i am quite negative on weibo going forward. >> tell us how twitter and weibo are different.s 140 chinese characters. what are you can do things with video. >> there are many ways financially they are different, too. weibo and twitter have the vast majority of users on mobile. twitter is doing a much better job of monetizing users with more revenue coming from mobile than desktop. weibo is still very desktop-centric. twitter's revenue is almost double and they have almost twice as many users. weibo is not as big of a threat, now that we have seen the numbers from the filing, to twitter as some might have expected. >> twitter is of course blocked in china. weibo, give us an idea of the competitive landscape within china and outside of china. >> within china, one of the interesting things is twitter, literally the day after it was blocked in china, weibo released and was accessible to all chinese users. 2, 3 years ago, everybody was talking about weibo that was the hot company like twitter, but in the last six months it has declined. over the summer, the chinese government went

when you look at weibo, it seems that the opportunities for weibo are endless.hey still don't make a profit. talk to me about the business model. what could they become? there is no facebook, there is no rival ike there are here for social media. essentially, weibo is similar to twitter. it is sometimes thought of as the twitter of the east. a micro bubbling -- microblogging platform. money outg a little of games which are very popular in china. its primary business model is advertising. that has really been their focus. that the understand is way they use it is very different. i would post something but i wouldn't go inside a changing room, try on a top and tweet it to my friends to see whether it suits me. i understand the chinese consumer uses it a lot more in terms of interacting. out asertainly started more a kind of discussion platform. >> like whatsapp almost. >> kind of, but more like twitter. they have had issues with censorship and i think that has stymied their user growth. user growth has really slowed right now. that is probably the main concern. th

weibo is not really outside of china.ve not really translated their interface into english or any other language. it is a pure china play. i don't think he will be competitive against twitter anytime soon. we chat on the other hand has done in english and the entire world. i was in south africa giving a speech and everybody in south africa was using we chat. >> we will be watching. we are waiting for weibo to price at any moment. shaun, thank you very much. we will be right back with more "bloomberg west" right after this break. you can watch a streaming on your tablet, phone, bloomberg.com, and on apple tv and amazon fire tv. ♪ >> welcome back to "bloomberg west." i'm emily chang. york autow to the new show, where carmakers from around the world are gathering to show off their latest designs. matt miller sat down with bob carter, toyota's head of operations. he talked about the new and improved toyota camry just unveiled today. was introducedry three years ago and we completely redesigned it. we started in the core of th

but what exactly does weibo do? we look at the potential risks and rewards of investing in weibo. >> pop quiz? what is microblog in chinese? weibo, it allows users to chat, upload pictures and use video. it has 445 active users as of march, 77% access weibo using their smartphones. they make most of their money through advertising, their annual sales nearly tripled last year but the company still lost money. and weibo cautioned that user growth is slowing. >> we slowed down last year but as we begin to focus our purpose, the effort, actually we see tremendous coming back into the gross rate. >> the timing of weibo's ipo is also questionable as the market has recently cooled on social media stocks. experts say that is why bankers were cautious and priced them conservatively. >> this is one of the most under-priced ipo's we've seen in years. >> as more users in china access the internet over their smartphone, weibo will be key to success as a public company. experts say if weibo can attract more users outside of china

the answer, weibo.cebook, weibo allows users to communicate with one another, upload pictures and videos, and share with friends. a huge user base, roughly 144 million monthly active users as of march, and 70% of its users access weibo using their smartphone and just like other social media firms, weibo makes most of its money through advertising. but the timing of wee about's ipo could be a factor as the market has cooled on social media stocks. the global social media etf down 14% this year. >> and as we wait for wee aboib open, we talked to the chairman. >> so we did see some slowing down in terms of growth rate last year, for example, but as we begin to refocus our purpose, our effort, on the user growth, actually we see tremendous coming back in terms of the growth rate. i mean if you look at a number, i pemean in the first quarter, was a big jump. we see the momentum going as long as we can execute our strategy right. >> lot of controversy over the growth there. they're claiming 144 million users.

shares of way ball -- weibo, i spoke with the chairman of weibo in the chairman and ceo about going public during such a volatile stock market. >> i think it has the intense market aspect for the entire u.s. market. we are lucky that we can price today and have very good trading results and am very happy about that. >> you mentioned the selloff, why go public now? why not wait a little while? >> when we started the process, it was back in december. at that time, the market was great. we did have some rough times in the last couple of week, but i think the timing is important. i think we are really here for the long term and we are very confident we can do well and increase shareholder value over the longer term. it really doesn't matter when we are getting here. >> you did price at the low end of the range. you opened lower than that price at $16.27 a share. why do you think that is, and why do you think you had difficulty selling as many shares as you wanted to? >> i think it is a bull market. if you think about it, there are a lot of ipos this week and last week. most are actually priced

i think the way you play weibo is cena.you look at the guy owning 54% of the company and weibo is now at 4.1 after today. that's where the value trade is. alibaba, i agree, i almost feel like they greased the rails to make sure the alibaba deal is a smart thing to do. >> i think there's a risk long term and excitement about some of these chinese stocks going public here. i think once the excitement is gone, i think they're going to sell out. one name, some of these guys may think this is pikey. >> pikey. >> pikey. it is called renren. stock is down from 14 in 2011 to 333 where i bought it yesterday. maybe all this stuff starts to rally a bit. i'm going to keep a very short leash on this one. >>> after the break, whip out your tub of popcorn. grab your spot on the sofa. tim and dan will battle it out over the fundamentals of netflix. ahead of the earnings report, right after the holiday weekend. who will come out on top? a street fight made for the set-top box. >>> plus, the entire "fast money" gang is known as some quirky s

has weibo missed its moment? >>> hello. it is midday here in london. 1:00 in geneva, 3:00 in moscow where president putin admitted the first time russian forces were on the ground in crimea before and during the referendum. he denied soldiers are engaged at that time moment in eastern ukraine. hours after three protestors were killed trying to take over a base there, mr. putin in his annual phone in says he hoped he wouldn't have to use what he hoped was his right in russian troops. four party talks are held in geneva to discuss the crisis. >> the bombs fly at the guard base in the area under attack during the night from pro russian militants. the attack failed and according to ukrainian authorities left three pro russians dead and more than a dozen injured. looks like more evidence of kiev struggled to reach control in the east of the country. it's an unhappy backdrop to the latest diplomatic push in geneva to diffuse the crisis. >> they're sitting down around at least the same table. hopes aren't high here. previous diplo

first, the ipo is off to a fairly strong start for weibo. are at the low end of the range, $285 million. they are controlled by a chinese online compnaany. joining me, their chairman and ceo. how are you feeling? >> great. it has been a tough market. nasdaq and the entire u.s. market -- we can pricehat today and have good trading results. i am very happy. >> you mentioned nasdaq. why go public now? >> whenever time to the market -- we never timed the market. when we started, it was back in december. at that time, the market was great. we had some rough times in the last couple of weeks. is notming -- timing important. you have a private company and we are here for the long term. we're very confident that we can do well. shareholder value over the long term -- it does not matter when we get in here. >> you tried to price at the low end of the range. share.ned at $16.27 per why do you think you had difficulty selling as many shares as you wanted? >> the problem is the market. this week and part of next week. a lot are priced below the range. o

the answer, weibo.r and facebook, weibo allows users to communicate with one another, upload pictures and videos and share with friends. a huge user base, roughly 144 million monthly active users as of march, and 70% of its users access weibo using its smartphone and just like other media firms weibo makes most of its money through advertising. recently reported weibo is profitable raking in 3 million in operating profit in the last quarter of 2013 thanks to a 163% jump in ad revenue, but the timing of weibo's ipo could be a factor as a market has recently cooled on social media stocks. the global x social media stock down 14% this year, while one firm, ipo boutique voiced concerns about its quality. >> one of the most underpriced ipos in years, social mobile china all in once. >> weibo is expected to trade on the nasdaq under the ticker symbol wb. >> as not, they will be coming to market during a time when social media stocks aren't loved by wall street. twitter down 23% and during that same period fac

that is going to be a big challenge for weibo. you get all these chinese consumers transferring to pcs, to tablets, to mobile. twitter was a mobile first device. it was a nap made for mobile. weibo is very different in that sense. they are behind we chat on the mobile. that is a competitor. it is going to be difficult to generate ad revenue in china. it comparable to twitter? >> in that sense it is. where twitter has the edge on them, yes twitter and facebook are not in china, but because they are in china, the likes of weibo, they have to adhere to the censorship rules. what are you going to do if you want to expand outside of china? if you have a decision as a consumer to make, are you going to go on weibo are twitter? as an outsider, you are much more likely to sign up with twitter. >> it is fascinating, these trends. it is when they are not getting ahead of the curve quickly enough. ibm selling off in after-hours trading. they are not getting on the cloud quickly enough. same as smp today. kidswe have got these new on the bloc

what do you think of this trade in weibo today? >> i think reduction in shares from the pipe ipo speaks to the fact that investors don't have so much tolerance for companies that don't yet have a profit. they want to see the proof in the pudding before they actually invest in the ipo. in terms of the share price could be your average investor. melissa: last word to charlie. >> i think mr. draper's wrong. look, people paid their taxes already. that's what happened here. thanks for have wisdom, mr. draper. melissa: you will love this next one. that is pretty hypocriiical department. new york city pay "new york times" paul krugman a pretty generous amount to work on inequality initiative. let that sink in and think about that. krugman is receiving $225,000 for two semesters. he doesn't even have to teach. more than four times the median household income in new york city. just let me pile on a little more. the adjunct professors get approximately $3,000. he is getting a quarter of a million. other professors, top out at 116,000. taxpay

weibo will be going public. >>> tim seymour, would you buy weibo? >> i think i would. parent company sina, that's been a blood bath, the chinese internet space has been hammered. a ton of deals coming after this. you have to be careful. i'm talking with guys getting involved in selling alibaba. the valuation is actually holding up. sina -- weibo has a lot of competition in its place. >> all right, facebook secrets, the stock getting hammered today, new report that ceo mark zucker bugg is looking to get into anonymous activity. >>> and some of the most innovative products out there. will potential translate into profits? we'll debate that next on ""fast money." i dunno, i just ah woke up today and i said i need something sportier. annnd done. ok maxwell, just need to ah contact your insurance company with the vin number. oh, i just did it. with my geico app. vin # is up to the loaded. ok well then jerry here will take you through all of the features then. why don't weeeeeeeeeeee go out to the car. ok, i'll just be outside... ok, yeah. his dad is my boss. yeah. vin scann

. >> coming up next from alibaba to weibo. what might be the next chinese internet ipo slated to rock u.s. markets? and could next week's key earnings report finally be the time when a tech tighten looks to break out next. [ hypnotist ] you are feeling satisfied without standard leather. you are feeling exhilarated with front-wheel drive. you are feeling powerful with a 4-cylinder engine. [ male announcer ] open your eyes... to the 6-cylinder, 8-speed lexus gs. with more standard horsepower than any of its german competitors. this is a wake-up call. ♪ this is a wake-up call. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. p

weibo sets its sites on the nasdaq in new york. >> hello again. i'm martine dennis in doha. these are the top stories. leader from the u.s., e.u., russia and ukraine are meeting to try to solve the crisis in eastern ukraine. >> ukrainian troops failed to oust pro-russian groups from buildings in the east. vladimir putin says the deployments are another serious crime by the ukrainian government. >> strong currents and bad visibility are hampering rescue efforts in south korea, after a ferry sank off the southern coast. 300 are missing. nine are so far confirmed dead. >> let's go back to one of our main stories today, that of the situation in ukraine, and there's a new u.n. report out. ethnic russians in ukraine falsely claim to be under attack to justify russia's intervention. it highlights human rights violations leading up to crimea joining russia. >> among the key findings, the vote in crimea was carried out in an atmosphere of intimidation. there was torture, harassment and arrests of journalists and activists opposed to the remembered ums. reports looked into allegations

weibo doesn't want to suffer.hey released results yesterday, not really great results. i think that's another reason just -- >> is there concerns about the viability of usage and revenue? >> the concern is about growth slowing. that's a problem. are you going to still attract more and more users? there's concern about mobile usage versus desktop usage. it's also about competitors that they have even in their local markets such as 10 cents chat. >> where would you place weibo compared to those two? >> weibo is much smaller than both. >> if it's slowing, that's a bit of a problem, right? >> have we come to the end of this mini boom for social media? >> i don't think so. i don't think so. >> in terms the price that we've put on the businesses? >> right, right. i think p/e ratios can't be sustainable at 100 times or where weibo, they haven't made profits. you're not going to have optimism about companies that have failed to make a profit or companies being priced at 100 times earnings. i don't think that sort of gener

ipo this morning, weibo is called the chinese would.o writes extensively about china, gordon chang. the price is 79 day. gordon, you are not a big fan of weibo. >> certainly not. this is supposed to be an ecommerce play because ali baba has bought into it. it is illegal to own a part of weibo. if the chinese supreme court, declared illegal. and take away everybody's shares. it is involved in public discussions. there's nothing good about this company. stuart: technically according to chinese law at the moment i as a foreigner should not be able to buy stock in a communications company like weibo but i could have just bought stock in it so the danger you think is the chinese government will come along and take away my stock. that is a remote possibility. >> we had a similar situation in the 1990s where they point to a chinese telecom co. and for instructor, which is probably illegal when it was put together and the chinese government said it was. and area foreigners invest, they have a variable interest entity structure which is also a d

we want to revisit the first weibo trade.he stock did open below the price that it was priced at, but it's up now by about 2%, and that trade is starting to ramp up. you can see the volume there. we'll watch that throughout the program and give you the traders' perspective, as well, on this latest ipo in what has been a flurry of new offerings. today's playbook, though. the stocks s -- traders debae stocks you should buy and sell. netflix has a new buy rating. you'll hear from him live. burrito brawl, as chipotle reports a tasty stock for your portfolio, or sure to cause indegegs? the stocks are on track for the best week in two months. makes you wonder whether the correction has largely run its course. steve weiss, what do you think? >> what correction? the averages are off a few percent. a major correction in mo-mo names, that's always the case. there wasn't a correction. there's a minor sell-off. i think -- >> the nasdaq got down nearly 10%. >> that's the nasdaq, right. if you look at the components, what you had, you had

people from outside are going to use weibo if they are launching it publicly. they'll try to educate. >> finding who uses it is a difficult staff. billions of zombie accounts are generated. of more that 500 million users, 10 million generate messages. >> it's a platform for people to express themselves. >> i use it to keep up to date with news in china. >> weibo is launching in the united states, because under chinese rules a company cannot float if it hasn't turned a profit. >> weibo shares are to trade on the exchange on thursday. we'll keep an eye on it in the coming hours on al jazeera. coming up next - no friends, no family and little money. we report from mexico where people are struggling to start over after being deported from the u.s. also ahead. on the trail of tribecka. how a dose of movie magic gives new life to a neighbourhood. >> n.b.a. wraps up, the reaction later in sport. and a look ahead to the play offs. stay with us. >> welcome back. you are watching the newshour, our top stories. 287 people are missing after a ferry sank off the coast of so

weibo will trade on the nasdaq under the ticker symbol wb.expected to draw strong interest given the social network's large user base. a recent regulatory filing shows the company has roughly 149 million monthly active users as of march. the ipo has been met with some issues earlier this week. the book is made up of largely fast money and actual demand may be skewed on the high side. weibo is going public at a time when investors are growing more cautious about tech and social media stocks. the global social media socl is down 15% this year. twitter is one of the worst performing stocks in that index, down 25%. chinese internet stocks have underperformed by a warn of weibo and yoku is down as well. >>> chinese companies that have gone publicly are trading below their ipo price. it could be a test case. alibaba could file for its long-awaited listing as soon as next week. the company which powers about 80% of all chinese online shopping posted a 66% jump in fourth quarter revenues. those numbers were included in yahoo!'s latest earning report.

although about 5% of weibo users generate original content.tting pressure is the company's latest financial results. it lost $48 million in the first quarter of this year, doubling the losses from the same period last year. investors will look for hints on how other chinese companies may fair. the chinese e commerce chinese market produces more than ebay and other companies combined. two other chinese companies have become public trading companies this year. neither have had stellar starts which means many investors will look closely at how weibo does. bbc news, new york. >> now a reminder of our story this hour. rescuers in south korea will continue searching for survivors from the ferry that capsized more than 24 hours ago even if only 1% of those missing are still alive. nearly 500 were on board when the ship went down. 287 are unaccounted for. most were students on a high school trip. the captain was one of the first to leave the ship. >>> in other stories, vladimir putin has denied russian forces are operating in ukraine. there have besev

what is not attractive about weibo? facing a lot of competition in china for social media, unlike twitter who went public hereto wild first-day pops and lots of what many people would consider success. weibo faces a lot of competition. not profitable on an annual basis. it is a tough story to sell in an environment where there is not much momentum surrounding these tech stocks and not much growth are on these tech stocks here in the u.s. in this current market environment. >> and four sabr? parent company of travelocity, but travelocity has not been great for this company. they have been making losses, so they realize this and they are weeding down there travelocity opponent. this is decades old, and it has a lot of debt. and it is not profitable. it has not been profitable for the past five years, yet it is a mature tech company by many standards. it is not a highflying growth company, so that is a difficult sell for investors in this market. >> what will happen to the pipeline? will we see a slowdown? >> in the short

we'll be hearing from weibo's chairman saying the ipo listing was price today low. stay tuned to find out more about weibo and the market. you're watching wch. on cnbc. good morning, everyone. >>> hi, everybody, welcome back. you're watching "worldwide exchange." i'm louisa bojesen. netflix first quarter profit rose beating forecasts while revenue was roughly in estimates. the streaming video company added 4 million new subscribers worldwide, more than expected, thanks in part to the launch of season two of the original show "house of cards." netflix plans to raise prices for new customers by $1 to $2 per month this quarter. the company is also making public its opposition to the proposed comcast/time warner cable merger saying it would give comcast, the parent of cnbc, leverage to charge higher fees on content companies that rely on its high-speed broadband network. >> brian roberts is incredibly thoughtful. if there's anyone you wanted to trust with controlling half of the u.s. internet, you might pick brian roberts. he's thoughtful, long-term about it. reasonable

now ahead of its listing weibo updated it's pro spec does.illion it earned during the same quarter last year but lower on a sequential basis. in q1 it reported $4.8 million citing seasonal trends. >> thanks for that. in terms of the rev view, the decline was 5%. they're saying because it's chinese new year. buy that? >> these guys have huge competitive landscape. it's the classic case, have they converted. the things that give me confidence about this stock is who are their main parents. >> two biggest companies. >> it's alibaba and alibaba is 26% of their revenue. and these are guys that will support this company. i will be buying sina. not terribly interesting on the current numbers. i think the headline risk on competition, way overstated. now mid 50s, low 50s. interesting place. >> google conference call wrapping up. shares starting to come back slightly. we have got the headlines next. later, the dirty side of bitcoin. >> oh. >> i said dirty, not naughty. we have got the details straight ahead. i've always kept my eye on her... but with

. >> we want t bring you some .breaking news on weibo shares are about eight percent higher. it opened lower than shares had priced at. pricing at the lower end of the range. $17-$19 open. , up aboutrading 18.28 6%. the first investment bank to go public since the crisis -- they raised $300 million in its ipo. the seventh chinese internet to go public and seek capital in the u.s. the most since the fourth quarter of 2007. baba. is owned by ali it looks like shares are trading a bit higher, only about six percent right now. pricing at the low end of this range. trading right now at $18. we just saw president obama on cbs last night. he does not want mr. boudin to forget about the sanctions. >> what i have said consistently is that, each time russia takes these steps that are designed to destabilize ukraine and violate their sovereignty, there will be consequences. what you have already seen is the russian economy weaker, capital fleeing out of russia -- his decisions are not just bad for ukraine. they will be bad for russia over the long-term. >> the sanctions that russian .ea

there was what seemed to be a delay in the listing of weibo. sources of mine saying that's due to the underwriters taking their time. nasdaq on record said there were no issues on their end. so weibo, the twitter of china, joining the rank of others. now we'll have to wait for alibaba. melissa and brian? >> thank you very much, seema. >>> so what is really going on with this market, right? we had a pretty spectacular january. we had a pretty lousy february. let's bring in contributor herb greenberg. art, you've been around the cnbc family for a long time as well. and lynisten, you can comment whether or not it's true or not, this market seems difficult, at least from my perspective, doing this a long time, to understand because there's so many ex-term factors out there right now. or is maybe that just recency bias and things have always been this complicated? >> well, sully, that's a great question. if you look at what we're going through right now, it is a major shift from a focus on fund mentals, a focus on earnings, on monetary policy to jum

weibo not the only ipo here at the nasdaq, tyler. sabre, i atravel technology provider, also trading higher than its offer price in today's trade. it did cut its size of the ipo deal, selling 39.2 million shares for $16 apiece. this ipo, by the way, being backed by private equity firms tpg and silver lake partners. other big movers here at the nasdaq are primarily in the semiconductor space. sandisk, the best performing stock on the nasdaq 100 after it beat expectations. investors many times watch for earnings from these chip players to get a better understanding of demand from clients in the smartphone and tablet space. you can see sandisk earnings providing a nice lift to some of its peers in the semiconductor space. lastly, biotech as an index is now down about 19% since early march. but today large cap biotech outperforming. analysts saying if you're going to try to get back into biotech, look for the large caps. tyler and sarah, back to you. >> all right, seema, i'll pick it up. thank you very much. >>> bertha coombs now with a

. >> it was just last week when china's equivalent to twitter weibo made the debut in new york.first day of trading, stock shot up 20%. the success of weibo has investors more excited about alibab, chinese e commerce giant that has more sales and net income of amazon and ebay combined. it's china's largest internet company and operates in the world's largest internet market. alibaba accounts for 80% of all chinese online shopping. why are chinese companies listing in new york instead of hong kong? most has to do with ownership structure. american rules allow executives to obtain more control of their company. alibaba successes have lifted some u.s. companies. yahoo benefitted from a 24% stake in alibaba. it's been boosting yahoo shares which have gone up more than 40% this year. it's all the more reason why in investors will be watching how alibaba does in coming months. bbc news new york. >> we'll keep that anticipated alibaba apo. >>> netflix now accounts for more than half of all video streamed over the internet. it has 44 million customers around the world. they've signed up

real quick, weibo did pretty well. they priced low but closed 19% higher than the market. >> that really has been the exception. both charlie and jonas hit the nail on the head here in this case. when a particular sector does well that bring as lot more speculators, maybe perhaps some suspect companies get funded. that is good for everyone. allows innovation to move forward. to charlie's point what sun fortunate. this is not question of overheated part of the market. this is government force. this is government regulation. coming down on what are terrific companies. adam you alluded to the fact that high frequency companies are seeing their margins shrinking. it is very competitive business. >> jonathan what is real -- jonathan what is really scary about this we had issues involving high frequency trading, even worse fragmentation of markets where there is 40 markets around the world, we had issues involving that for many years. what caused regulators to do something about it right now? a book. adam: all "flash boys."

outside are going to try to educate people inside of china. >> finding how many people actually use weibo is difficult, because marketing companies generate millions of zombie accounts. only 10 million users generate 90% of messages. >> it's a platform for people to express themselves. >> yeah, easy to keep up today with news in china. it's good wood, useful. >> ironically, it is launching in the united states because under chinese rules, the company cannot float if it hasn't turned a profit. >> people who for the internet retail company amazon in germany who work for the company amazon having on strike in germany, got second strike by staff this year who want higher wages in line with the mail order sector. amazon considers its warehouse staff as logistics workers and says their pay is above average. the workers union warned of more strikes if no response to demands. >> at least two afghan interpreters working for nato forces have been murdered by the taliban. several thousand interpreters who worry they will face the same fate are trying to claim asylum in the britain or u.s. but not be

weibo, known as the twitter of china, soared 19 percent in its debut friday. saber- the travel tech company owbed by travelocity-- was given a 3% lift by investors in its first trading day. the frigid winter turned up the heat on trading at morgan stanely.. and possibly goldman sachs as well. both firms pointed to commodities trading as a strong spot for first quarter earnings. goldman had no comment but-- morgan's cfo tells reuters-- we had real strength in commodities, given volatility in the market driven by weather and robust client activity. the deep freeze set off a winter of volatilte, rising prices in natural gas. generating a big money win for firms on the right side of the trade. post is adding to its breakfast menu with the purchase of michael foods. the nearly two- and-a-half billion dollar deal is the biggest buy for post and doubles the company's size. post is best known for cereal, but will now diversify with michael foods' simply potatoes, crystal farms cheese and prepared egg products. price hikes are becoming the norm in the food industry..ch

>> jeremy is the director of a research firm tracking chinese media, and says it's an odd time for weibo to be going public. >> in 2011 and 2012 it was the hottest thing on the internet that everyone was talking about in china, with an engaged and massive user base. in the last year user activity declined. they have gone ipo at a time when their user base is on the decline, and this is why the pricing is lower than had originally been expected. there are three factors that i would attribute the decline. one is a campaign of government censorship intended to silence the controversial voices which got going in august in earnest. the other is the massive increase in chinese use of $0.10. which is a different type of social media, using a lot of people's time. the third factor is seeing they put so much advertising on the interface that it was a lot off putting. as a company, though it carved out as an independent unit, they have a long history of survival, one of the first of the big chinese internet companies, surviving the first crash offer the first internet boom. >> america's favourite

weibo is expected to price its ipo on thursday looking to raise about $380 million.e the company at $1.6 billion. weibo which reported revenues tripling last year would be the appetizer for a bigger chinese deal expected this summer, and that would be alibaba. ross? >> we'll see what happens. did you catch any of the golf, seema? >> i did. i caught some of the games over the weekend, but i have to say, new york had some of the best weather this weekend, so i spent more time outside than inside. >> i think you deserved it. it's been a hard winter. >> it has. >> so that's good to hear. talking about golf, thank you, se, ma. tiger and phil were not around for the weekend at augusta, but that didn't mean there was not excitement for the masters. bubba watson and 20-year-old jordan speif in the pairing. he was up by two shots and then bogeyed 8 and 9. tapping in per par to finish at 8 under, three shots clear of speif, he won his second green jacket in the last three years. good for you. >>> it's also good to be king of the castle. average pay for the top ceos went to $12

it expects to price between $18 to $20 dollars, trading under symbol "s-a-b-r"social media platform weibo corp, planning to price between $17 and $19 dollars, trading under "w-b"and investment bank moelis & company, expecting to come in at $26-29 dollars and trade under symbol "w-c". a warning is out about fees that could kill your 401k savings.a new study by the center for american progress finds.. the typical american stands to lose $70,000 after putting money into a 401k account over a 40 year career.it's because of high fees.fees are often hidden in complex fund statements.the group suggests workers hunt for low cost fee options that are .25% or less.. having met all 13 pre- conditions, ukraine has cleared the path for the first portion of financial aid from the international monetary fund. 7 billion dollars could be on the way to the unsettled eastern european nation by early may, with ukraine's finance minister stating it will be divided between the state budget and reserves of the national bank. this first installment represents only a fraction of a 14-to-18 billion dollar two- yea

also, weibo. the twitter of china will trade under wb. traders and investors are eager for the debut of blockbuster ipo alibaba.. chuck coppola steps in now with more on the ipo market monster. angie, it's being called "bigger than facebook". anticipation is huge as rumours swirl that chinese e-commerce site alibaba is prepping for an ipo in the u.s. the company has more sales than amazon and ebay combined, and has a $15 billion dollar valuation. that could rise to as much as 150 billion dollars after the ipo. analysts are speculating the stock will debut this summer. josef schuster of ipo-x- schuster expects it to debut-- this november. "it could be really exciting for the us capital markets to have a primary listing like alibaba which is really a key name in the e-commerce space " alibaba is not commenting on the buildup of rumours. yahoo holds a 24% stake in alibaba, and its stock is on the go. shares jumped 6% yesterday. the u.s. economy still needs little help from the fed. that's one of the points that came from federal reserve chai

between $17 the top end arrange a would've weibo at $380ue million. semantics will higher jpmorgan chase. activist shareholder, according to people familiar. it is a week after the security software fired the ceo, steve bennett. j. lo, jennifer lopez outbidding her former boyfriend, puff daddy, for fuse. buying it for 200 million dollars in cash and a 50% stake. torturely offered million dollars. it offers english television aimed at the spanish community. our lead story. a wave of technology ip oh -- ipo's. .rubhub and opower they started trade. the ceo of a grubhub joined market makers. >> the reason we did it was for exposure to communicate to the world it is a massive marketplace. is $70 billion in the u.s. alone and only 3% as place online. >> it is not just a consumer-based grubhub. opower, hasrise, filed to go public. ipo's ineing a ton of technology. >> now, it feels like a good time. investors are really friendly to technology ipo's. grubhub had a 40% pop today. , surprisingly this is the company that is profitable and they had sales of $137

a fraction of twitter as it looks to raise cash in the u.s., hoping to raise $300 million, weibo. twitter has a market value of $24 billion. it has more than 200 million users. >> let's get back to the markets now with zeb eckert. >> we are down from a two-month high and we snapped eight days of gains across the asia-pacific. performance. some southeast asian markets advancing. these are the key movers at this hour. in jakarta, cross industry groups. in australia, you are seeing some of the mining shares moving. has an upsideng again at 4%. about .4%g kong, lower the move for the hang seng index. focushares very much in today and the benchmark on the hang seng down for the second day. this is what we have in terms of the decliners. tensent is one of the biggest movers. new world development and galaxy entertainment among the casino shares and property developers that are seeing a bit of downside today. >> what about tech shares? on wall street friday, we saw tech stocks take a nosedive. how are asian tech companies faring today? >> let's take a look at some of those g tech movers

>> we have weibo on wednesday, we have sabre on wednesday, the company that owns travelocity.down this week. after this week, we have a clear schedule in terms of ipo path. clear up until the end of april. >> leslie picker, our bloomberg ipo reporter. thank you so much. coming up, $1.8 billion. that is how much priceline spent on online marketing last year, mostly going to google. how was priceline competing with google? the ceo next. ♪ >> you are watching "bloomberg west," where we focus on technology and the future of business. i am emily chang. just days ago, google license hotel booking software from room 77 to push their consumers on mobile. travelocity is scheduled to go public this week but it is priceline's revenue that makes it the largest travel agency in the world. darren huston is the ceo of priceline. thank you for joining us. when it comes to mobile, how you're dealing with the fact that some people are booking things via apps directly rather than going to google? >> we are investing very heavily in mobile. just to give you an example, our largest subsidiary, in

you're seeing weibo, and two ipos here, lombard medical, quotient, both trading lower on their debut.so much, seema mody at the nasdaq. >>> well, they're selling stocks, but they've been buying bonds. investors are looking for safety. that's where we find rick santelli. >> thank, sue. viewers and listeners, the analysts must be getting smart to be able to parse a couple basis points and say it's from the ukraine, or $10 in gold and say it's from the ukraine. margin call a. $30 range, yes, there's an influence. it's highly overstated. a two-day chart of ten, but we're only two basis points lower on the day. half a dozens basis points, and in the last two weeks, three sessions have closed lower than this. you open up the chart to february, it's a pattern well established. i think it's more interesting to look at the backyard. it's actually up a bit. dollars versus the yuan, yesterday it was 12, 12, 12, now the third week in -- and every day we come in, it seems to weakened. have a great weekend. >> you too, rickey. thank you very much. >>> we have a developing story on elon musk's space

weibo has come out with proposed details.to share 20 million shares with an initial pricing range an indication of $17 to $19 per share. anywhere from a capital raise of $340 million to $380 million for weibo. the twiter or facebook of china is now currently part of another bigger company called seena already publicly traded in the u.s. $17 to $19 per share for 20 million shares. back over to you. >> that would be a fascinating one to gauge. dom, thank you. >>> the nearly 200,000 added to payrolls last month, an encouraging development but my next guest says there's still a big problem in the labor market and it centers on getting the long-term unemployed back on the books. he's alan krueger. the interesting thing about today is there was actually some good signs for labor force participation. do you say don't buy it, don't believe it, it's not going to last? >> no, today was a solid report, and i think it's part of the picture of the labor market gradually healing, but we still have a severe problem of long-term unemployment

know everybody loves this particular metric, revenue per user. 76 cents for twitter and $1.46 for weibo. the company makes no money and has not been profitable for the last three years. got to say that the problem but there is a wasted opportunity. it's not abnormal for making no money but it's about growth and opportunity going forward. i've never heard of the singer in china. compare him to the likes of katie. , he has 72 million following him. katie. has 52 million on twitter. it's absolutely amazing and that's an opportunity right there. we don't know who that guy is here in europe, perhaps in u.s. and if you want to target this captive, unique audience in china, here is your opportunity. here's the problem. to operate in china and a way that twitter and facebook they have too not, comply with censorship rules giving them the opportunity to operate in china. this limits user base growth out of china. you have to say yes and that will limit them going forward. you.nathan ferro, thank we will bring you more on this ipo in an interview with charles don'tt 6:00 p.m. london, miss it. the

he closed about 3000 social media sites and shut down individual websites, the micro .logging site weiboto clean up what is out there on the internet. away "theow if taking cleaning house. so meth cooking is ok, but nerds are not. up,hey are just catching bringing online rules to the tv world. they bought the broadcast rights for the big bang theory but it may be a sanitized version. >> it will be interesting to see what they actually do with it, what actually comes up when they broadcast it. reason, a lot of down.have been they have all been affected by this. >> we do not have a lot of time and there is a george clooney story. grimm hasn michael been indicted on 20 charges looting wire fraud and obstruction. federal prosecutors say he paid workers at his manhattan restaurant off the books to skirt state and federal taxes and lied about it. congressman -- >> that is not about this topic. that was a different topic altogether. this is a guy that was in and bia agent and financial analyst. he was an undercover fbi agent in a boiler room. he knows a lot about hiding money. this is just real

. ♪ weibo president obama having debt press conference late yesterday, he touted 8 million obamacarethere and forcefully defend obamacare and suggested critics move on. rich edson still here in new york. usually in d.c. but with us a lot in new york. you love it here. >> family in the area, food much better. in new york. stuart: stepped back from that one. you are up your reporter. you don't offer opinion but today on "varney and company" you are going to give us -- >> we will see about that. stuart: i said a president got several things wrong yesterday. number one, he said, have i got it right? i don't have my notes here. let me remember what he said. he said the average american is not affected in an adverse way by obamacare. i save a man is flat-out wrong and you say? >> i don't like when people say the average american. who is the average american? when you look at who the suspect people have been expanded under medicaid, lost their insurance plans. this law reorganizes a sixth of the american economy so seems like a broad generalization. you can't make a case either way. stuart:

orwhen you look at weibo the chinese tech giants, they seem to be more reasonable, should that be theeseve increased our exposure for exactly that reason. chinese has -- china has the fastest-growing smartphone growth, 25% a year. the western world is relatively stagnant. more interestingly, we are missg an opportunity to of on traditional ways dealing with the market. in china we might move straight to online retail and miss out on bricks and mortar. the chinese market is very exciting. investmenttin, director at gam. >> virtual reality to the rescue. we go inside the tesco store of the future. wants tota von teese see you in her underwear. details later this hour. ♪ >> we know the world is watching and we know we will be judged by our actions. everybody is working 24/7 to make sure we are doing the right thing. >> that was gm's ceo mary barra speaking at the 2014 automotive forum in new york. cars, chrysler's merger set to close by the end of 2014. sergio marchionne's ambition is to build a global carmaker that is profitable. >> manus cranny talks about what is going to get him ther

. >> chinese micro blogging service weibo has gone public.ised 286 million dollars in this ipo and shares were priced at the low end of the range. they have not started trading and we will tell you when they do. disney has decided to raise its own minimum wage. the company has offered to give entry-level workers at disney world in florida a 25% raise spread over two years and will boost their pay to $10 per hour. i am glad to see this. hey americans money because they work hard and they deserve it and they will go out and spend it on -- and that is good for the economy. my ticketgoing to up for disney world, so be it. >> have you been there lately? >> it's awesome. >> gets expensive. >> yes but i prefer six flags magic mountain. >> new york is expanding its investigation into high-frequency trading. . hasyork attorney general sent subpoenas to six high-frequency terms -- firms. know about theto special arrangements at traders may have had with exchanges and dark rules. -- dark pools. >> now we need to take a turn overseas. secretary of state

. >> that's right, michelle, after a strong first day of trade, weibo continues to move higher.ap of, get this, $4.7 billion. so as we discuss chinese poips, this is one to keep in mind. michelle? >> yeah, absolutely. thank you so much, seema. >>> if you've been hit by sticker shock at the gas station lately, you are not alone. how come gasoline prices tend to shoot up like a rocket but take forever to fall back down to earth like a feather? we'll answer that question next. >>> and then, earth week at nbc universal. coming up, we'll look at whether green investing is a great way to generate green for your portfolio. back in a moment. ♪ [ male announcer ] when fixed income experts... ♪ ...work with equity experts... ♪ ...who work with regional experts... ♪ ...who work with portfolio management experts, that's when expertise happens. mfs. because there is no expertise without collaboration. today is monday today, we greet you. treat you. care for you. today, you can come to cleveland clinic for anything, everything or just to get that "thing" checked out. big, small, and yes, the