the last time a board member sued another board member at the company this will get interesting. kalanick owned 10% of the company, benchmark owns 13%. >> and 20% of voting shares. >> he does not own enough without the help of camp and others to prevent things >> he will also lose the right to have his board members -- in addition to his own board seat, the board members he was able to carve out through his separation a

. >> and ryan spiegel and some little spiegels.s. >> that's right. >> little spiegel where is we get to this trivia let's ask from the council's point of view what makes gaithersburg tow amazing? ryan i'll start it were you with you. >> sure. we're not only the geographic heart of montgomery county with access to transportation, highways and transit, we're also an economic and job center of the county and the region with our biotechs and our science industry and our wonderful retail and town centers. but we're also an arts center for the region with great we have wonderful diversity here one of the most diverse cities in the entire nation so we think we have a lot of great things going on here in gaithersburg. >> one of the great things that we talked about was there's more coming. >> that's right. >> more coming. >> that's right. well you're in crown farm or downtown crown as we call it right here this spot. one of the newest neighborhoods in the city. it's mixed use neighborhood. transit oriented neighborhood. it's growing. there

fewer users than anticipated the results raising concerns about competition which snap's ceo evan spiegelid address on the earnings call. >> we have always been last to market, competing against giant companies, we've been able to grow our mbusiness in markets that are highly competitive because we're focused on innovation that explains why we're willing to take this wait and see approach in markets around the world that don't make sense for our business at this point but may make sense in the future. >>> joining us is kathleen smith, principal and co-founder of renaissance capital cramer tweeted i'm thinking the eagles second period play is about as good as the conference call last night. >> the eagles did not do well last night >> yes when the ceo talked about focus on innovation, i think for wall street we're focused on growth and finding out how this company is going to earn money i think that the priorities, we have to get in line -- the company has to get in line with what the public markets are looking for. >> kathleen, how much can we say about the ipo market in total because of w

evan spiegel talked a little bit about this on the earnings call.et's listen in. >> given the amount of speculation around the lack of expiration, i feel it is important to note that bobby and i will not sell any of our shares this year. the company will withhold the shares needed to ask if i -- task of i our -- our holding operations. scarlet: is that something that investors are talking about, the leadership of evan spiegel? it starts with him not selling his take, but being able to share his strategy with investors? >> a lot of people are talking about his arrogance, about this position. on the call yesterday, when he was asked about -- it seems like you are using similar growth tactics to facebook, and it seems like you do not like those growth tatts -- growth tactics, he had an arrogant answer to that and said listen, we are always the underdog, we always have in. we are the last market and all of these areas and have always been sick ethyl. -- successful. so a lot of yards i'm hearing --m investors and others concerns i'm hearing from investor

vision does not fit in with their beliefs we spoke to the coordination director of the facility get spiegel here who says that they are even more concerned now about the children after what happened in spain in fact there was a leak. about an internal documents made up by a kindergarten leaders in the framework of an initiative to strengthen their got leaders and to train them to recognize signs of possible radicalize ation is a very early stage with toddlers and in the aftermath of the divorce a little tax it's you know very it she you know radicalization than islam related terrorism or jihad is. but the problem could be much more widespread than previously thought across the most five hundred cases have been found of schools with radicalization issues political commentator david vance told us that the roots of the problem go far deeper. conventionally when we talk about radicalization we normally referred to i guess young man and then perhaps late teens early twenty's as we've seen for example in barcelona and we've seen the horrendous consequences in this instance what we're talking abou

i wanted to ask about evan spiegel.atings for in to the ceo and his leadership capabilities? there are questions about how willing he is to show his strategy to lead the company. he is not necessarily someone who shares widely. he just seen as much more integrated and self-contained, and that is an issue for a tech startup. james: there is a qualitative and quantitative answer. core health looks at 62 different ratios within a company. those measures are looking at how much sales, what kind of profitability, what is it doing relative -- what are these metrics relative to the sale of the company, the assets, the capital employed? management decision-making drives the elements that get to efficiency good qualitative is that if you are in the public market, you cannot act like a teenager who doesn't want to share anything. the bottom line is that the companies that share the markets are the companies that are most embraced for the markets. if you are going to be secretive and you are going to keep secrets from you sharehol

the dnc suggested majority leader mitch mcconnell, spiegel paul ryan and vladimir putin. the rnc suggested chuck schumer, nancy pelosi and vladimir putin. there is bipartisanship in the city after all. at the conclusion of tonight's argument you will be asked to serve as you had in the past as a jury and vote on the following questions: is a trial court air in convicting the weird sisters of king duncan's murder? at the end of the argument, if you believe the weird sisters were falsely convicted in the trial court aired, please both with the blue token. if you believe that the trials court did not air and the decision to remain upheld, please both with a red token. let me introduce the participants. welcome supreme court marshall. [applause] we get no further than this podium didn't have amazing advocates who spent countless hours getting ready prepare take the abuse they will endure and that would be our advocates tonight, please welcome counsel for the petitioners, the weird sisters. [applause] knowing that if you can defend the interests of the united states in day in

. >> spiegel and the chief strategy officer stressing that current advertisers are spending more and that they're drawing more advertisers to their new easy to use self serve ad platform saying users are spending more time engaging with the platform, but even that positive commentary does not look like enough to reassure investors. >> i want to take you back to european trade miners are leading losses at the european open following a slide in chinese metal political tension around north korea affecting the sentiment. randgold down by 0.4%. antofagast ash antofagasta also down. ray dalio has said to buy gold on the rising risk created by north korea. in a post online, the bridgewater associates founder, who manages about 1$160 billion said the rising uncertainty means at least 5% to 10% of your portfolio should be in the yellow metal dalio also cited possible problems the u.s. congress will have with raising the debt ceiling later this year. gold changing hands at $1287 it's trading at a two month high the vix is at the forefront of investors minds this week given the escalating tensi

tomorrow janet yellen and mario draghi >> joining us from london is peter spiegel.ood morning to you. thanks for joining us. i suppose we already heard from mario draghi this week what did we learn from that? what can we expect from his keynote tomorrow >> he kept his powder dry thus far. what everyone is watching for is from both yellen and draghi is how will they deal with economic growth and unemployment going down to sort of pre-crisis loads, yet no inflation, no rising wages, no rise in prices, and a market and a corporate sector that has become used to free money how do they balance those two things as we saw when the ecb will their own version of jackson hole in portugal, every utterance that touched on tightening and a move away from qe, markets reacted badly to it. how do janet yellen and draghi communicate the unraveling of qe without spooking the markets also there's conflict within the boards of the fed and the ecb about what these economic numbers mean some have been focusing on the low employment and high growth areas, saying we need to tighten. you ha

co-founder evan spiegel and bob murphy announced they will not sell any of their 211 million shares eachhis year. that does leave 182 million shares held by other employees jpmorgan saying that should "help alleviate near-term concerns around the lockup." facebook and twitter both hit their bottoms the day after their lockup expirations back over to you >> that was julia boorstin reporting. >>> let's continue with our rise of the robots week where we're exploring how technological breakthroughs will shape our lives. now to quantum computing, which turbo charges computerers by allowing them to carry out several functions at once. the tech can be applied to many different industries possibilities are just beginning to be understood joining us to explain this is peter smith from the university of southampton what is quantum competing all about. tell us in lehmaylayman's terms >> so it's not just zeros and ones, it's a zero and a one at the same time. so a quantum computer can do a calculation, but all the possible calculations at the same time. so it's massively more powerful. >> how will t

jack door see runs twitter, evan spiegel runs snap.hey're not either willing to give up control, at least not now -- >> can't the shareholders sue the founder, like uber, call it a day? >> founder friendly. >> i think, look, founder friendly has good and bad. look at google and facebook, they're examples in favor of founder run companies. at the same time, founders knew when to step off in the case of facebook -- >> there were people whispering in his ear about that. i don't think he woke up one morning that way >> you then take the advice. you take the advice, work off that we're not seeing that as much in the case of uber, absolutely not the case i think twitter and snap, still up in the air. >> should they have gone public? >> snap was losing money, went public while losing money. there's argument to be made they went public too early. i think it's more that they have to sort of press the narrative that young people love the service, they're getting older every day, more valuable every day. >> we have to go what did you make for din

bottom for snap >> a lot of these guys are also under water so i discount that a little bit and evan spiegelf the year. >> and bobby murphy. >> but what you have to focus on is the fact that user growth is actually okay. 100% of the problems are self-inflicted the users are there they're not monetizing by definition that's where the disconnect was. you think the consistent criticism that they are product guys and not ad guys is fair >> they're focused on the mission statement and i think a lot of the cases here can be extended over to twitter as well because they have strengths and they're not focussing on those strengths. they're trying to be everything to everyone so the mission statements are aligned with capitalizing about what they have in front of him. >> what facebook is doing right is having a good ad strategy but it's just having the largest social network and able to copy features it looks elsewhere. look at the reports this weekend about how whatever the name of that data company that it bought, it uses that installation on people's phones to track their usage of apps like snapcha

evan spiegel, $750 million. scot-free, 750 million cash. he ended up with dual class structure. maria: a good point. investors asked that question, no voting control whatsoever and ask if you want to be in that company. dagen: before the shares went -- >> acres made money, getting hosed and should have listened to everybody. >> even though issuance is up year over year, and they held back the first quarter. 40% of ipos underwater with the average gain 11%. and the evaluations are pie in the sky, it is not 62. >> where do we stand? maria: tell us what you really think. >> those preteens and teenagers don't bring you the dollar. maria: don't be such a stranger, good to see you, rich peterson, isn't ba new tune to tell you about for amazon, plans to take on ticketmaster coming back. the movie annabel creation creeps into theaters, how the scary movie will perform at the box office going into your weekend straight ahead. re value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at wheyou wantven trade wisomto protect it.e,e.

. >> so evan spiegel is actually going back and forth with his mentor insane should i take this offer, 10 billion come and go public or not. a lot of interworking with venture capital. >> you pay these guys come encouraging them to go find the next entertainment company to hack into. >> backers said they made 12 to 15 billion big coin a year. >> i can still drop it. no insurance that you pay them to release information. that is the issue. a lot of companies don't pay. i doubt the validity of 12 to 15 million because i just doubt they are getting paid. sandra: tracee carrasco coming thank you for bringing this story to us. after u.s. intelligence detected the hermit kingdom loaded anti-ship cruise missiles onto a patrol boat. how president trump's administration is cracking down next. tesla feels up on debt. elon musk new expansion plan to raise $1.5 billion in additional capital straight ahead. ♪ what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on th