in contrast both groupon and zyngas have really suffered. zynga is up about 27%. they've been making motions to try to diversify on facebook. groupon, social buying service, the deal-a-day service, groupon is down 52%. now, one thing we need to keep in mind here is a lot of investors have told me they have invested in some of these other social media names in order to have exposure to the social media sector. the big question is did they buy into facebook themselves and they won't need that other exposure and will they shift their investments from facebook to others. that's something to watch. guys back,ing over to you. >> julia boorstin, thanks very much. it dwiengs be a very busy week, so get some rest. will it give boost to the names like zynga and groupon and pando pandora, for that matter, which have not done so well after their debuts. mike, what do you think here? >> it wouldn't surprise me. say, groupon, i don't see the link right there. linkedin, i don't know either. zynga has some pretty close ties to facebook. the mafia wars which is nothing something i

how would you like to buy zynga stock. it may not be farmville, but it is on the social media giant and show you how you can get paid too. why are the traders wading into the digital river? "options action" begins now. >> world's largest equity options exchange. these are the traders here in new york's times square. jpmorgan is taken to the wood shed on the $2 billion loss. fitch downgrading the long-term credit rating and the stock is falling in the after hours. the question, is there a new best in breed in financials? let's get in the money and find out. dan, this is early similar to what happened not too long ago to another financial out there. >> it's an interesting point. when you think about goldman sachs, they came out of the crisis and goldman was reaching some precrisis levels in the stock in april of 2010 and then the sec makes these charges about this and all of a sudden the stock got slammed. there is the chart. the thing that's interesting to me, it had less to do with the fundaments of goldman sacks and more

better go with zynga, thought ashley. i heard of farmville, but there was another problem. 100 shares were nearly $1,000. so to make a bullish bet, ashley sold the july 9th strike put and collected $1. that dollar is the most she can make on the trade, but in order to keep all that money, she needs the stock to stay above that strike put price or above $9 by july. it gets better. that's because of the money she took. she can make money if the stock goes up, down, or nowhere at all. a buck for doing nothing? that sounds as believe as as an internet company of $100 billion. >> this seems like a big deal. >> what's the trade off? when ashley sold the put, she hoped the stock would go higher or stay above $9, but zynga shares fall below, ashley is obligated to buy zynga at that strike put price or $9. with the dollar she collected for selling that put. she couldn't begin to lose money until the stock falls below and that puts the price by more than a dollar that she put in or make money whether the stock goes up or down or no

zynga is not commenting and analysts say investors likely unloaded zynga to buy up facebook. the co-founder invested $38 million in facebook and now his stock is valued around $164 million. another social network ceo is smiling. linkedn's $35 kblinl invest smt now worth $144 million. and rocker bono of u 2's investment group elevation partners put $176 million into facebook. that is now worth $1.3 billion. >> everybody is getting rich but us. and it appears divorce lawyers and wedding planners may benefit. according to a report influx in wealth is expected to serve drama in romance department. for better or worse, perhaps. the divorce attorneys say financial stability often gives unhappy couples confidence to split. wedding planners are hoping young millionaires will use cash to plan the wedding of their dreams. our coverage continues here on abc 7 news at 5:00. and nannette miranda looks at the boom the ipo could give the state budget. we're talking about billions of dollars here head on abc 7 news at 5:00. >> police working to find out who left white powder and a threatenin

zynga and groupon had a pop and dropping below. i don't know the story with zynga.facebook debuts, we would describe as a disappointing debut for facebook stock. zynga has halted. it dropped 13%. christine, the issue is two-fold. you said $38, the ipo, the high end of the second range. that was priced for perfection. maybe the market agrees with you. >> reporter: it is interesting. the company has a lot to prove. this is a company that has to prove it will be able to get into the chinese market and continue to grow and continue to make money from our privacy and partnerships and networks we're making. you called it the second transformation of the internet. how do you modernize this? other people compared it with eastman kodak. eastman kodak had a long history. what will it do next in the fast-growing economy? so, i think this is just the beginning of the facebook story, ali. it has been an amazing story to hear, but this is the beginning of the facebook story. >> christine, stay where you are. we are going to the stock market and go to alison kosik when we come bac

zynga had what was called a single stock circuit breaker fault.y that would happen and be halted for five minutes. but this was halted for 50 minutes. >> an hour. >> 50 minutes, essentially. and i believe it reopened again just a short while ago. but the bottom line is that's a long time. and there's a lot of questions. we don't quite have answers there. there are obviously some kind of system problems that are going on over there. and i think we need to sort of clear that up. hopefully everyone will get order confirmations before the market closes, hopefully. and we'll clear that up. >> matt, from your point of view, this was a real moment potentially for the retail investor provided they got facebook stock at $38. i think everybody thought they were going to make money. and that is clearly not now the case marginally, but not at the sort of levels we thought. what does that mean for the market? what does that mean for you? >> absolutely. classic case of sell in may and go away. these people thought they were getting home runs here, big gains. we

. >>> social media stock to facebook, zynga has been halted. give me your overall read which should be basking in the glow of facebook and is not. >> it's the ultimate sell the news for all these stocks. they definitely had a run up in the last three days on the hype and hope that this was going to be a blockbuster today. and that, facebook with its new currency was going to go out and make some acquisitions. that's why those stocks ran and, you know, the fact that there's a blip here with facebook's pricing today, it's causing everybody to back off big time. >> roger, if we look at elevations, position in facebook, we used not only the s-1 but our own cnbc analysis and i know there's specific numbers that you can't speak about but we've determined that you had about a 1.5% stake, you now have about a 1.3% stake. so you were slight sellers at least according to our own analysis. is that a sign that you're behind zuckerberg, behind facebook for the long term? >> no question about that. the way i would look at this, i think the points that pete j

zynga does in the mobile space.ild different styles with higher values and more engaging game play. that positioned us well for long-term consistent growth as the market keeps getting bigger. >> you mentioned bigger and that's where i was going. the mobile gaming, you are talking about a $5 billion industry and i have seen projections of 16 billion by 2016. is that something that seems excessive or is that a modest projection? >> we think it's fair. think of it this way. there about 650 million apple and google android devices in the world now. that is two or three years into the transformation of consumers adopting new smart phones. that was about 4 billion people in the world with a mobile device. all of them will get a smart phone. provided that you are operationally diversified, and we make the games work for amazon and google users, all apple devices and you are able to capture the growth of consumers overseas and around the world. we will see a factor of the growth in the average revenue per title and the comp

talk about in the forbes articles they actually created word for word the accounting policies that zynga uses for revenue recognition and they could be also looking at systems that they helped implement financial systems technology systems etc so do you think that there is reason to question the integrity of the accounting or the financial statements some of these tech companies or that you're talking about. i certainly do and i think that there's a growing number of people who also do when you look at facebook i think they've learned from sort of the stumbling that zynga did when they first went through their i.p.o. process they had to reissue their filing eight or nine times before they got it right before the. everybody else so that they had it right group of have the same problems a group on has had even more problems trying to get their public filings correct so you have a situation where facebook did learn from those mistakes but really what's under the hood we haven't seen in the annual report we haven't seen a quarterly a q we've only seen this one filing and there's issues like

zynga has not done well. how do you know?as a public market investor. that's why we have analysts, but as you know, analysts have mixed records over the past more than few years. i think the answer is, you need to do what most other people do and form your own independent winnion. form your own view about the given stock. and separate your view about the company and about the stock, i mean, my general sense is, when google went public everyone wanted to own 100 shares of google. when facebook goes public, everyone will want to hone 100 shares of facebook. what's different this time is, there's a huge amount of financial investors other than vcs, who own facebook stock today because they bought it in the secondary market. and that's just makes it very tough to understand how this is going to trade in the first three, six, nine months. >> are you comfortable with a $100 billion valuation? >> i -- am i comfortable with it? i think it will achieve it. i don't know if it -- >> it's going to achieve it. finish your thought there. >

. >>> zynga investors are poed. shares are down 30% in a month trading in the 5.90 range. julia boorstin joins us live. hi, julia. >> hi, sue. well, the ceo just left the stage moments ago. as you might have guessed, his company's reliance on facebook was very much in focus as is the fact that zynga's stock is down about 27% just in the week and a half since facebook's ipo. he really deflected questions about zynga's stock price insisting he's focused on running his company's product, not the market movement saying in defense of his company and others that -- we have this quote here. the crop of companies that have recently gone public are awesome and i'm optimistic --. one place he was very critical of facebook was in mobile saying that while mobile is a huge opportunity, it's still a fragmented space and that facebook just has the potential to be a big player in zynga's mobile growth. it's too soon to say just yet. now, while he did say that mobile growth is crucial, he was very clear that he's not interested in getting into the traditional video game market of the likes

he said that zynga is port when it comes to the platform of the web.ut it's not important to mobile growth. zynga is not sure that facebook is going to be able to pull off the mobile transition. everyone i've talked to here said whether it's through acquisitio acquisitions through growth, that's how people are accessing facebook and how to keep them engaged on games on the mobile platform which is what zynga is worried about. >> what about the criticism that the phone -- the screen is too small. they are not going to be able to do just that, julia. they are not going to be able to monetize all the 900 million users. >> i think that right now when you compare the web interface, the mobile interface, they certainly cannot serve the same kind of ads in the same way. the screen is too small. facebook is going to have to figure out a new way to figure out the ads. google adds to the platform and they are not going to be ads and the experience and big question is whether or not that turns off users. >> trip, it is clear that the stock is looking for a bottom

zynga -- there were problems not only on nasdaq's side, but generally, zynga was under a lot of pressure just like other social media stocks because they had risen in the last couple of days, and with the disappointment in facebook, they lost value pretty quickly as well. >> thank you very much. all right, in a minute, we will be looking at how dangerously passionate football fans can be. >> first, a quick look at other stories making news around the world. >> in germany's banking capital frankfurt, the block-uppyy movement. organizers expect more than 40,000 people to take part in a march on saturday. that a german court ordered the release from prison of german -- a german-canadian arms dealer on health grounds. he is currently serving a eight- year sentence for tax evasion. the case is set for retrial. it tarnished the reputation of the former german chancellor. >> the interior ministers of europe's six largest countries% are holding talks in munich about new eu travel regulations. germany expressed skepticism about eu plans to register all travellers entering and leaving europe. the

. >> tom: one of the other losers we've seen here, zynga, a game maker that does a lot of business on facebook, the share price continues to sink to post ipo lows it had in december last year. >> yes, zynga have struggled, they get 90% of their revenue from facebook. and it's interesting that they've sunk so much on this ipo, because we haven't gotten any new fund meant news out of facebook and sdinga is trying to devers fi their business. >> tom: do you own zynga or facebook? >> i do not. >> tom: lindsey bell, with us from thestreet.com. this year thousands of military men and women will end their service to our country and begin the search for civilian jobs. the hunt for work can be a new challenge, and all this week we're going to be looking at veterans returning to the american economy. suzanne pratt kicks off our special series tonight with a look at veterans on wall street. >> reporter: this was chris perkins eight years ago in iraq. an artillery officer in the u.s. marine corps. this is perkins today, at work on a citi trading floor in manhattan where he oversees a team that pr

zynga. zynga is a company that has made its bones with facebook. it's words with friends, it's scramble with friends, it's instagram a fad that they just bought. i think to mention the word fad is not heresy. >> all right. as we await facebook to open for trading, you see that unchanged sign here at the nasdaq. let's talk to bob at the new york stock exchanges. >>> bob? >> hey, you're doing a great job over there. everything looks fabulous. but things are still happening here. h houd how would you like to be a fly on the wall during this one? he's going to try to nudge her towards the middle a little bit more. she's already isolated from the u.k., from france, from spain, from italy, all the leadership there. the big talk is within a couple of weeks, you're going to hear very specific projects from europe. increased investment from the european banks, there's talk about project bonds. you can't get euro bonds. it's too early for that. but you can have things like investment bonds, project bonds where you have specific money earmarked for very speci

so social gaming is a little bit different and all of the various relationships and alliances like zynga has with facebook are a little bit new but it's really not so much different that way back when you had a.o.l. or any other advertising based media company attract users sell advertising against those accounting rules have been in place for a long long time they're pretty straightforward the key is that these companies give the perception that there's something new and they come up with all kinds of creative ways with the assistance of in this case in particular ernst and young to to explain what is inevitably happen most of them start off with with a lot of losses and they have to sort of. color that a little bit with what. tricks so they make up their own metrics that explain away the kinds of things that they think are typical or that don't explain how their business really works so those are the words that the c.e.o. that group on c.e.o. have actually used well and you showed the difference between what our earnings and the bottom line and the top line reported by a company like t

>> the problem with zynga, it's hard in my view to make an aggressive call about zynga and making an negative call about facebook given zynga is so tie today facebook as a distribution platform. and they've been trying to move away from that, unless you have a real confidence in facebook, i don't know how you have real confidence in zynga. >> we were going to do coinstar. buy or hold? you like it or not? >> i think thumbs down. >> thumbs down on coinstar. all right. is new york going too far in banning big sugary drinks? vote yes or no at streetsigns.cnbc.com. results will be revealed during the next hour. we will be back in two minutes after i go get a 20-ounce diet -- ttd#: 1-800-345-2550 let's talk about how some companies like to get between ttd#: 1-800-345-2550 you and your money. ttd#: 1-800-345-2550 at charles schwab, we believe your money should be available ttd#: 1-800-345-2550 to you whenever and wherever you want. ttd#: 1-800-345-2550 which is why we rebate every atm fee worldwide. ttd#: 1-800-345-2550 and why our mobile app lets you transfer funds, ttd#: 1-800-345-2550 ex

>> i think zynga -- look, zynga has got some good games. liebke to play them. >> you don't think there's a business model in selling animals? >> it could very well be a billion dollar market cap company. just right now, it's a 4.3 -- >> play a zynga game on mobile, you are forced to look at an app. >> last night, for a moment, i almost had to buy a coin. i came this close to buying a coin. >> or pink colors to draw something, right? >> i refuse to pay for those pink colors. and i -- look, i am not a good drawer. >> there's a division here on the set. the two of us are like what? >> you get a gold coin for inspiration. hey, listen. this is the new world. i don't pay for anything and i have a huge amount of enjoyment, unless it's apple. and in that case, verizon pays for it! that's very true. meantime, we've got to talk about europe. worries about europe setting u.s. futures lower here. spanish bond closer to november highs. the european central bank is trying to sue pierce about spain saying it has recapped trouble lender bankia. a lot of in

and finally, zynga. amazing creative bike parking. check it out. they are offering workshops on employees -- for employees on the right skills, maintenance, and they have declared may official zynga loves biking month. thank you, ellen. we will ask a couple of the folks to take the time to join us. katherine and jay, want to join us? >> thank you for the recognition and the honor of inviting us today. we moved offices to 45,000 square feet on seventh and harrison, and we had the choice when we moved to dedicate vehicle parking or bike parking. based largely on improvements the city has made for bicyclist in the city, we chose bike parking. we have almost -- thanks. we have almost half of the 130 people we have in san francisco commuting by bike. with the money we save don that parking, we will buy bikes form rom mike's bikes for dedicated bikes for people that don't have any to ride. keep it up. [applause] >> thank you. i want to welcome mason from air b and b. >> the employees really depend on the bike-friendly nature of this city. half of them ri

that happened with blackstone and zynga. there's no difference once an investor wraps their head around the valuation of 26 to 29 times sales, those numbers aren't really a deal breaker. above $40 a share could raise some flags, especially considering what jim cramer mentioned on "squawk on the street," 59% of the deal coming from investors who because they're selling could push for a higher price ultimately, carl. >> thank you very much, kayla tausche. want to run through all the original founders. they all met at harvard. and perspective dollar signs now. none of this is final. it's all dependent upon several factors. first, mark zuckerberg, his share in the company expected to be worth around $20 billion. he'll own a controlling stake in the new public company. the co-founder of facebook, vp of engineering, the chief technology officer, his stake, around $5 billion. eduardo saverin, co-founder, estimates around $1.4 billion. and next on the list, chris hughes, went onto run president obama's organizing team in 2008, peg h

. >> why no zynga? don't hear anybody talking about zynga, a company directly linked to facebook and its success. >> if i want farm animals, i'll go to weiss's house. >> no seriously, why no zynga? doc, i didn't hear you mention it. >> i didn't mention it. i like that and mobile games, but if i want to be in that space, i want gluu in china. that would be my play in the mobile game space. not zynga. i think their cost of translation on games on mobile is much cheaper over at gluu. that's why i play there. >> if i'm not mistaken, that was a daniel niles play. >> that's right, and it's done decently in the last week. >> all right, doc. >>> programming note, thursday at 1:00 p.m. eastern on cnbc, we're going to go inside facebook, literally. see how the company makes money, hear if you should invest in it and find out just how much money everyone involved will make. don't miss "facebook: the social offering," 1:00 p.m. eastern only on cnbc. you can go to facebook.cnbc.com for more coverage, including this

basically, ea is bashing zynga's purchase of that application.'t been trading that long. about two months ago this was a $14 stock. carl, you know as well as i do, when you have ipos that lose half their value essentially from their high in two months, that is just another blow to investor confidence. how can that happen? >> look at google, topped at 31. i don't know where it is right now. i imagine it still is below 10. point well taken, ryan. thanks. >> get to work on farmville, carl. buy some cows, man. >> talk to you later. let's get another check on the energy markets as well. get to sharon epperson at the nymex. new york crude down. . approaching the lows we saw sunday night. traders breaking low below that level will send prices to $94 or below. everyone is talking about the greek elections. they're talking about the uncertainty overall in the eurozone and what this economic recovery will mean, when it will happen, and how quickly it will occur. gold prices here below $1,600 is key as well. we're looking at gold that could fall perhaps to

and analysts say investors had artificially inflated zynga's value. and there is california standing to gain a huge tax wind fall estimating when employees begin cashing in the state will get $1.5 billion. mark zuckerberg will put a dent in the did he have site based on the tax rates this exercise of options will generate $195 million in personal income tax revenue for the state of california from one individual. >> and employees can not share their stocks and the federal income tax bill is in $700 million range. >> if what happens is an indication many of those facebook millionaires will have financial freedom to strike out on their own. facebook's success may create a new breeding ground for innovation. >> we're outside of the tesla showroom. and this is because tesla is an example of how financial success in silicon valley is driving innovation. >> remember 10 years ago when pay pal was purchased by e bay? two years later peter teal invested the money in facebook. his shares now worth $1.1 billion. and another of the pay pal founders used his money

the zynga move down is kind of bizarre. you know, people were thinking of that using or shorting that as a hedge in some way and i think those who didn't perhaps regret it. you know, we'll see what the impact is. listen, facebook is now a public company that we're talking about very often. perhaps not as often as we talk about apple. but often. it has still got roughly $100 million market value and it has underwriters who will try to support this thing at $38. at least for a little while. but if it keeps hitting that level and breaks below it let's say monday or tuesday, you're going to have a lot of potential selling behind it that's got to be a concern short term. longer term, it will trade like everything else, on the fundamentals, on what we see from the company and the future. >> put up the chart on zynga. david brings up a good point. zynga was halted twice today on what was called a single stock circuit breaker, but a single stock circuit breaker should halt for five minutes. this was halted for 50 minutes twice. tha

that bled over to other social networking stocks including zynga.today because so many people sold those shares so fast. zynga shares down 13%. others shares down. yelp down 10%, pandora down 5%, groupon down 8%. linkedin down 6%. this is when a strong company in one of these sectors doesn't do as good as planned. you see these other shares in the same realm fall like that. one analyst says the overall long-term trend for social networking sites is positive. people are using social media. advertisers are spending money even though gm pulled out of its advertising on facebook. there are advertisements. people are spending money. not every social networking site does as good as the next. one day of trading for facebook doesn't mean this is how it's going to be long term. >> that is a very important point. we've been talking about whether this is bad for facebook. this might be the best deal a retail investor got. big ipo, the retail investor can't get in on the ipo price. look at that price. 38 bucks is exactly the ipo price. >> it is the first day of

the thing with zynga is you have to come up with a new product every year. that's a difficult business model to have. >> again, let's have a trading lesson on what to do. 47 million shares and what happens? people sell and they are happy for the company? they leave. he happened to leave today. for groupon, friday is your chance to sell. the significance of the selling will be incredible. this is a company that restated earnings and pushed back from 934th to june 1st. these are not good events that you should be buying. >> and groupon, what's interesting is people are talking about the value that we love on the show. nine times, 2013 ebitda is a fair valuation. that's not why you are buying groupon. >> where is the euro bottom. we are tracking the technical break down. the trade of the day lies behind this curtain. it's an off the radar play. they will unveil live later on in the show. stay tuned. stay tuned. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those ye

zynga, when zynga went public in december 2011, its ipo price was $11, it closed $9.50. at least look on the bright side facebook didn't end lower than it's ipo price. >> a bunch of people in menlo park are millionaires. people did make money, people that had been an investor for a long time. >> i finally tweeted something out there for facebook haters. this isn't a public vaccination. if you didn't want to buy facebook stock, you didn't have to buy facebook stock. felicia taylor on the floor of the new york stock exchange. felicia, let's talk about something for a second. we don't spend a lot of time on it. there was definitely something up with the trading, as allison said at nasdaq. for us old-timer's, that didn't used to happen. >> no question about it. thank you for including me in that group of old-timer's. that was really sweet of you, ali. but what was fascinating was to be here on the floor of the stock exchange and watch what was going on friday and to see the traders literally huddled around their terminals watching the penny point move, 38.01 to 38.20. you co

we are very excited about zynga. i think they are one of the most interesting names to buy on the facebook weakness. it is sold off purely on the appreciate u you are seeing in facebook shares, i think. when you look at its business and how small it's gotten over the course of the last few weeks, i think there is a big opportunity for investors to pick up zynga shares. i think time warner cable is a compelling story. everybody everything we are seeing whether you believe it or not in the facebook story, band width consumption is exploding. the pipe, buying companies that own the pipe, like time warner cable, we think have a tremendous amount of upside over the next 12 months. i think that's one of the best ways to participate and participate in the isp broadband growth you are seeing in this country. >> okay. thank you, both. adam, we introduced you. but we didn't ask you anything but we are glad you were with us anyway. >> my pleasure. >> adam made the best point earlier about what is going on in europe. i'm glad we

zynga, when zynga went public in december of 2011, its ipo price was $10. guess where it closed? it closed 5% lower. $9.50. so at least look on the bright side. facebook didn't end lower than its facebook ipo price. >> and remember, too, to be fair. there are a bunch of people in menlo park, california, who are now millionaires. people who have been investors for a long time. thanks, alison. >> i finally tweeted something out today for all the facebook haters out there. this isn't a public vaccination. if you didn't want to buy facebook stock, you don't have to buy facebook stock. felicia taylor's on the floor of the new york stock exchange. phylici phylicia,, let's talk about something for a second. there was definitely something up with the trading, as alison said, at nasdaq. you know, for us old-timers, that didn't used to happen. >> no, there's no question about it. thank you for including me in that group of old timers. that was really sweet of you, ali. but what was fascinating was to be here on the floor of the stock exchange and to watch what was going on on friday and se

zynga, that's a crazy name. you've got to come up with a new game every six months. nobody can do that. >> do you buy the market today ahead of tomorrow knowing a positive number lifts the market and a negative number gets qe3 back on center stage again? >> i think you can. there's a narrow window where the market would go down. if we get jobs below 100,000, everybody starts yelling about qe3, and that's bullish for the market f we get them above 150, 170, then the market goes higher. we're already conditioned for a weaker number. i think, if you come in maybe like 110, then i'd be a little concerned the market would be confused. but i'm long this market. i remain long this market. >> one of our falling knife stocks got a much needed upgrade today. shares of chesapeake energy in the green after bernstein research upgraded the stock, saying market sentiment appears to have bottomed. there's a look at chesapeake right there, up 2.66%. chesapeake is down 45% in the past year. but our next guest says the stock probably has bottomed. let's get your realtime trade from pet

you look at zynga down 15%.all the secondary trading shops that set up to trade facebook and people have really high hopes here, but necessarily on the sell side that wasn't there. >> right. i mean, we're all -- we can all point to why this stock is doing what it's doing. you know, the overallocation. whatever it is. but i don't think we all expected to have to come up with those reasons why it was doing that. so there was every reason to believe that the demand was going to be so strong especially from the orders coming in today that this stock would go higher. is this merely a failure of technology? i mean we still hear -- we're getting e-mail. >> a lot of people question the 100 billion valuation -- >> i understand that. but people are saying we have yet to get a confirmation on an order they put in this morning. >> yeah, i got an e-mail from someone saying i use fidelity, now i'm stuck. >> and some were at wells fargo, still nearly into the market close and they haven't gotten confirmations. you have to wond

another bit of collateral damage for zynga.big factor within facebook, provides about 12% of the revenues to facebook. the stock had to be halted twice because of big moves in the stock. those trading halts that they have, the circuit breakers that they have now twice it was halted for several minutes. it has now resumed trading as you can see. today it's down even as facebook is up. what's holding us up here at the nasdaq even though we're down on the day? what's interesting is apple today gets a little bit of good news. apple is flirting with a bear market territory off more than 17%. an update today. and yahoo! which i know brian is going to talk about, but, you know, that's the forgotten and bottled internet. it is up today on the possibility they may finally have the deal with alalibaba. >> that's a good thing. good thing for yahoo! today, bertha. good to point out zynga as well. certainly the most directly facebook related name out there. all right. well, now let's take a walk down ipo memory lane. brian shactman has a lo