we will see facebook, we will see zinga this is a test for facebook to see how they will do. 250 millionvenue last year, 150 million in the first quarter. i am linked in, i do not want to use it until i lose my job but until then i will probably be in linked in. >> tell us about the cars, people selling cars are winners. >> exactly, used cars are winners, new car prices are losers. >> let us hold off as long as we can to sell the car. >> you probably saw it in the crotch. if >> is not the prettiest thing but it still gets me up and down. >> you do not hear about the fancy car thing. >> with that said, i it was worried about money, i went 18 years without a car payment now 11 years without a car payment. right now was the best time to purchase a new car because everyone else is holding on. there is very low inventory out there and the demand is high. asked >> there is a rumor of the day. >> apple, for their retail stores turn tin years old this week. scott johnson was a founder of the retail store. the rumor is they will start to take payments through the iphone. the itunes credit card th

but even before that, zinga plans to launch a new game. some suggest that it could be -- the biggest launch to date. our scott budman will have more on that a little later today. >>> today is a lot like a monday after a long holiday weekend. so we wanted to give you a hug. and this may be the ultimate kitten hug. take this. take a look at this. so far, 15 million people have already watched it on youtube and it is worth it. watch as the mama stretches out and then pulls her kitten in even closer. if that doesn't make you feel warm and fuzzy. i don't know what will. >> that's sweet, precious. >> love it. love it. >> i'm ready to give you a hug. >> oh. thank you. >> i can stand up and be just as tall as i am on the share this morning. >> thank you. >>> we are going to have an update on that developing news we are following out of rodeo this morning. deputies investigating the area's first homicide of the year. >> reporter: i'm bob redell in hayward where police are probing the mysterious disappearance of a young nursing student. we will have

if you're talking about a company like zinga, which is also valued now in the upwards of $5 billion range, then if they had an i.p.o. in the next year or two could very well be in that category where they would be owing more than $750,000 and, therefore, they would be taking advantage of the exclusion. but i think that's why we said it was a very efficiently design policy. it is focused on very few number of companies who have a very, very big tax differential between san francisco and nearby locations. it is not trying to -- this particular legislation is not trying to reduce the tax payment of every company that goes public. particularly as it's been amended. >> in terms of the benefit, there have been a number of companies that were based in san francisco, publicly traded technology company that's have left. that does happen. we found 43 of them and in almost every case they left within a few years of their i.p.o. we don't know how many left because of the payroll tax and it certainly is there is true that those who left didn't necessarily owe more than those that stayed. i was looking

. >>> there is word tonight san francisco based zinga a social gaming company is about to launch an initial public offering. all things digital zynga claims to have 260 million players each month. it's titles include farmville and cityville. it's last evaluation was more than $10 billion. >>> new information about a professor from cal state east bay who's arrested in nigeria. we learned that he was released from prison today. the professor had returned to his native country to run for government. >> reporter: ugbah had gone on leave in december to campaign in his homeland for the governmentship. his wife savina says she and her family are worried because the arrest comes after a string of attacks. >> there are all kinds of things over there. being on a hit list, his campaign, his running mate being attacked, maimed. >> reporter: his wife says he filed a fraud campaign. on may 13, ugbah's convoy was attacked, his childhood friend was left dead. >> in essence, that's what the guy did, take the bullets for him. >> reporter: the professor felt passionate about going back to nigeria. >> that is

. >>> there is word tonight san francisco based zinga a social gaming company is about to launch an initial public offering. all things digital zynga claims to have 260 million players each month. it's titles include farmville and cityville. it's last evaluation was more than $10 billion. >>> new information about a professor from cal state east bay who's arrested in nigeria. we learned that he was released from prison today. the professor had returned to his native country to run for government. >> reporter: ugbah had gone on leave in december to campaign in his homeland for the governmentship. his wife savina says she and her family are worried because the arrest comes after a string of attacks. >> there are all kinds of things over there. being on a hit list, his campaign, his running mate being attacked, maimed. >> reporter: his wife says he filed a fraud campaign. on may 13, ugbah's convoy was attacked, his childhood friend was left dead. >> in essence, that's what the guy did, take the bullets for him. >> reporter: the professor felt passionate about going back to nigeria. >> that is

linked in has gone public, the spotlight shining even brighter on other companies like facebook and zinga and at this point we have a fairly good idea how good they'll do. reporting live, scott budman, nbc bay area news. >> okay, thank you, scott. >>> new tonight at 6:00, a judge is lifting restrictions on one of the bay area men accused of police corruption. norman welsh asked the court to leave the county for specialized medical treatment on his foot. that request was granted by the judge today. also the judge pushed back the plea date for the police officer on administrative leave after charges he stole cash, drugs and guns during police seizures. lombardi will have to wait another month to enter his plea. his attorney says the wait is especially hard because prosecutors aren't revealing what evidence they have against him, and now even the feds are involved. >> this is very difficult for a career law enforcement guy to be on the other side and have all sorts of allegations out there, many of which are false, and not have some of the discovery to be able to kind of sift through and see

we've talked a lot about how silicon valley companies like zinga are hiring like crazy. >> what's goingn in the world of work. >> reporter: for the rest of the country there's odesk. haven't heard of them? well, thousands of companies have. along with more than a million job seekers. parked in silicon valley, odesk matches companies with workers so they can work online anywhere. >> so what we're seeing is massive growth in online work. year on year up 100%. >> reporter: online work means you can be anywhere there's a computer with office, office with bouncy ball, or coffee shop. >> because of the internet you and i can now work together remotely more successfully. better communication, better collaboration, fatter pipes, higher bandwidth, et cetera. >> reporter: with thousands of jobs to be filled, a company like odesk is helping to put people back to work while helping companies save money, letting them eventually hire even more workers. is this the start of a new hiring boom? >> i believe that the answer is yes. but i feel like we're not even at the knee of the curve. it's still early

the legislation is designed to convince companies like zinga and yelp to stay in the city and not relocateunder the current rules, if the companies go public, taxes on stock options would be huge. but last night the board of supervisors vetted 7-3 in -- voted 7-3 in giving tech startups, a tax exclusion if they go public. a final vote is set for next week. >>> city leaders worry about how facebook could affect traffic. they plan to take over the sun microsystems campus, which is west of the dumbarton bridge. but the paper says they want too put in more employees than is allowed. in exchange, facebook would provide shuttles to workers which would make limited trips during peak hours. >>> andle federal government is suing one the -- and the federal government is suing one of the best-known chains for coffee. they say starbucks fired a former worker because she's a dwarf. she was fired because starbucks says that could be dangerous for customers and other workers and fired her. starbucks is not commenting on the lawsuit. >>> residents are bracing -- in louisiana are bracing for floods heading