earlier this year, he published the book "zucked: waking up to the facebook catastrophe." roger mcnamee, welcome to democracy now! can you start off by explaining why you call facebook catastrophe? thank you very, much. it is such a privilege to be here on democracy now! with you today. facebook really simply began its life in a very innocent way, connecting friends to friends and allowing people to share what was going on in their lives. the challenge really developed when the company needed to make money, so it began creating a bubusiness model that was babasn effectively monopolizing attention. they sell advertising. they need people to watch the ads. and the way they did that was to use two things -- the techniques of slot machines and propaganda that prey on the weakest elements of human psychology, then they use smart phones, which basically were on peoples bodies 24 hours a day and created the ability to generate first habits and then later addiction. and facebook, along with google and other products like instagram and youtube, played this game incredibly effective

what is more interesting is we have not seen hits to the bottom line that zuck has alluded to.oociated with the spending secure the platform. there is all sorts of worried that the business itself of facebook would be encumbered by all the money they had to spend but that is not really materialized at the end of the day. the business is still on fire here. they are pushing as much on the bottom line as they ever have been. they did miss our are proven number -- our number. that is something we will watch out for. instagram is on fire here. at the end of the day, it would make a lot of sense for him to throw that by the wayside and move on. taylor: he is saying is our goal either side happy, i think we're doing a better job. isbad job because everyone angry with us. marginsa beat on the and the operating income and a beat on the bottom line. are they really doing enough to spend and cleanup that platform? shouldn't those margins come in >> on oneit lower? hand you could say facebook could never spend enough to clean up this platform. there is clearly a lot of cleanup to do. ther

say to your nato call the ex when you meet with them later this week and thus they haven't been done zuck. goes. to its own instrument and i will tell them that the situation in northern syria directly concerns the security interests of europe and the security interests of germany wouldn't the body and. the twist this is a situation where the fight against isis terrorism must be continued resolutely continued so that consequently we're currently experiencing a humanitarian disaster with hundreds of thousands of people fleeing injured or dead. or does. europe especially the europeans in nato are now being called upon to. pose how the situation in northern syria can be shaped and pacified in the long term in such a way that it suits the region but also that we need a good solution regarding our relationship with our nato partners turkey. not a partner to.

use social media to swing the vote in donald trump's favor and so distrust and prosy foreigner from zuck details the senate intelligence committee they report that the agents of the russian internet research agency or ira quote sought to influence the 2016 us presidential election by harming hillary clinton's chances of success supporting donald trump at the direction of the kremlin now the senate panel cited the quote close ties of the ira's director to russian president vladimir putin as quote evidence of. significant kremlin support authorization and direction of the ira's operations and goals now the senate intel committee writes that the dissent from ation put out on social media sites like facebook twitter instagram and you tube was part of a broader sophisticated and ongoing information warfare campaign designed to sow discord in american politics and society and this activity increased after election day back in 2016 the report found that dozen from asian put out by the ira targeted specifically african-americans more than any other age group or demographic to exploit some hot bu

from competitors from inside facebook as well 50 facebook employees recently wrote a letter to mark zuck a bug saying they objected to this policy this political pressure of course from the democrats particularly in the u.s. including elizabeth warren has of course one of the democratic presidential contenders she recently challenged facebook policy by running an ad falsely claiming that facebook c.e.o. mark zuckerberg had endorsed donald trump for reelection now facebook didn't take that down that was always a test from her science to see how the system works is to early to tell what this twitter decision what impact it will have there are still many up and questions there but we might have to see who's in the white house in a year and a bit maybe facebook will have to insist on only facebook's position considering what happened in the presidential election in 2016 but as you say we will see if any change comes a little flicker thank you thank you. well here's some of the other stories now that are making headlines around the world that migrant camps on greek islands are quote on the ed

to have a long period where he's going to be talking, reading from a script we can expect a lot of zuckcan. there are 59 members on the committee. each gets five minutes to question him you are looking at 300 minutes of questioning, five hours in the hot seat that is not excludeing breaks and chit chat. it will be a very, very long day for mark zuckerberg and for us >> it will these questions/statements, some of them on the internet, what is it kind of thing >> they'll hopefully go deeper this is not their first hearing on libra they've had zuckerberg before the committee or congress, they know a little more of what to expect i expect they'll broaden the conversation beyond libra and talk about potential for election interference, political advertising, political bias and housing. they'll get to questions on that as well. >> there will be a long day. thank you. >>> for more on this, we are joined by senior policy analysis at aei reading the story this morning that facebook's spending on lobbyists has gone up by 70% over the past year is facebook's charm initiative going to work with rep

i felt bad for zuck. it's all about speech. they want to silence it, leak it at will. how did the press see it? >> looking at these numbers come in, you saw a handful of women, other than that you saw a bunch of white men. this is not what america looks like right now. >> watching the republicans march those white guys, the middle age boring nerdy looking white guys walk down those steps was pathetic. pathetic wea weenies. >> don any deutsch calling anyone a weanny, the man farts pigs in a blanket. what a mob. >> they're engaging in lawless mob action. >> quite honestly it looked like a mob scene, kind of a mob party. >> the antics of our republican colleagues who frankly acted like a mob. >> they looked like a clan group outside of a jail trying to get the sheriff to let them in so they can deliver their own justice to somebody on the inside. >> the klan, that's inaccurate. i didn't see any democrats in that group. also, weren't these idiots the same ones who said it's racist to call an actual mob that chases and attacks people a mob? these are the same folks who poun

i think zuck's strategic approach with libra was if you can lock them into this currency, you can keepm -- keep their identity in all of the platforms and all of the personal data flowing to the marketing machine. i think when we look at 2, 3, 4 years, that was the big strategic driver. i don't think anybody really discounted it into the price. if you look out 2, 3, 4 years, where is the growth continuing to come from? we will have to find another acquisition to keep people in the walled garden. this does not seem to be what it is going to be. they would talk about it more if they felt that it was going to be the future. that was debra williamson. thank you for joining. rogen, you will continue to be sticking with me. up next, how things fare for this quarter. from google to facebook, we break down all of the results. this is bloomberg. ♪ taylor: facebook, apple, amazon, google, netflix, they have all reported. it is time to take a look back . who is your standout performer? leigh: facebook continues to put up incredible numbers against a background of cacophony. that is a great report

trish: it makes me feel kind of bad for zuck.atch this you have got to watch this entire exchange next. most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ they give us excellent customer otservice, every time.e. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa mem

trish: it makes me feel kind of bad for zuck. watch this entire exchange next. by consor credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. audrey's on it. eating right? on it! staying active? on it. audrey thinks she's doing all she can to manage her type 2 diabetes and heart disease but is her treatment doing enough to lower her heart risk? [sfx: crash of football players colliding off-camera.] maybe not. jardiance is the number 1 prescribed pill in its class. jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. that means jardiance can help save your life from a heart attack or stroke. plus, jardiance lowers a1c and it could help you lose some weight. jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare, but life-threatening bacterial infection in the

it the zuck you're going to created and say it is our business partners. your paper since your business partners are going to use your tool -- and you have the gall here to say you're going to know your customer. how do you know your customer with an anonymous account? meeks calls her bluff that you will create a payment system for the poor and on bank. un-banked need pesos, they need dollars to buy something at a local store. you have done no effort to help the un-banked anywhere else at any other time. you should. you should create a payment system with a close to zero feet. the real money is in the tax of aiders, and some extent drug dealers. you have got at least 100 lawyers that tell you what you are doing is legal and that you will be safe. do,n the harm that this can they could be wrong. if this explodes the way it , you will not be able to hide behind the idea that you did not create the libra organization. that it is just your business partners that have wallets designed for drug dealers and terrorists. i have a few more things. worlde richest man

breakdown the speech, response and more at post nine, early facebook investor, roger mcnamee, author of "zuckedwere you most surprised by, rocker >> that he wanted to come out in public and say all of that to me, the tin ear is so extreme that if it hadn't been for all the other nonsense coming out of washington, it would be the only story people would be talking about today. at the end of the day facebook isn't actually having a free expression problem, it has an amplification problem, it has an issue of essentially because it uses micro targeting to increase engagement, it is going to promote things that get people to spend the most time on the site that's stuff that appeals to fear, outrage. mark's hole thing is so obviously irrelevant to what the conversation should be about that -- >> it is not obvious i think -- i didn't think that's where you were going to go something he was saying makes sense, difficulty in policing political ads, he has a great point along the lines of just because something is not true doesn't mean it can't be in an ad do you want a corporation policing political spe

i call it the zuck buck. >> dana: what are we hearing from the facebook ceo? here in the hot seat today to testify about facebook's plan to launch this global cryptocurrency called libra but instead a lot of the lawmakers use this face time as an opportunity to pressure him about what facebook is doing in advance of the 2020 election and they were hammering him on political ads. take a listen. >> let me interrupt you for a minute. are you telling me, i figured you said before, you plan on doing no fact-checking of political ads. >> chairwoman, our policy is that we do not fact-checked politicians' beach. the reason for that is that we believe that in a democracy, it is important that people can see for themselves what politicians are saying. >> several lawmakers were correct to point out the problems are just here in america. they say wherever democratic elections have been compromised around the world in recent years, facebook has popped up and played a role. >> attempts at division and misinformation across north america and europe, facebook has been statica

zuck. connell: erin, talk about that, that issue zuckerberg is fighting back, the idea of big techs like facebook should be broken up. what is your take? >> i think certainly it would be detrimental overall for the stock prices. investors if you're looking at facebook, this is something you want to be concerned about. they're under a lot of pressure. we've seen the stock really slide since july. as long as this is in the conversation, that potential breakup, that's going to be a hindrance on the stock price because there will be problems. connell: jack, one more quick get. >> i think it would unleash value. instagram is not reflected in facebook's price. i think investors would do very well. aws is not reflected in amazon's price. break up would be great for investors and big tech companies. connell: that sounds like a debate you should have. erin, jack, his new program the baron's roundtable every friday evening, 10 p.m. eastern. check that out. melissa: good stuff. deal or no deal, britis

. >> that's in third place from one tech giant to another it's a big week for mark zuck zuckerberg, hepitol hill to testify before congress julia boorstin has what we can expect >> mark zuckerberg is looking to get his message out there ahead of his testimony on wednesday before the house financial services committee he spoke to nbc's lester holt in an exclusive interview >> i get a lot of people are angry at us. part of growing up for me has just been realizing that it is more important to be understood than it is to be liked, and i believe it very strongly, and i do think that people can make up their own minds about me or the work that we're doing, but this is who i am. >> coming up on wednesday, he'll be questioned about facebook's push to create cryptocurrency libra, high-profile backers recently dropped out of libra, the treasury warning it could be a tool for money launderers and terrorists and there are privacy and anti-trust concerns about the cryptocurrency ahead of the testimony wednesday facebook unveiling its latest in its work to protect elections including labeling posts

. >> i promise you you'll not have as tough a day as mark zuck zuckerberg. i'll tell you why, when "today in the bay" continues. >>> right now at 6:14 on this wednesday morning we are under a microclimate weather alert. we get ready for a hot day and high fire danger. san jose is going to see our temperatures in evergreen going from 59 this morning to low 80s and normal is 72 degrees. we'll talk about winds picking up today in less than five minutes. >> the traffic alert continues right here, southbound 880 in hayward right around "a" street the disabled truck, the debris across the right two lanes. jammed from davis to the scene, to the san mateo bridge. >>> good morning. very happy wednesday to you. tesla reports its profits today. now, we care less about the profits and more about how much cash tesla has on hand, and how many cars it built. the ceo of service now in santa clara john donaho is leaving to become the ceo of nike. they liked john at svice now and the stock moved lower on the bad news. >>> i was talking about existing home sales. it shows a sl

that has a lot of people saying too late, zuck. backlash on lebron james comments.ext he says why the he is concerned about the nba more concerned about selling jerseys and shoes than freedom. you don't want to miss that. on h place the right people in the right jobs, so employees like dave can achieve what they're working for. i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. they give us excellent customer otservice, every time.e. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby

that's why i call it the zuck buck you are going to create it and then say, oh, it's our business partners your white paper says your business partners are going to use your tool to have anonymous accounts then you have the gall to come here and say you're going to follow all the know your customer how do you know your customer with an anonymous account? then mr. meeks calls your bluff on this idea that you are creating a payment system for the poor and unbanked. the poor and unbanked need pesos, they need dollars that they can buy something at a local store. you've done no effort to help the unbanked anywhere else at any other time and you should you should create a payment system with a close to zero fee. but the real money is in the tax evaders and to some extent the drug dealers you've got at least a hundred lawyers that will tell you that what you're doing is legal and that you will be safe. but given the harm that this can do, they could be very wrong and if this explodes the way it might, especially you will not be able to hide behind the idea that you didn't create the libra organi

if zuck wanted to leave with money that can be a big barrier but message to every person starting a newving great products we all enjoy, it is going to be plundered. >> pushing money off the america a rise of bill i don't know airz in china not america. >>. dagen: companies got rid of wealth taxing russia going to open doors to american innovation, something like this goes through, by the way, i there i this is unconstitutional exit taxes never is against the constitution. maria: as we saids confiscation. >> 401(k) plans remind us you don't have to be rich to be hurt by wealth tax. >> good point the question what is rich is 250,000 dollars rich is that is that the top level that is going to hurt a lot of people we will take a short break when we come back special coverage of the september jobs' report the entire hour with official numbers coming out in about 15 minutes stay with uss we're checking out if a market impact and then act of patriotism nevada highway principal trooper stopping on side of a highway out of respect for fallen american flag we show you next, stay with us. our 18-

the leaked audio where zuckerberg said it would zuck if she is elected president.eed to be more closely scrutinized and regulated but breaking up companies is radical solution. shows you how much politics changed on the democratic side. charles: really has. howard, good to see you. >> appreciate it. charles: we were down 100 points but trading going to be earnings driven this week. later on we'll bring in bartiromo to discuss what she has been talking about. she has been very critical of the so-called phase one of this china deal. >>> democrats take the stage tomorrow night. will this be a race to the left and how far left. >> a flight that caused a massive engine failure her book, nerves of steel. she is our guest. like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrin

i call it the zuck buck. please do what you can to stop this. it meets no need for anyone who wants to follow our laws and if you read the statement of those who want to disempower the federal government, they are thrilled with cryptocurrency in each of its developments. now a small business investor alliance questioned this congress last year in a house report said that exempting bdcs from being covered by the afe rule dealing with expense reporting, given their similarities to operating companies, it will result in positive result for managers, improving corporate governance and transparency. i hope there was a positive develop when you issued your proposed fund of funds rule. i hope that you would take steps so that bdcs can once again be portfolio investments of mutual funds and get the kind of analysis by analysts who are doing the work that will benefit others as well. any comment? >> i think you framed it well. it's part of our fund to funds proposal. there is the tension there. it's at multilayers of fees or closer to an operating compan

allowed election interference among other offenses and now they are trying to launch a tech takeover by zuckg this mysterious buck. she is referring to the cryptocurrency effort, libre. -- libra. we cannot let the censored internet we see abroad creep into the united states. kevin mccarthy going onto tweet i have long been a vocal challenger of big tech specifically regarding anti-conservative bias. we should also recognize when they get it right. on defending american rights of expression without fear of being silenced, zuckerberg is spot on. kevin mccarthy yesterday. frank in north carolina, republican, good morning. caller: good morning. hello? host: go ahead, frank. caller: i was calling to give my opinion on the currency. i think facebook should go ahead and move forward with their currency. i think americans should have a choice like you said, it is going to be primarily with the u.s. dollar. when someone like china steps in and takes lead rather than the u.s. taking the lead on something like this, i think it is a great thing. facebook is here and it is one of those things -- too much

ylan >> reporter: that hearing turned a little testy when ayanna presley questioned mark zuck zuckerbergut his behind your children's inheritance in libra? >> congresswoman -- >> do you believe in what you're building >> yes, i do. >> i think it's a fair question. because you've proven that we cannot trust you with our emails, with our phone numbers. >> reporter: and that, again, was congressmanwoman ayanna presley. the question of a breakdown in trust came up multiple times in the hearing, not just a breakdown in the platform and its users but obviously between congress and the company as well for the record, guys, zuckerberg did eventually say that he would leave his children's inheritance in libra because it's backed one-to-one by sovereign currencies back to you. >> ylan, thanks for that i guess there's a bit of room for inheritance to fall anyway and they would still be all right. mike -- >> and it's convertible into all the existing currencies. >> yeah, why not >> exactly. >> i'm changing my name to libra, actually. >> mike, in terms of this stock and what sort of level political r

. >> zuck basically says they are at the heart of it, at least the anti-trust part. >> instagram, he's focused more about all of the businesses built around instagram and a little mess about free speech. free expression. >> listen, i don't dismiss the difficulty of parsing sort of how you do both. but, well. >> allowing outright lies on your platform to be propagated by all -- in all ways in terms of influencing, we know how influential this platform can be. >> why don't we go to back to what mark elliot zuckerberg says >> free speech you can't yell fire in a crowded theater? >> what are you oliver wendell holmes >> i will be if you like many zple how about putting the troop transport time tavenlts right now content is about political ads him should we block them with political ads google and platforms run the same ad. most cable networks run the same ads, that's required by law to run the same ad. is that not relevant is that not relevant that's exhibit a >> yeah, that's exhibit a. but we don't run ads that say, you know -- >> david, that's it! what are you like foment don't foment he

i love this zuck versus warren. who do you think would win if they went toe-to-toe in the ring? know. he can get a lot of lawyers. that is one thing about being a multibillionaire. susan li, thank you very much. meantime, there is this, bernie sanders slamming elizabeth warren but not for those reasons, for this reason. take a look. >> elizabeth i think as you know said she is a capitalist to her bones. i'm not. i believe i am the only candidate who stated the ruling class of this country, corporate elite, enough of your greed and with your corruption. neil: all right. apparently that is damning charge to call someone a capitalist at least in the democratic party. "daily caller" editorial director vince coglianese, if it works for getting far left votes. on that count it probably does. in a general election, susan and i were talking during the break, it is open debate. what do you make of this approach she is taking, on far more progressive than she is, i'm far more in tune what the progressive party is about, not kowtowing to the capitalist crowd. >> i'm so amazed in 2019, i re

biogen's announcement of the new drug and zuck othe n hill "squawk box" will be right back.. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. ♪ ♪ at synchrony, we're changing what's possible every single day. but what does "changing what's possible" mean anyway? ♪ well... if you run a business, it means a lot. for starters, we provide you with financing options for your customers. that way, you can help them buy the things they love instantly and pay over time. and that turns them into serious fans. hang on, there's more. want customer insights? we've got those, too. we use data to show you what your shoppers have already bought so we can tell you what they might consider buying next. and you can offer them the perfect products. that ceo gets it. from adding unique capabilities to your company's apps to bringing you loyalty programs, our technology and financial solutions are changing what's possible in all sorts of ways. so, how can we ch

. >> i was on the internet while watching zuck speak.there's a subscription wall that the "wall street journal" and others are using, they will make exceptions so they will still get the money and eyeballs but in a different way. david: that's interesting. you are part of the wall. i'm wondering if you're worried about it cannibalizing a little bit of the business side of the internet model. the "wall street journal" has been very successful. you have two or three million now people that have subscribed to the internet version of "wall street journal." will that pull away from it at all if you give freebies on facebo facebook? >> i guess there's a chance of that happening, but it sounds like thomson and others who looked at this and said it's worth it. the exposure that facebook can give general content is worth it. the "journal" was one of the few newspapers that has charged from day one, when putting its content up. other papers and other publications came along later and tried to do it and the transition was difficult because they had

we'll talk about elizabeth warren and the zuck. he used to be really woke.get to sub describe to our new podcast. special behind the scenes content and the latest headlines. apple podcasts on your favorite podcast app. do you have a reference? >> i do it on the apple. >> i should do that. can you show me how? >> it is really good well edited. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. but we're also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. >> announcer: welcome back, you are watching "squawk box" live from the nasdaq marketsite in times square >> good morning. welcome ba

you might say, hey, mensch up, zuck, do the right thing i don't think a private company has to set policyes in the flag and claim it's for free speech that's not true. they charge money for the ads they're posting. the most click baby stuff you can imagine is the most c controversial stuff. >> michael, he has a point >> yeah. >> there's so many other places out there like tiktok, you're not seeing about these hong kong protests, you've seen companies cave to the kren krcensorship t china wants them to censor maybe we should celebrate it. >> isn't he doing just a good job of changing the topic and getting your attention focused on tiktok. >> it's true >> we should be talking about what the topic really is, no, that's not what we're talking about. we should be talking about the russians who are hijacking and spreading false information. the iranians who are spreading false information and spreading false information from the cities to the countryside in america and pretending to be real we now know that facebook does as little as it can until it's forced to. facebook makes a lot of noise ab

. >> make zuck is going to be on his own, we will let this democracy play it out and people debate onlinend people say the messages they want to say, it's good news that despite the lose of some partners and political heat he's pressing ahead on his crypto currency plan. we could use that, maybe good for consumers. maria: a lot of pushback because of what he learned in other businesses, facebook ceo testified before lawmakers answering a variety questions on china, crypto currency and libra and watters kicked things off, watch this. >> given the company's size and reach it should be clear why we have serious concerns about your plans to establish a global digital currency that would challenge the u.s. dollar, in fact, you have opened up a series discussion about facebook should be broken up. >> i actually don't know if libra is going the work but i believe that it's important to try new things and as long as you're doing so responsibly, that's what his made america successful and tech industry has lead the world, i probably 10 years ago would have been more optimistic that trying to work

i hate to do this, but one thing you and i talked about exclusively a couple weeks ago when zuck was to go to d.c. and talk to everyone was around 180-ish. how people were worried and jumping ship, how we thought it would be a great buy there and it was, certainly. facebook, some of the numbers are incredible. instagram is hammering it. the daus, maus, daily and monthly active users, if you are playing at home, basically created their own planet. i think facebook goes well above 200. it will have fits and starts because of the political issues, but those are reasons to buy it, in my opinion. ashley: i don't think, to your point of it being teflon, we have had so many negative headlines about facebook and it hasn't stopped the stock at all and it won't until regulators come in and start breaking it up or change the business model. until then, i don't see, you know, they will continue the upward rise. stuart: that has to be years down the road, doesn't it? investors are not going to react to a threat that's miles away. you don't do that. lauren: the fines are doing nothing to the stock

charles: hey, folks, we will keep zuck on the screen all day long because it is going to be explosiveacts every one of us. meantime, take a look at the dow. we are up 50 points, up as much as 60 at the start of trading. also, let's check on apple. morgan stanley have raised their price target now to $289. wall street falling all over itself to see who can have the higher share price target there. winnebago profits were higher though revenues were down. the stock is making a really nice move. this stock has been on fire the last few months. better earnings at blackstone. the amount of money they control, we don't have enough digits on the screen to show you the stock making a 3% move at the open. >>> and microsoft report after the bell. maybe that's where stuart is today. maybe he's somewhere huddled up and just like microsoft, beat, beat, beat, beat. whatever that magic he does every time they come out. >>> facebook, let's take a look at the stock. it is the focus today. here's the thing. facebook has held up pretty well despite all of the slings and arrows, the investigations, the fi

that's why it is -- i call it the zuck buck. you are going to create it and say, oh, it's our business partners. your white paper says you're business papers. they're going to use your tool to have anonymous accounts. then you have the gall to say, you'll follow the know your customer. how do you know your customer with an anonymous account? then mr. meeks calls your bluff on this idea that you've been creating a payment system for the poor and un-banked. the poor and un-banked need pesos, dollars, that they can buy something at a local store. you've done no effort to help the un-banked anywhere else at any other time. and you should. you should create a payment system with a close to zero fee. the real money is in the tax evaders and, to some extent, the drug dealers. i know you've got at least 100 lawyers that will tell you that what you're doing is legal and that you will be safe. but given the harm that this can do, they could be very wrong. and if this explodes the way it might, especially you will not be able to hide behin

that's why it is -- i call it the zuck buck. you are going to create it and say, oh, it's our business partners. your white paper says you're business papers. they're going to use your tool to have anonymous accounts. then you have the gall to say, you'll follow the know your customer. how do you know your customer with an anonymous account? then mr. meeks calls your bluff on this idea that you've been creating a payment system for the poor and un-banked. the poor and un-banked need pesos, dollars, that they can buy something at a local store. you've done no effort to help the un-banked anywhere else at any other time. and you should. you should create a payment system with a close to zero fee. the real money is in the tax evaders and, to some extent, the drug dealers. i know you've got at least 100 lawyers that will tell you that what you're doing is legal and that you will be safe. but given the harm that this can do, they could be very wrong. and if this explodes the way it might, especially you will not be able to hide behin