we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's funny. i mean, when i was getting started, you know, with my roommates in college, you never think that you could build this company or anything like that, right? because, i mean--it just--and we were college students, right? >> yeah. >> i mean, we

the biggest payout will be for co-founder mark zuckerberg. he started this company as a 19-year-old harvard student. he's expected to sell just a portion of his shares today for more than a billion dollars if you average out all the shares among the employees here at facebook, the average employee will have shares worth 2.9 million dollars. let that figure sink in for a minute while you sip on that coffee. we asked a text expert who has been watching closely, what he thinks about the staying power? he is impressed. >>> they've got almost a billion eyeballs and in the two years that we've been working closely with their prefered marketing development team, they've definitely matured their understanding of how facebook is going to be a premiere digital marketing experience. i have every confidence in the world, i'm betting my career >> reporter: are you investing? >> that's up to my wife. i'm saying yes. beg, borrow and steal to get as much as we can out of this facebook ipo. we'll see what she says. >> reporter: here are pictures of how future

mark zuckerberg controls the company with more than half the shares. if anyone can do this analysts tell me it's sheryl sandberg. she's the one who ostensibly built the ad business into what it is today. she's proven to do that thus far at facebook. you can't overstate her importance in this ipo. >> poppy, it's so interesting. she could probably have any job she wanted in silicon valley. she could probably be ceo of any company she wanted in silicon valley. do we expect she'll stay at facebook in the long-term. i know some of her compensation is tied to staying there a few more years. >> it is. she's got plenty of money. i doubt it's because of money for her. it's interesting, i was talking to david kirk patrick i saw in the piece, the facebook effect. he knows inside out, knows mark zuckerberg and sheryl sandberg very well. he told me he doesn't believe he would take it public without knowing sheryl sandberg would be by his side for not only a year or two years but a period of time. it's interesting their relationship worked so well as number one and

turns out mark zuckerberg is red/green color-blind. he told antonio vargas that blue is the richest color for me. i can see all of blue. he can't see green, but that doesn't mean he's not turned down a lot of green. four months after the facebook.com launch in 2004, zuckerberg then 20 years old turned down a $10 million offer for the company. that's according to the book "the facebook effect" by kirkpatrick. >> maybe he could take some money and buy new clothes. but did you know mark's famous hoodie hides this secret. >> it's a company hoodie. we print our mission on the inside. >> what? oh, my god, the inside of the hoodie, everybody. take a moment. what is it? making the -- >> making the world more connected. >> they had a conference, and there he was taking off the hoodie. she's like, what's inside? turns out it is the company moto inside. and it is company issued. some people were disappointed. i say generation x and above were disappointed when he went down the road show and was wearing the hoodie. >> the bottom line is, you know

mark zuckerberg, instantly wealthy. the 29th most wealthy person in the world, surpassing the google founders. 503 million shares. facebook is not yet trading. typically you see the ipo " live around 8:00 a.m.. clearly wall street is very interested in this story. yahoo also provided a big surge after all things digital reported. could be worth several billion dollars for yahoo which could then use that money to buy back shares and help their stocks rally which has languished for several years. also h-p, sun reports yesterday laid off between 25,035 thousand employees. the stock market reacted somewhat positively to that news as hewlett-packard is pretty flat right now. the market itself right now, the facebook anticipation driving it a little bit of a huge concerns in europe that are straining that. right now the dow up by 16 points. the nasdaq down by one and the s&p up by three. a couple of companies reporting earnings. yahoo right now gaining 5%. back to you guys. >> have a great weekend. >> the social media giant f

. >>> dollar signs the new friends of mark zuckerberg and company. ipo means facebook is worth 112 billion dollars. more than amazon.com and disney. amy hollyfield joins us from facebook headquarters. >> reporter: mark zuckerberg has the status update that all of us can only dream about he became a billionaire today here in an enthusiastic menlo park. mark zuckerberg rang the nasdaq opening bell remotely from his menlo park headquarters this morning in his trademark hooded sweatshirt. fellow workers say it was the perfect wardrobe choice. >> i think it is great. why change a thing it has worked so far. >> reporter: the big moment treated a lot of excitement in menlo park with even the mayor paying a visit to the headquarters. she leaves this moment will put her city on the map. >> i think we'll have new people who will be shopping at the shops and downtown area i think it helps the whole area. >> reporter: facebook employees celebrated behind closed doors. pictures of the all-nighter they pulled released by facebook no news crews were allowed in. the

. >>> dollar signs the new friends of mark zuckerberg and company. ipo means facebook is worth 112 billion dollars. more than amazon.com and disney. amy hollyfield joins us from facebook headquarters. >> reporter: mark zuckerberg has the status update that all of us can only dream about he became a billionaire today here in an enthusiastic menlo park. mark zuckerberg rang the nasdaq opening bell remotely from his menlo park headquarters this morning in his trademark hooded sweatshirt. fellow workers say it was the perfect wardrobe choice. >> i think it is great. why change a thing it has worked so far. >> reporter: the big moment treated a lot of excitement in menlo park with even the mayor paying a visit to the headquarters. she leaves this moment will put her city on the map. >> i think we'll have new people who will be shopping at the shops and downtown area i think it helps the whole area. >> reporter: facebook employees celebrated behind closed doors. pictures of the all-nighter they pulled released by facebook no news crews were allowed in. the

mark zuckerberg expect to speak. we e, as well.aw well. [ male announcer ] olympic tennis players bob and mike bryan do a lot of sending... and receiving. sending...and receiving. sending...and receiving. sending...and receiving. sending...and receiving. [ bob ] i got the tickets. [ male announcer ] and with citibank popmoney, it's even easier to keep sending...and receiving. let me get you back. no, it's on me. i insist. no way. yes way. well let me chip in. [ male announcer ] send money from one bank account to another, with citibank popmoney. easier banking. every step of the way. >>> welcome back, everyone. and a good friday morning to you. our chopper flying high over facebook headquarters this morning where we are really seeing the crowds gather there. that's because they're going to ring the opening bell remotely this morning as facebook finally ipo, set at $38, mark zuckerberg expected to speak. we'll have the greatest, latest coverage at 6:15 right now. >>> and one of the bay area's most popular events is ta

>> today we seem to be obsessed with mark zuckerberg. the average quality of the manager in the campaign, your boss, is more important than the quality of the ceo. and this is something that google has figured out to a large degree in recent years. they have done a study, and they figured out that there were certain -- first line managers. mostly in engineers having a huge effect on the productivity of the employees. and they use, well, who is forcing out the top 10% of the employees. they have gone through the process. and certainly, larry and sergei matter. but facebook they have figured it out too. >> how do you know that? >> well, the way that i know, the book i'm working on now, on skating excellence, we have done interviews with facebook engineers come to class and do interviews over there. and they have a boot camp -- this is just in engineers. but the company is 75% engineers or so. they don't know what position they are going to take. say you go through six weeks of sort of learning the facebook way of thinking and doing stuff.

. >>> coming up next, what mark zuckerberg's hoodie is really telling wall street. is it a sign of immaturity or a change in the times? >>> and they serve their country but now they're struggling to pay the bills. the financial challenges many veterans are battling next. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the new 360 investing dashboard at e-trade. >>> facebook is set to go public this week in what could be the biggest ipo in history. investors and fans are all abuzz but should you buy facebook shares? maybe the better question is can you even buy facebook? suits, meet the hoodie. facebook's mark zuckerberg gets rock star treatm

mark zuckerberg ringing that bell. but the feeling felt out there on the nasdaq live from time square. look, they're even flashing shots of what's happening getting ready for the party from the west coast it's going to be a big one. >> we actually hope to hear from mark zuckerberg this

what is mark zuckerberg going through right now? what do you make of the ipo as it gets ready to trade tomorrow? >> well, and i think back to my experience when i helped lead then the biggest ipo in u.s. history, lucent technologies from at&t. and what is going on right now in mark's life is an incredible amount of excitement frenetic activity, and a huge set of expectations. so i think you've been talking about what is the fundamental question about facebook. can it possibly live up to the very high expectations. i would argue in the short-term probably not, but on the other hand, i don't think he should be focused on the short-term. and in the long-term, probably so. and so i think the key now is for mark and his board to remain focused on their long-term vision to be as transparent as possible about how they mark progress towards achievement of their goals, and to give shareholders regular updates on how are they doing on monetizing all of that advertising potential. and how is their strategy going on mobile apps. >> what is the

. >>> in less than a half hour mark zuckerberg will ring the opening bell. ktvu alex savidge is in menlo park with the largest initial public offering in tech history. >> reporter: at the end of its first day as a publicly traded company facebook could be worth $100 billion. the company staying quiet this morning ahead of the historic ipo. as you take a look behind us here the parking lot is full. anticipation is building here for facebook's market debut. a lot of activity here. ceo mark zuckerberg will be ringing the opening bell remotely later on in the morning. many employees here have been here all night. they spent the night doing something called a hack-a-thon where they write code throughout the fight. these employees are free to work on new projects. it's an effort to show investors that the company is committed to developing the new products. zuckerberg talked to employees and answered their questions. this ipo will make instand millionaires of about 1,000 of those employees. many wondering how high it may go. we pose that question to the director o

the ceo status read " mark zuckerberg listed a company on nasdaq ". as of last checked the company had 400 likes. >> facebook employees joined him in the celebration this morning at the company's headquarters and to continue live team coverage with ann mackovic in menlo park. what is the mood like outside of the campus? >> it is actually pretty chill, there has been no announcements or public statements from anyone who works here at facebook and have kept a tight on the media coverage. but we know that employees can to work early to celebrate this ipo. >> the nasdaq opening bell rang at 6:30 a.m.. mark zuckerberg did the honors from facebook headquarters about 200 employees looked on, gathering in the menlo park campus as seen from chopper 25. and as cop worth of mark zuckerberg would soar to $90 billion, many of his employees became millionaires this morning as well. >> it is fun and exciting. he can take a picture of the facebook sign today, knows what it is like for facebook employees. he works for linked in which went public last year. >> it was a

mark zuckerberg's name is never on a cap table. that's unlike virtually any other executive founder certainly in silicon valley. it shows me that he's laser focused on growing this business. and the second is, you know, i read yesterday about mark's influence in bing's redesign, integrating social into the search. he participates in the hackathons on facebook. it shows me he understands the product and where it's going. very different from yahoo! and other businesses that are available to investors. >> craig, thank you so much. it's interesting to me the one -- go ahead, ned. >> one comment. craig, i don't know if you were there or not. i know another inventor, and i would call mark an inventor. another inventor many years ago got laser vision on one particular product and drove the company right into the ground. that was something called dr. lamb back in polaroid when he came back with a polaroid camera. amazingly he's right. he drove that company into the ground because he spent so much on the product and couldn't make it work. >

mark zuckerberg will get the biggest payout. he started facebook as a 19-year-old harvard university student. his average employs today will have shares worth 2.9 million dollars. we asked a tech expert in morning what he thinks about the company's staying power? he tells us, he's impressed. >> they've got almost a billion eyeballs in the two years that we've been working very closely with their prefered marketing develop routine they've definitely matured their understanding of how facebook is going to be a premiere digital marketing experience. i have every confidence in the world, i'm betting my career on it. >> reporter: here are pictures of what was happening overnight. they had an all-night hack-a-thon that's when employees do coding, they work on some project other than what they do everyday. there was a deejay and red bull to fuel the night. they say this is how they celebrate. today's ipo will make facebook larger than many big companies disney, ford, mcdonald's and mark zuckerberg will be ringinging that opening bell a

how mark zuckerberg new wife went incognito to buy her wedding dress. >> and where she bought address. the first incredible images from outer space. we'll tell you what this video is showing. it will not believe that. >> looking nice outside, lots of sunshine and wind is kicking up, of the >> beer summit you have never seen it before. nasa capture these pictures of the sun's surface. a nasa admits there is no scientific value to the images but they are pretty cool to look at. >> pretty neat. no one more fascinated >> i am loving those shots and love in the weather we have been having. the wind is not that. transitioning into the summer. they're going to be whipping around the bay area. high-pressure trying to get in here but unfortunately not until the weekend so we have a few things to worry about if you are headed out. we could actually see some snow up here in the sierra nevada. that is sierra at all with the wind is blowing around but they could see a couple of snow flakes later on tonight and into tomorrow. we have a chance of some snow there. luckily we are talking about sunny s

the personality of mark zuckerberg. he has really worked at this. part of the reason he had to do the buzzer ringing in men low park is because he was up late hacking, not hacking in people's files but he's a real programming kind of geek. he wants to tweak this and refine it and make it better. >> he said very clearly in the ipo prospectus, the most important thing to me is facebook's social mission. the business supports that. that's haircy on wall street. they want to hear i'm all shareholder. facebook changed the world. that is his primary mission. any shareholder has to be aware of that. >> didn't he say we're here to make money to make more money for the business? >> that's right. in his view, the business supports the product. most companies say we sell products to make money. to mark zuckerberg's huge credit, this is great for america and the economy. and if more of our corporations thought this way, that in fact the real focus of the company should be the products and the customers opposed to the shareholders, this economy would be much bet

>> mark zuckerberg. >> what would you like to be identified? >> owner and ceo. >> reporter: how did the company start? >> it didn't start as a company, i was a sophomore and harvard -- i never been really been asked how to company was started before. >> how did facebook start. >> i'm a little embarrassed. >> we do the sight as sort of an inspection directory, so you're better informed about what's going on around you. >> like bill gates and steve jobs before him, mark zuckerberg is one of those rare ceos whose pioneering -- >> in private, i think mark is a pretty entertaining engaging fellow who's got a lot of friends. >> author of the best selling book "the facebook effect." >> i think he's more private than he is in public. he would been on a stage, he would be mostly sitting at a computer coding because that's what he loves to do. >> do you see facebook as your dream job or a stepping tone to something else. >> i don't think know what my dream job would b but this is pretty cool. >> notice the newspapers on the desk. it was only six years ag

it's hard to move into health care. >>> you the next mark zuckerberg. >> no, but the next mark zuckerberg will come through rock health absolutely. >> congrts and we will see you soon. >> thank you very much. >> it's time to reveal the winner of the call the close contest. drumroll, please. and the winner is, mark chung from new york city meat the closest call, two cents off of facebook's close at 38.23. thank you to everybody who participated. thank you very much for that. sticker shock at the podium. college graduates face student debt and my observation on the cost of higher education next. paying tribute to a punk robt tribute what would have been his 61st birthday tomorrow. tribute what would have been his 61st birthday tomorrow. ow. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. and then treats day after day... well, shoot, that's like checking on your burgers after they're burn

this is a bet on mark zuckerberg, period. i think most investors sort of generally have an illusion of control that they don't actually have with most companies. in this case, there's no illusion. he has 57% of the voting control. so anything he wants to do, he can do. you can scream. but that's it. as long as he listens your screaming and blow it off, they'll be fine. >> most retail investors are used to the idea, you're just betting on the success of the company. >> it's not really that different. i think to sort of bolster mark zuckerberg's view of this, he's seen a lot of companies ruined by ceos making short-term short-cuts to please wall street, by boost earnings, by firing people and cutting investment. he said, i don't want to ever be forced to have to do that. if you buy into the long-term vision, this could work out very well for you. >> henry, good to see you, as always.

>> yes, it is mark zuckerberg. >> what is your title? >> founder and ceo. >> our producer had to ask the most basic questions. >> how did the company start? >> it cannot start as a company. i was a sophomore at harvard. and i guess that about i have never really been asked how the company was started. >> how did facebook start? >> now i am embarrassed ... you would think that i would have been asked that. >> speaking was he may have been rough around the edges but it was clear he had a laser light focused of what he wanted facebook to become. >> we view the site as an information directly. it helps you better understand what is going on around you. and once you're better informed about the people around you, you are in a better position to meet people, connect with these people. >> like bill gates and steve jobs before him, he is one of those rare ceo who has pioneering accomplishments, same, and persona, making it him a captivating figure. >> in private he is an entertaining and engaging fellow who is funny, as a lot of friends, i do no

mark zuckerberg rang that opening bell. >>> good morning. welcome back. >> it is friday. it's may 18th. well, shares of facebook are scheduled to start trading right now. now, the initial public offering price is $38. we're looking at its price now at $43, but the stock is really expected to really have a bang today. alex savage has been at the company's headquarters, at facebook, as it's going public. you've been out there since early this morning. what is it like out there now, alex? >> reporter: if you think there's a big celebration going on inside facebook headquarters here behind me this morning, well, you night want to think again. a representative from facebook just told me a couple of minutes ago off camera, she says it is really and truly business as usual inside, even on the day of the company's historic ipo. by the end of the trading day today, facebook is expected to be worth more than $100 billion. and this was the scene, 6:30 this morning, as facebook officially went public, a major celebration on the facebook campus here in m

mark zuckerberg's big sister just ahead. >> and that's my brother too. we're looking at 580 as we travel through livermore and a smooth drive. we're watching a couple of accidents changing the situation in the north bay. >>> and this is a live look outside. beautiful all lit up at the embarcadero in san francisco this morning. friday forecast coming up as well as the weekend. all right. can taste it. >> just so much. feel the magic. and it is facebook friday. but life does roll on in other areas, that includes the roads. mike here to talk about what's happening outside. >> first of all, with all that facebook activity, we're going to warn folks around the dumbarton bridge, watch for a lot of activity and a lot of gawkers, but the activity will be on the campus, likely. we're covering the whole thing. we're looking here northbound 29 in the north bay. an update from chp, the accident at 221, they've shut down your right lane. as you're getting over to the ferry area, because of this accident and the reports are that vehicles are "coming in hot," that mean

on mark zuckerberg's facebook page, he posted his announcement about the marriage. it had 700 times more likes than his announcement of the facebook ipo. if that's any indication how people are reacting to this news. >> all right. thanks a lot. >> polices in chicago say they discovered and stopped a terrorist plot connected to the nato summit planned for tomorrow. president obama and the first lady landed in chicago tonight several hours earlier, police arrested three men accuses of planning to attack the president's campaign headquarters as well as mayor rahm emanuel's home and other targets. they appeared in a federal courtroom today. defense lawyers for the suspects claim the charges are trumped up to frighten the protesters. >> this is an extremely sensationalized allegation and this is exactly what we anticipate from law enforcement and from various levels of government before national special security events. >> prosecutors say the men are self-described anarchists who boasted earlier about the damage they would do in chicago. >> firefighters battling a wareho

mark zuckerberg opening the nasdaq this morning around 9:30. the stogs o stock was expected to start trading publicly at 11:00 a.m., but there was a pushback for the trading volume. didn't get started till about 11:30. coming to the marketplace at $38. right now it's trading above that price. now it's to the public domain. that's going to wrap things up for me today. have a great weekend everybody. i'm going to see you back here on monday 11:00 a.m. eastern. we'll watch for that big ruling on the health care law from the supreme court and until then, follow me on. now with alex wagner coming up next and they're going to be talking about the wonder boy himself, mark zuckerberg. ♪ surf's up everybody get your boards and your wetsuits ♪ free-credit-score-dot-com's gonna direct you ♪ ♪ to check your credit score before it gets too late ♪ ♪ and you end up strapped for cash ♪ ♪ patching your board with duct tape ♪ ♪ so hit free-credit-score-dot-com ♪ ♪ find out what credit's about ♪ ♪ or else you could be headed for a cred

facebook founder mark zuckerberg, as one writer put it today, going from ipo to "i do." a day after his social networking empire went public, zuckerberg surprised even his closest friends marrying his longtime girlfriend at their northern california home. but the biggest surprise of all might be what he wore to the wedding. here's nbc's mike taibbi. >> reporter: mark zuckerberg didn't wear a hoodie, just a nice dark suit. the understated event at his palo alto home was still an unconventional surprise. the 100 or so invited guests thought they were going to a party celebrating chan's graduation from medical school. >> it's definitely outside the box. which seems actually pretty characteristic. that's good. that's silicon valley. >> reporter: in silicon valley and beyond, the reaction was monumental. word spread that zuckerberg's relationship status had changed just after 6:00 p.m. pacific time saturday. within three hours of posting this photo on his own facebook page, over 400,000 friends liked the news. congrats, zuck. big day, big week, one wrote. another simple comme

yesterday, mark zuckerberg made facebook public. >> a lot of people talking about brilliant mark zuckerberg in getting the i.p.o.. she is the smartest woman around. seriously. is a lot going on in sports, a lot of underdogs. with us. one d.c. team is on fire right and it is not do you think. ♪ [ kari ] i used to serve my country in the u.s. army. ♪ then, i was hit by a drunk driver and lost my legs. but that didn't change a ththi. because i still serve my country, i just wear a different uniform. [ male announcer ] citi is joining kari miller to give back to the paparalymc military & veterans program. join the movement at citi.com/everystep and help citi help u.s. athletes make a difference. together, every step of the way. >> the toyota sports desk, brought to you by your local toyota dealers. moving you forward. >> horse racing has not been since 2008. is the last time a horse both the derby and preakness. years since a horse accomplished all three. take a looknother -- for yourself. >> he makes his move on the outside. a dramatic preakness. >> i love the announcers. another is four f

. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a last resort for critically overweight teens whose lives may hang in the balance. in a country where nearly one in three kids is overweight or obese, they are not alone. and the road to health is a difficult one indeed. abc's juju chang was invited inside to meet three teens with the courage to make a change. >> let's go. >> jenna weighs 240 pounds, a morbidly obese teenage, she's already diabetic and even has trouble walking. >> i see it as fat. >> reporter: she says she was struggling and being taunted. >> being called a white whale, hippo pot mus and many other names. >> re

mark zuckerberg rang the opening bell for trading on friday. the problems with order cancellations interfered with the initial public offering process and causing the delay. facebook and began trading at 8:32 a.m. pacific time at $38 per share and went as high as $45 but ended the day at $38.23, a gain of six tenths of 1%. one analyst says that facebook is attracted to large and small investors. >> certainly a lot of retailers also i think a lot of big institutional investors will look at it as a quartet holding >> after the problems of friday, nasdaq says they plan on making changes to the process and also the sec says they are investigating. we have to say it was a big weekend for facebook founder mark zuckerberg. on saturday he married his longtime girlfriend. a ceremony in the backyard of their home in palo alto. the guests thought they would be attending a graduation party for his wife but instead it was the wedding and of mark zuckerberg actually wore a suit, not a hooded sweatshirt. >> it is the no. 2 of the nato summit in chicago. today

mark zuckerberg is about to get richer at the age of 28. he celebrated his birthday this week. >> gosh, okay, i'm glad this isn't live. >> reporter: it was 2006, about two years after launching facebook from his harvard dorm, a nervous and camera-shy mark zuckerberg -- >> sorry, can i start that a different way? i'm so not on today. >> reporter: sits down for a cnn interview. >> can you just say your name and appropriation announce it is so nobody messes it up a and they have it on tape. >> sure, it's mark zuckerberg. >> reporter: how would you like to be roufd, your tight approximately. >> found aer and ceo. >> he was so unknown, our producers had to ask the most basic question ps. >> how did the company start? >> well, it didn't start as a company. afs sophomore at harvard. i've never really been asked how the company was started before. >> reporter: how did facebook start? >> now i'm all embarrassed. you would think i would have been asked that like a ton of times. >> reporter: speaking-wise he may have been rough around the edges but ev

the ceo mark zuckerberg inside. last night he answered questions from employees ahead of the ipo to give them a sense of what is going to take place. hack-a-thon is a way to develop new ideas. i want to bring in justin. give highway sense of why they are holding this hack-a-thon. what is the goal? >> i'm sure it's to keep people focused and calm and carry on. but let's be honest there is probably a party in there. >> reporter: what happens after they ring the opening bell remotely here? what does that scene look like? >> i'm sure there will be a lot of cheering, a lot of excitement. you have a substantial amount of people that will come into their own wealth. they can be anything but an amazing time. >> reporter: what happens to the stock? after the hoopla today where do you see it going? >> a lot of text docks after they go have a little peer. but we know they are seeing incredible results. the investments will pour in and over time the stock will do very, very well. >> reporter: priced at $38 a share. we'll see wh

we know how much mark zuckerberg spent on the dress. >> $4,700. that is what investors really -- >> or more if they wait in cash in on the shares. there was a lg list of other people that re blamed. includinthe other banks in the deal -- j.p. morganhase. it caught my attentition when everyone was outlining the way jamie dimon was distracted from his $2 billion messp. he proudly displayed a suit he had custom made to look like a hoie justo kiss the ring of mark zuckerberg. >> this is part ofof the huge proboblem. the hype associated with this ipo undermined the i ipo itself. what is going to happen to the backlogf companies that are also looki for an ipo after having followed facebook's model? >> manyaving to repay stockholrs because it gotoo high. a marand resident --- >> exactly. it is like christmas in july y for the new york stock exchange. >> one o of the other things that caught our atttion this ek was friday's "walltreet journal. much of it preredicated on the proble that chinana has been the savior of economic groth and is now faltering. th

so far from mark zuckerberg. hey, mark, how about a status update for investors? we'll debate. does he need to cut his honeymoon short, come out and say something about the stock price? >> nobody said being the boss was easy. but lately the c suite feels more like a sorter for many ceos. the result of our street poll and who's having the worst month ever. ever. we have product x and we have product y. we are going to start with product x. the only thing i'll let you know is that it is an, affordable product. oh, i like that. let's move on to product y, which is a far more expensive product. whoaaa. i don't care for that at all. yuck. you picked x and it was geico car insurance and y was the competitor. is that something you would pay for year after year? i, i like soda a lot but for a change of pace... or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in new credit to small businesses ac

as if on cue, a star of the show mark zuckerberg and his entourage arrived in a caravan. one potential investor described the ceo like this. >> he was, and collected it with great body language and he seems like a humble guy >> humble for someone with a net worth of $17 billion. unlike last week he left his hooded sweatshirt in the closet. with the initial ipo thought to be one week away this road show is a chance for fund managers and major investors to meet with zuckerberg and gauge the value of his company. >> i think people believe it is a real business but are trying to figure out what it is worth so we will make that decision >> one factor weighing on minds is the $1 billion zuckerberg paid for instagram >> i think mark is a visionary and i think whatever he felt was in the best interest for him to do with his decision >> investors also had questions about the long-term profitability for facebook as well as mark zuckerberg ability to function as ceo of a publicly traded company. >> president obama's campaign is already capitalizing on his decision to come out for ga

in advance of facebook's initial public offering, ceo mark zuckerberg has been traveling the country meeting with investors. we'll discuss how his road show is going over but first robin takes a look at how the ipo could affect silicon valley's economy. >> more electric cars like this nissan leaf may roll out of board walk auto center after environmentally conscious facebook millionaires cash in their stock. the auto dealer is counting on it. >> we have been doing marketing to facebook for months now to increase interest and get board walk's name in front of the facebook employees in anticipation of the ipo. >> it's not just cars. the ipo hype has been driving the local real estate market into a frenzy. kold well banker vice president mike james says the pending ipo as well as wealthy buyers from other high tech companies is driving up prices in communities near the facebook campus. >> about 20% is what most people are calling, but it's a day-to-day event because there are still multiple offers on every house pretty much in palo alto. >> and higher home prices mean higher property ta