now zynga is interesting. liz: groupon. we could put some of these up.you look at -- stock themselves but -- >> zynga debuted at $10 a share. where is it trading now? penny stock. 2.60. liz: where are they now? look at it. >> facebook. twitter, look at that one. twitter came out at 26. they're now at 15. i'm telling you if this thing came out where it should have came out at 12, maybe it would trade down to 15. people would buy it at 15. it would be a sale at 15. snap, people are saying the same thing. is this thing worth 17? now it is up to what, 2? the question is if it came at more rational reason, ipo price, say 12, could it be sold down the line if it doesn't make, if it doesn't live up to expectations? which seems to be the norm rather than the, seems to be the rule as opposed to the exception. liz: let's also make this point. its lost $500 million last year. actually 513 million net loss last year. hey, they got 500 million from nbc. they're up -- >> by the way, nbc has room on their balance sheet to invest 500 million. this company throws up, the

the killer is zynga, a $2 stock. >> zynga got killed by facebook.were completely dependent on facebook by distribution and facebook cut them out. liz: got to ask you about uber. had the worst week ever. terrible news. sexual harassment investigation. the video released of the founder kalanick, he was arguing with a driver who makes one tiny fraction of what travis is probably worth. it was unseemly. how does uber come back? >> well, uber has to straighten its ways of doing business -- liz: travis stay? >> i, i don't know. he needs to better management team. perhaps to needs to listen to other people but the thing is, there is a lot of bad things going on in silicon valley, bad governance. stocks -- non-voting in the case of snap. secrecy, et cetera. all that is going to come and bite silicon valley if they don't get their act together. they have to get their act together. liz: we'll remember snap is a long-term name. eric, thank you very much. eric hippeau. >>> we're 27 minutes away from the closing bell. the dow struggling to get back to the highs

host: a quote from the trump organization spokesperson who never enteredny into as a zynga transaction with any of these individuals and the condominium units were owned and sold by third parties, not mr. trump. guest: that is absolutely correct. clandestine, the more the necessity for him to release his tax returns, the supplementals and tell us about partnerships. there are all different parts of how you return your taxes. i can name four forms. and 50, form 71, forms 35 20, 8938 which all give us information about investments, about that, about losses. so that we find out what's really going on. it may be that the president has done nothing wrong. well then let's put it all on the table. what's wrong with that? i gave my taxes in 2012. i did that. i think the president of the united states while not demanded by law should tell the american people where he stands so that when we move the potential of conflicts of interests that it's simply the deal and not something else in the background which is driving it. host: let's hear what mike has to say in vermont. a republican. caller: hel

zynga failed to come up with hits and lagged behind. could fallnap farther than its peers. why?no voting powers and no say on executive pay. if they are unhappy, the only recourse is selling. if snap can rev up user growth and inched towards profitability, their shoulders can - their shareholders can enjoy the likes of facebook and apple. host: there is one feature bloomberg would like to bring to your attention, our interactive tv function. there you can not only watch us live, but see previews, do a deep dive into any security functions that we talk about, and be part of the conversation as well. send us instant messages during the show. this is for bloomberg subscribers only. go>ck it out on tv < whether that's on the hedge fund industry -- why bets on the hedge fund industry fell flat. this is bloomberg. ♪ ♪ with a live audience that is not intimidate you, right? ♪

betty: good to see you. .ichard is zynga in sydney up next, boxed in.ow australia's big city housing price boom is that to keep going. it --th the rba on how keep the rba on hold. haidi: i'm haidi lun in sydney. betty: and i am betty lynn in new york. the rba will make its march rate decision tomorrow. expecting no change among the key concerns for the central bank. bloomberg's emily cadman is in sydney with us with more. have inus, because we hearing about how much prices have risen life is like sydney. how is that affecting the outlook? >> is making it much more difficult to think about cutting rates. in australia at the moment, the economy is growing areas there are pockets of problem. wagetion is low, and growth is anemic. the economy is taking the good and creating the good time jobs you might want to do, but on the other hand prices are soaring, and the risk of household that's continuing to grow is very much in the rba's mind. betty: but what is driving the increasing concern about these rises? are they just going up to high gap go -- hi? >> as y

then there was zynga, the one-time darling of the gaming industry that failed to come up with new hits snap's case, if investors lose hope, the stock could fall faster and further than its. investors have no voting power, no ability to nominate directors, and executive pay. if they are unhappy, the only recourse is selling. if snap can read up user growth and increase profitability, shareholders can enjoy returns the likes of netflix or facebook. selina: let's get more on the snap ipo and rudder tech ipo landscape. joining us from new york is alex barinka. great package. you outlined a lot of investor concerns. if you look at the current numbers, snap's price sales ratio is almost double facebook. on top of that they don't have profitability, it is a new business model, and investors have no voting power. don't you think this is a little too lofty? reporter: this is one of the things that investors are talking about. but when i think about this, i'm starting to think about it in two separate groups. you have people who will want to buy into this deal because they want to get into the s

then there was zynga, the one-time darling of the gaming industry that failed to come up with new hitsompetition. stock couldse, the fall faster and farther than its peers, because investors have no building power, no ability to nominate director, and no say on executive pay. if they are unhappy, they can only sell. if snap can rev up user growth -- user growth, then their shareholders could enjoy returns the lakes of facebook -- likes of facebook, apple or google. shery: a lot of skepticism out there about snapchat. you can find it in the good column, leading the way for other startups. it gives you an insight on what to expect, given that this is an incredible validation for a company that just started making revenue the past two years. , $24 billion,look some of the estimates, i will leave it up to the markets. i am developing an appreciation of the unique advantages that snapchat offers. i know you will give it a test run. shery: not yet. no more social media. [laughter] yousef: we have definitely got a lot to contend with. that is all we have for bloomberg markets: middle east. [i

even though suzanne was so ignored during his life, your zynga wagner being -- jesus as an example. cursed artist of course. the suzanne was like that, also is now on the list of the bipolar people. unknowncourse was an phenomenon even though it existed at the time, he was always up and down. he had a rage in him, in himself. he looked for something all his life, something new that he was looking for. he had such a hard time finding it. when you see the painting of the and he years, he found was this revolutionary artist that influence -- charlie: cubism. daniel: yes and obstruction. it is fascinating that infects his first friend in the meantime who actually was a journalist when he was young. charlie: android about artists. daniel: an interesting art critic. the word impressionists was used to make fun of them. charlie: what is the movie premiere? daniel: march 31 in new york, that goes all over. i hope. charlie: it is a great story. you about these two fascinating characters at the centerpiece. of authenticity to its because they had lives and were real. there are women involved.

announcement that it will leave the eu zynga market in 2019.siness in europe from a single insurer based in the k -- in the u.k. it has already started cutting staff. still ahead, options insight. shares near an all-time high, $274. this is bloomberg. ♪ oliver: this is bloomberg markets. scarlet: time now for options insight with the julie hyman. julie: joining me today is scott bauer at trading advantage. as the market has been moving sideways, volatility has ticks up a little bit. -- has ticked up a little bit. but the volatility is still suppressed. what is the event or the catalyst that is going to make it to back up -- make it tick bak uck up? scott: we seeing tweets coming out of the white house and oil plunging today. i don't know what it is at this point. based on this sideways movement that we have seen since the big rally last week and with the vix up, this is setting the market of for the next move higher in the marketplace. there is so much complacency. there's really no panic to buy protection. that weally signifies are building th

you look at groupon, and the ipo price, zynga is available at one third of the ipo price, it doesn'tit forever. what you don't want to be is one of these people. i bought 300 shares, so lucky i got 125, 126 and 127, the market is flying. you are the market chasing your bid up. basically beating against your self. wait for the moment. ashley: what about this scenario? you get in at 17. you get a lot of faith in this country and you know it will pop big time. how many people get the 17 turnaround right around and sell it at $7 a share. are they allowed to? for retail investors to get in the queue >> one thing i do is 25% have agreed not to sell this stock for a year. but 75% can and my opinion is stock is up 50%, 60%. all bets are off. you want to be a rent to you can be a renter but one thing i will say is institutional memory is long and if goldman or these firms, if you have a reputation of buying at 17 and blowing out 25, you look like a renter. if you are not a good shareholder we want people who are committed to be here to buy the after market. stuart: on a day like this when tec

. >> facebook, how many twitters and zyngas whatever the hell they're called, wall street goes out there i think, they price them so high, these companies should essentially bght out someone else and americanned. >> that is what facebook tried to do. >> facebook doesn't have to do it right now. these other companies. neil: facebook didn't hold a lot of says away from the public. >> think about this, neil. twitter went public at 26, right? they can't do a deal for anything probably more than 13. it is hard to justify doing a take-under like that right now. that is the problem. they should be profitable. neil: why is doing better on the second day? >> it's a facebook phenomenon. >> because nbc universal plowed, invested in the stock. it has been losing money every year for five years in existence. cash burner. neil: maybe something smart by keeping -- can't sell it for a year? >> that's true. neil: that was smart. >> they created demand through scarcity. think about what it is good for? taking naked pictures having them disappear. that is what college kids or millenials. neil: how do you k

highs zynga. >> emsis on the first part. stuart: call me varney.how. >> thank you, stuart. stuart: a lot of people on our production team very upset about dodd-frank, what it is doing to them getting a loan from a bank. >> yeah. stuart: they have had all kind of trouble. you chair the capital markets committee. are you doing something about that this year with dodd-frank. >> yeah. stuart: you are? >> absolutely we have to. it is called the choice act. the choice act is comprehensive response to dodd-frank which most people know was an agenda waiting for a crisis. they junked it up with all kinds of stuff that wasn't even really relevant to what happened in our economy but -- stuart: the way i saw dodd-frank was that you just stick a huge bureaucracy on top of every bank in the country. the worst hit were community bankers. they can't afford all of this it is messing them up. are you removing that huge bureaucracy. >> that is one of the goals to do that. how we do that, to make sure we first and foremost keep our customers and society safe make sure

then there was zynga, that fail to come up with new hits and like behind the competition.s lose hope in management's vision in snap, the stock could fall faster and harder than its peers. investors have no voting power, no ability to nominate directors and no seo executive pay. if they are unhappy, their only recourse is selling. keep inchingan towards probability, investors could enjoy returns the likes of facebook, that x or apple. -- netflix or apple. now, andlex is with me i want to ask you look at more about the voting structure and who might be interested. the way i have heard it talked about is this cannot be -- this is a can't miss ipo, right now. it is a bigger deal. a lot of shares being issued, 200 shares being marketed in this deal and people want to get in and potentially ride the pop. that is not ideal for the company. as this book is being filled and investors are adding in to the sale, which prices tonight, they really want the long-term holders were going to hold onto the stock for a while. for them, that is kind of the second group, the ones who would be

that is just so bad and well let's just say all she wrote became the king of the groupons and the zyngas>> listen, i mean, to their -- i don't know if you want to say credit, they tried. they tried to sell themselves. they thought they had a deal. >> yeah, but they -- >> you had somebody sign an mda, a few of them and some maybe even violated those ndas but then saying things, but they didn't get it done. >> no. >> they didn't get it done. >> because shareholders may not like that price and would threaten to bring down the stock to the acquirers. >> that is true. you and i are speaking in code. >> we work our butts off to get this stuff. >> we do. by the way when it comes to ipo performance last year, twilio, the ones we did have seemingly were priced to really rise sharply. >> george hugh just became the c.o.o. of twilio. i spoke with jeff lawson last week, he's doing fabulously, that's the backbone for uber and netflix and airbnb. but that stock lost a lot of its fizz because it was not able to generate an unbelievable number that you have to do, not unlike what happened with box which