zuckerberg will be important to show that he is involved. this is a communications company that has not done a very good job at communicating. >> josh, do you agree? does it make sense to you that here is a company that wall street is valuing at $80 billion, and in all of 2011, the company had net income of $20 billion. and we're valuing it at $80 billion, does it make sense to you? >> to answer your question, the way they're valuing this company has nothing to do with the fundamentals. they're waiting to see if the business momentum will justify it. look at the stock today, i think it's really telling, traders are noncommittal here. what they're basically deciding, even if they like the stock, they're saying i don't want the risk of a quarter that has all kinds of moving parts and the restricted stock issue. so what they're saying is look, i would rather pay up when the all clear is sounded. the number one thing i would be concerned with is the slow down in the u.s. which is their most profitable market. that's a little worrisome, and the i

mark zuckerberg is on the call. let's listen in. >> -- with a clear sense of the investments we're making to create value over the long term to make facebook even more valuable. we ended june with 995 million active monthly users, over half of whom use on a daily by sis and half of whom use from a mobile device. growing the network of people who use facebook and expanding the social experience is available to them remains the foundation of our efforts and the key to our future success. i'm going to focus the rest of my comments today on our top priorities across our product areas for 2012, specifically mobile, platform, and social ads. let's start with mobile. mobile is a huge opportunity for facebook. our goal is to connect everyone in the world, and over the next five years, we expect 4 to 5 billion people to have smart phones. that's more than twice as many people that have computers today. so building great services for these devices is essential for us to help people connect. we also think that people are inher

zuckerberg doesn't show up on the call. optics are as important as everything else given the opening of the company. >> optics will be important as to how the stock trades in the coming months. where the stock is one or two years from now is how they execute global strategy and how they monetize the traffic. >> kevin you're basing it on the mobile strategy right now, that clearly is the most important thing. what has the company done to give you confidence that they're going to execute on it? we know they have a big user base. that's why the stock is where it is. >> right. >> how do you justify the valuation basically with everything being on the count? >> well, you're absolutely right that this stock is based on, valued based on its potential, the possibilities it can grow into and it's clearly not a rational multiple times whatever their eps is, in the last 90 days. by that measure it's just going to be a very expensive growth stock, so yeah, what matters here is how well are they moving those users from desktop user to a

is it with zuckerberg, bezos, or schultz? >> it's too early to rule on zuckerberg. it's bezos. ten years from now can you see a world without amazon in it? i don't. you can see it with the other two. >> it's so unique in that these three guys are creators. >> the problem for facebook and i said this last night is in the product they're offering, it's really one-dimensional and the consumer that visits there has to sign in and stay there. they really want to be there. there's no need for them to be there. they need in the case of amazon -- >> the point is do the share holders need them to be there. who do you want them to be there in you're a shareholder of these companies. >> hey, scott. >> yeah. >> you know what might be interesting. i think about of these three gentlemen, which could run the other two companies and i think in the case of bezos and schultz, it's all theoretical, but i would love to see what one of these guys would do with facebook. they both have a ton of consumer experience, they understand trends at being first, et cetera. but i don't know that zuckerberg co

mark zuckerberg is the founder of this company. why would you come out and say hee ne he needs to step aside. >> founders are not often the best person to run the company as it matures. it's the biggest ipo ever, but it's not playing to his strength. he changed the world. i think what street needs here is a gesture or a real sign as it's grown up. >> and you think that would help investors? >> i do, i think it would be a clear sign of maturity by the founder and the current ceo. >> that's what google said, you had the founders running google and then they brought in eric schmidt. >> you reach a point that you're playing beyond your best strengths, and larry page came back. >> i feel like when you're lookth a a founder, they approach a business differently than a hired hand, if you will. they created something. it's the baby. and so, you know, i don't understand why it's a negative to have him running this firm. as a founder. >> well, let's look at the numbers, shall we? right now, the street investors, 97% of which are individuals.

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mark zuckerberg proved the richer you are the less you pay. he refinanced his $6 million home with a 30-year adjustable rate loan starting at 1%. experts say high worth individuals can pay less using adjustable rates. we lock into a higher fixed rate. zuckerberg is the 40th wealthiest person. >>> lisa argen is in for meteorologist mike nicco. >> we got a lot going on. mist and drizzle. wind conditions and sbhd here but the day is feeling more like fog than summer. >>> and a travel nightmare turns really ugly. passengers on a u.s. bound flight are stranded in china for three days. their confrontation with airline officials, next. ♪ ♪ >> two roj electric ends talk the stage why this concert was abruptly silenced. >>. ♪ ♪ >>> it was an epic performance. people are still buzzing about it in london. paul mccartney joined bruce springsteen but concert organizers turned off the sound after they strayed over the curfew of 10:30 p.m. organizers didn't even tell springsteen who kept going. [ applause ] >> the outrage was immediate and fans included lond

>> one final question about mark zuckerberg himself. remember when google went public and larry page, the genius founders of it, brought in this guy, eric schmidt, because he knew how to run a company. and he ran the company really well. they stayed on. they got more experience and management. and then they came back eventually. mark zuckerberg from everything that i've heard is not -- the guy is maybe a genius but he's certainly no experience managing a company, never mind a company this size. should he be the ceo or should he be the chief genius and bring in a real manager? >> i think he should bring in a real manager. he's a control freak as you can e. i think having someone with like true business acumen would really help them. you know, having a dual role, he could be chairman, something like that. move forward, having him -- whoever this financial guy is will come in and explain or build a product. he'll build the product base. the other guy will figure out the financials on it. think that would be very helpful. also take his mind

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take a look at what mark zuckerberg began to say. >> we can advertise within the mobile experience. and in a high level our sponsor stories which launching a mobile news feed had grown and demonstrated early success. >> there have been reports facebook is teeming up with htc but zuckerberg said it won't make sense for facebook to own a mobile phone. he said the company wants to support a developing eco system where other apps can build on top of facebook. amazon stock is plunging. the company announced worst than expected earnings numbers. income fell from last year, amazon anticipates of loss of $50 million to $350 million. sales slipped for the kindel fire tablet. and twitter uses had, well, no twitter today. the site is down several hours the second time this month. the page stated users may be experiencing issues accessing twitter and they're working to resolve the issue. the company publicked an explanation of the problem saying what is note worthy is the failure of two barea legal systems. and there is a stocks rally today with the dow up more than 200 points and there is a br

mark zuckerberg.res of facebook fell to an all-time low of $23.71, nearly a 40% decline from the company's ipo. no one's take an bigger hit than the founder, who has lost billions. it was supposed to be the most successful new company in decades. >> facebook's long-awaited stock offering. >> the buying and selling of facebook stock today was feverish. >> reporter: during a buzz from wall street to hollywood. >> a million dollars would be cool. you know what's cool? >> reporter: certainly not losing $1 billion. mark zuckerberg has seen $7.2 billion in net worth wiped out. that hasn't seemed to faze him. he married in an intimate backyard ceremony. dining at a mcdonald's while on his honeymoon. taking advantage of record low rates to refinance on his unassuming home. how does the company he made so popular with its users turn into such a disappointment with investors? the big problem, more than $500 million people log on to facebook from mobile devices. that has led some to wonder if zuckerberg can find

investors will seek assurance that the company can make money and they will look for zuckerberg to make remarks. corn harvest may drop much as 25% this year, due to the severe drought. many companies already are brazil.ng corn from brazilian acorn is now cheaper .ource -- brazilian corn airline tickets may get even more expensive. fuel surcharges have increased

today zuckerberg refinanced his mortgage at an adjustable rate of 1%.he loan comes with a risk t homeowner is at the mercy of the monthly rate adjusts, something that zuckerberg is likely not too worried about. >>> you may have-msnbc come now has a new name, msnbc news.com. it ends a 15-year relationship between microsoft and nbc news. >>> still ahead here at 6:00, the secret in your stride, what your walk could reveal about your chances of alzheimer's. >> i'm jeff ranieri in the nbc bay area weather center. we're tracking temperatures here in july, an extensive marine layer stretching across most of the bay area will keep cooler weather in place as we head into our tuesday. we'll tell you how long this trend with lost and we could have drizzle tomorrow. sncht >>> suddenly subtle changes in a person's surprise may -- slowing of walking pace or more variable surprise could indicate early signs of cognitive decline. the story of more than 11 elderly adults showed that those with alzheimer's walked much slower than those with cognitive decline. >>> childre

mark zuckerberg and his inner circle have said little about what's going on behind the scenes there. today, facebook released its first ever quarterly earns. we have more on that. what exactly did we learn? >> this is a day we were waiting for. we learned that they met expectations. revenue grew by 32% to $1.18 billion. that was not the block buster number that analysts had been hoping for. there is continued concern for growth for the company going forward in the next few years. something else we learned more than half of the 1 billion users log on to it through their smart phones. how is the company going to monetize that? we didn't get a clear answer from mark today. that's why the stock is down. >> despite that billion plus figure, big questions remain here. and not the best of news considering the rough ipo back in may. >> terrible couple of months. the stock was overpriced. at its peak, it was $45 a share. somebody would have lost $17 a share. it looks like the stock is going to open even lower tomorrow. >> stunning numbers that remain in flux. thank you. >>> and now, overseas

many amateur inventors and tankers from benjamin frankel's experiment with electricity to mark zuckerberg's social media website. induorot o tchens, basements, and garages. this is about 45 minutes. [inaudible] >> so when i hit the age we start askingourselwho i wh ih17, all my friends could claim to be, you kno descendents of robert e. lee, or charles holdsworth pinkney or something like tha i didn't hear around the family house we h manfms mo a etok my mother grew exhausted with my testing in sydney to see mary pringle, an ancient cousin and amateur genealogists, primed onotraiosity i rd afte me re t ias esd a large sheet of paper bearing a set of concentric circles. in the center, mary wrote my name. and in the immediate out a circle divided path, she wrote anexleictoo my two a. rcheroth ae y four grandparents. we filled out as far as we could in every direction. in that area where her family and mine converged, a seemingly unfounded wedge flew backwards to scod ngan unt m anstweobinth hses mqu oso this line, mary said, pointing to one of the ancient british girls we could claim, needs a

mark zuckerberg.s of facebook fell to an all-time low of $23.71, nearly a 40% decline from the company's ipo. and no one has taken a bigger hit from that than the founder, who has lost billions. it was supposed to be the most successful new company in decades. >> facebook's long-awaited stock offering. >> the most anticipated stock to hit the open market in years. >> the buying and selling of facebook stock today was feverish. >> reporter: during a buzz from wall street to hollywood. >> a million dollars would be cool. you know what's cool? >> reporter: certainly not losing $50 billion. that's what facebook has lost in value since going public two months ago. mark zuckerberg has seen $7.2 billion in net worth wiped out. that hasn't seemed to faze him. since becoming a billionaire, he's lived a relatively modest lifestyle. marrying in an intimate backyard ceremony. dining at a mcdonald's while on his honeymoon. and etch -- even recently, taking advantage of record low rates to refinance the mortgage on

>>neil: mark zuckerberg who became a billionaire many times over with the big stock offering now hast of the street credibility to prove it coming in with earnings of first release of the publicly traded company that did beat street estimates. that's what they were looking for, to beat estimates but the company did report a loss of less than thought at $167 million. but, furthermore in the internet world they look at revenue. point, click, and how much cash do they generate. they generate add lot more than thought. so, for mark zuckerberg would founded this social networking site in his dorm room, a confirmation that he got it right, whether it is a confirmation the stock price is justified, that's, again, another matter, but for zuckerberg, a big win in facebook numbers. >> meanwhile, food in berlin, rent in rome, pushed away in paris, sounds like something any u.s. presidential candidate would want to avoid and mitt romney is avoiding stops like this in an overseas trip. and the national journal economist says the republican nominee is missing a great opportunity. what do you mean?

mark zuckerberg proved the richer you are the less you pay. he refinanced his $6 million home with a 30-year adjustable rate loan starting at 1%. experts say high worth individuals can pay less using adjustable rates. we lock into a higher fixed rate. zuckerberg is the 40th wealthiest person. >>> lisa argen is in for meteorologist mike nicco. >> we got a lot going on. mist and drizzle. wind conditions and sbhd here but the day is feeling more like fog than summer. >>> and a travel nightmare turns really ugly. passengers on a u.s. bound flight are stranded in china for three days. their confrontation with airline officials, next. ♪ ♪ >> two roj electric ends talk the stage why this concert was >>. ♪ ♪ >>> it was an epic performance. people are still buzzing about it in london. paul mccartney joined bruce springsteen but concert organizers turned off the sound after they strayed over the curfew of 10:30 p.m. organizers didn't even tell springsteen who kept going. [ applause ] >> the outrage was immediate and fans included london's mayor cried fo

mark zuckerberg got the girl but many of silicon valley's brainiacs go to this woman for help. and we follow her as one bachelor goes for love. >> good evening. i'm cynthia mcfadden. tonight, we begin with a shark encounter that's ramping up the fears of beachgoers on some of the country's most popular shores. the dramatic image of a dorsal fin slicing its way towards a terrified kayaker near cape cod made headlines this weekend. so we sent abc's linsey davis out with the guys who track great whites for a living. and can tell the rest of us how safe the waters really are. >> oh, my. 11:00 o'clock. floaters -- shark! there he goes. all right. >> reporter: greg skomo isn't hunting great white sharks to kill them -- >> you see him, nick? >> yeah. >> keep an eye on him. >> reporter: he wants to learn more about them. he's tags these predators to understand their behavior and that's what's brought him here just off the coast of new england. and in the last 48 hours, he's tagged two of them, not far off the beaches of cape cod and is expecting more. >> it's amazing. if you told me fo

is zuckerberg's deal unusual.ealtimer said his super rich clients looking for low refi rates and getting them because there are better ways to invest cash than paying off mortgage. even if they are adjustable rate mortgages and spike up, these aren't real risks. >> these are clients in the $50 million to a billion dollar range. therefore, to pay this off is easy for them. >> i think this is really big. >> reporter: zuckerberg isn't merely wealthy. when he married priscilla chan the day after taking facebook public, the modest ceremony in the backyard of his 5,000 square foot home his fortune was estimated at $15.7 billion, another level of super rich, which raises the question why have a mortgage at all. >> i'm frankly surprised he's borrowing money period. he's a phenomenally wealthy. i don't think there's a house big enough he can't just write a check and buy it for cash. >> reporter: for the 99%ers who aimed their anger at the 1%, mark zuckerberg getting a 1% mortgage seem like another reason to growl. while he

expectations than analysts predict the stock will be hit hard and the welcome mat for mark zuckerbergmay be pulled from under him. their numbers are still down 39%, which experts say will affect the facebook numbers today. but we really will not know anything until that closing bell. >> we're hearing that mark zuckerberg will be making some sort of an appearance after the announcement. what can we expect from him? >> at most we can expect a brief comment. he is not known for dealing with wall street types so most likely the c o zero or c f zero will be doing most of the talking. >> thank you. >> you may notice twitter suffered its second worldwide outage in less than two months today. millions of twitter users across the globe were unable to send their 140 character messages. the severance based company gave no reason for the outage. the website is expected to see a huge spike on friday when the olympic games get under way in london. >> it was not an ideal time for system failure. a major portion of the oakland police radio system was not working monday during the president's visit. t

>>ageists ist -- >> reporter: mark zuckerberg also talked about the rumors of a facebook phone saying that a facebook phone does not make sense. >>> the company went public on may 18th. after a slight gain on the first day the stock has fallen expect for a slight up tick at the end of last month. in afterhours trading today the stock fell to $23.97 per share. that is down 37% from its ipo price. >>> twitter is blaming system failures for today's outage that affected users around the world. the san francisco company says the outage was caused by failures at its data centers. the outage lasted for more than an hour this morning and took down users in the u.s., europe, asian and africa. the company says it's reviewing it's systems to avoid a repeat outage. >>> san francisco major ed lee is joining the chorus of voices speaking out against chick-fil-a. the tweet is in response to chick-fil-a president's vocal opposition against same-sex marriage. and an lgbt group protested outside a chick-fil-a. >>> two families that lost loved ones settled their lawsuit with pg & e. the blast killed peo

>>ageists ist -- >> reporter: mark zuckerberg also talked about the rumors of a facebook phone saying that a facebook phone does not make sense. >>> the company went public on may 18th. after a slight gain on the first day the stock has fallen expect for a slight up tick at the end of last month. in afterhours trading today the stock fell to $23.97 per share. that is down 37% from its ipo price. >>> twitter is blaming system failures for today's outage that affected users around the world. the san francisco company says the outage was caused by failures at its data centers. the outage lasted for more than an hour this morning and took down users in the u.s., europe, asian and africa. the company says it's reviewing it's systems to avoid a repeat outage. >>> san francisco major ed lee is joining the chorus of voices speaking out against chick-fil-a. the tweet is in response to chick-fil-a president's vocal opposition against same-sex marriage. and an lgbt group protested outside a chick-fil-a. >>> two families that lost loved ones settled their lawsuit with pg & e. the blast killed peo

mark zuckerberg discuss his company's business strategy. he told investors that the social network now has 955 million users, a near-30% increase in just one year. facebook's biggest challenge is figuring out how to adapt to the growing use of mobile technology. nearly all of facebook's revenues come from advertising, and that's more difficult with smaller screens. that's part of the reason facebook shares have gotten crushed-- they're down nearly 30% from the offering price of $38 in may. but some analysts still think the stock's a "buy." >> i think making money on facebook ultimately comes down to their ability to monetize mobile. it's almost binary. if they figure out a way to make money, the stock will be very successful; if they don't, then the stock will underperform the market. >> reporter: for now, many investors remain skeptical. when facebook went public, it had a valuation of $100 billion. now, it's closer to $60 billion. erika miller, nbr, new york. >> reporter: i'm diane eastabrook. still ahead--i'll tell you how the weber comp

tell your friends zuckerberg's roommate from freshman year at harvard, triple jumper sam samyr laine carrying the flag for haiti. it's not the first time he's had an olympic connection. cameron and tyler winkelvoss competed in the two-man rowing event at the 2008 beijing games where they finished sixth. >>> let's huddle up around the water cooler to watch "the daily show." treat us to another installment of the series no family can afford to miss. it is herman cain and american presidency. >> you have built the bigs pipeline known to men. it connects all the drills on every single source of oil. you have reduced the price of gas down to 36 cents per gallon. everybody loves you. >> it feels great because it benefited the american people. >> yeah. >> and it also benefited the economy. >> mr. president, i have an incoming cable. the pipeline has exploded in several spots. oil is spilling everywhere and it has devastated america's national parks. gather those most affected and expla explain to them why their sacrifice is not in vain. >> creatures of the forest, assemble. we have a disast

but billionaire that he is, is zuckerberg was able to get a much lower rate than most folks for his $6illion mortgage. he and his new bride are paying just over 1%. that's less than inflation rate which, of course, means he's borrowing essentially for free. a vivid sky show in the north. we'll show you what caused it when we come back. in florida we had more suntans... in alabama we had more beautiful blooms... in mississippi we had more good times... in louisiana we had more fun on the water. last season we broke all kinds of records on the gulf. this year we are out to do even better... and now is a great time to start. our beatches are even more relaxing... the fishing's great. so pick your favorite spot on the gulf... and come on down. brought to you by bp and all of us who call the gulf home. you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. we provide the exact individualization that your body needs. oh, wow, that feels really good! take it up one notch. oh gosh, yes. once you experience

we asked you if you thought if mark zuckerberg should show up on the call. jim says absolutely, he is the start of the company, investors are paying for u his vision and where it will lead. ben says after the ipo fiasco, he better be on the call. tito says perception is reality. so far, mark zuckerberg has been content to be absent and appear indifferent. thank you, everybody. we'll get your tweets on the air as soon as we get this pem stick around, a big show coming up. >> coffee prices falling 6% in the second quarter. will that help purk up starbucks earnings? howard schultz goes over the numbers this hour. former citi ceo calling for the break up of big banks, be barney frank agree? at sleep number, individualizing your sleep is at the heart of every innovation. wow. that feels really good! and now, sleep number introduces our new memory foam series-the only memory foam beds with exclusive dual-air technology that adjusts on each side. memory foam just found its better half. sleep number. enjoy introductory savings of $500. and two free coolfit pillows!

people suffering from apartheid in south africa it's about interest rates so if you're mark zuckerberg for example the cost of borrowing is one percent. if you're part of the new n word and i'm part of the new n word you're part of the new n word then our cost of funds is twenty percent. if you're mark zuckerberg what you get on your savings or on your investments training and inside information market manipulation you can expect twenty twenty five percent of us the new n words what do we get we get zero percent and this is the new discrimination this is the new apartheid it's down to long lines of the interest rate curve and it is impoverishing this generation and obliterating savers workers and pensioners by design using not political jerram mentoring or discrimination but interest rates and this is what does live or scandal is all about in all the interest rate scandals are all about what the bank of england all about what the subtle banks are all about what the banks and wall street are all about about discrimination using interest rates to disenfranchise an entire generation and g

. >>> mark zuckerberg's is going to be holding a conference call right after the market closes. here's a look at some of the expectations, the numbers we're seeing on average. their posting earnings at about 12¢ per share. the ipo was $38 in may. it was just a valued at 27 bytes yesterday. they also gauge of how long people are on the side. whether or not they're using the app or the full program analysis are wondering how much information is zuckerberg's is going to provide. yesterday's linda reported some disappointing earnings that sent both stocks and warned investors its ipo was valued a little too high at the initial introduction. the man was in his '30's. about 30 minutes ago, investigators had gun crime tape parade officers found a man suffering from several stab wounds. it is the city's third homicide of the week. the suspect is this man, a bedroom the dino. they believe he may be heading down to southern california and maybe mexico. he has a grim reaper tattoo on his back away and letters on his shoulders prayed in the say he shots and killed a husband and wife in eigh