what is facebook's approach to solving local news? >> for me the "washington post" is local news because i grew up here and i read it and remember what it felt like to have local news when our high school team would be mentioned. that feeling of local news is so important. it's important to me. i have a lot of local news i care about. it is important to facebook. it's not just a little team that cares about news. facebook's core mission is community and building community. and local news is one of the most important ways you can actually build community. we've seen people come together around local news in a way that i think it would be devastating if it were somehow lost. the whole reason we're here is we know what peril it's in. it's also important for democracy. we have a responsibility and we've increasingly worked on our investments in helping build a stronger democracy. but the last reason is it's an unmet need. we just know we can be helpful. ic talk about some of the specifics. >> you're not handing money to publishers. there'

we start with facebook. it's continuing to grow — to make more money — and to attract more users despite ongoing concerns about privacy on its platforms. facebook says revenues were just over $15 billion in the three months to march, that's a jump of 26% on this time last year and better than wall street was expecting. it's benefiting from a surge in advertising spending on the platform, and a growth in instagram. but it's warning it could face a hit of up to $5 billion as it settles us investigations into its handling of users‘ data after the cambridge analytica scandal. it's already spent $3 billion in legal expenses this quarter. those privacy concerns clearly aren't putting people off facebook, the number of people using it at least once a month is 2.38 billion, up 8% on this time last year. more than 1.5 billion people log on every day. facebook shares slumped lastjuly when it reported disappointing revenue numbers and warned user growth was slowing. investors wiped $120 billion off its market val

messages during an election isn't facebook itself affecting the outcome of the election. i couldn't agree with you more especially in a country like india with three hundred million users and facebook is a big political tool probably a lot bigger than here in the united states and they make that decision as a site to decide here who's going to get bad and who is going to be able to stay who's going to be deemed to be hate speech and hateful but to what extent taking their side for a second there they've instituted ways of identifying the people who post these ads many of the removed ads in india's election for instance supposedly are linked to india's opposition congress and sums to the pakistani military and then they they falsely you know they portray themselves as somebody else so at least they're taking steps they say and we have to go on their word to identify these people who are lying and pull the ads out and you know if it's going to work i don't know but you're right when they're in charge of the candy store they get this they get to decide what's on the candy st

this was the beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities as stanford universe. city you had two students larry page and sergey brin decide they wanted to create the ultimate search engine for the internet across the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i didn't just college students or i didn't matter just building stuff because we thought it was cool it was all about the promise it was all about the shiny future was all about the free flow of information but there was also a certain idealism behind it i think that a company like google we have the potential to make very big differences many big positive differences in the world and i think we also have an obligation as a consequ

facebook this morning. it's defending itself against accusations of political bias an article posted monday on the tech news site gizmodo said facebook workers suppressed conservative leaning news stories in its trending section and that creates a terrible dynamic when it comes to the consumption of information and news because it leads us to only see the world in a very very small and narrow way it makes us easier to control and easier to be manipulate. the. i think what's so troubling about google and facebook is you don't know what you don't know and while the internet provides a lot of openness in the sense that you have access to all this information the fact of the matter is you have basically two gatekeepers facebook and google which control what we have access to news organizations have to be prepared that their home pages are less important people are using. they're using twitter as their own those. are their portals world of information google and facebook started out as internet companies and it

election on facebook so you have to believe it is an attractive target on facebook. emily: bloomberg is reporting that facebook is settling with the ftc does not include the ongoing investigations happening with the states and that in total, this whole ftc probe could cost facebook $5 billion. so, more than that $3 billion they are now setting aside. your reaction? $5 billion is a lot of money. debra: yes, it is. and to david's point earlier, there could be additional settlements in europe and other places outside the u.s. this is something facebook is going to be dealing with. over the course of this year and perhaps even into next year. we are going to be seeing a lot of changes in the way facebook will need to operate. that could potentially lead to changes in the way marketers use facebook. and the way people use facebook and the way facebook is perceived around the world. emily: amazon also reported first-quarter results with investors focusing on profit growth, advertising, and the cloud. here is some early reaction. after amazon posted earnings this week. >> w

amazon, facebook, google, and so forth. but frankly if you look a little more carefully, you look at industries like the airline industry, if you look at cable television, if you look at more obscure industries like fertilizer, more and more global and american industries are dominated either by a single mon op list or an olfwarky of three or four, sometimes five players. and we are in the period of concentration which is unprecedented since the last guilded age. and that's one of the motivations for me in writing this book was to explore the fact that we are back in some ways from where we came. >> in your book the curse of bigness you write that we are four decades into major political and an economic experiment. what do you mean by that? guilded age, irst as a reaction to the first guilded age, i should say, driven by men like louis brand yice theodore roosevelt, woodrow wilson, other figures, the united states adopted the policy of breaking the largest companies into pieces, the anti-trust movement and the anti-trust la

investigates the links between the us government and facebook as the social media giant introduces its new general counsel a legal advisor at the u.s. state department. has a register called kill. the rich kill. and a high profile german bodyguard reveals why it's so difficult to deal with the clans making berlin a hotbed of ethnic crime. a very warm welcome to the program from all of us here at r t h q in moscow thanks for joining us this hour. breaking news this hour anticipation is growing over the upcoming talks between vladimir putin and kim jong un the kremlin has confirmed it will take place in the city of laudable stock in russia's far east this thursday moscow n.p.r. news had been keeping the details of the first ever meeting between the russian and north korean leader secret citing security concerns. a lot of us talk following the preparations. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of vladivostok is covered in fog which is i guess a perfect display a perfect reflection of all the

on facebook the irish privacy regulators just today announcing that they are looking into facebook's potential violations canada's privacy commissioner hosting a press conference about its investigation today into facebook, what it calls the company's major shortcomings when it comes to privacy reform. the commissioner saying that regulators need stronger sanctioning power including the ability to levy meaningful fines on facebook. this comes as senator elizabeth warren tweeted about facebook saying fines like this won't stop them from breaking the law and violating our privacy again, it will take big structural change, #bringup big tech. zuckerberg has said he welcomes regulation and they are working with regulators all around the world, but worth noting he doesn't want anyone breaking up his company. back to you. >> julia, thank you. facebook of course key future this morning, certainly a positive response. let's stick with the name and bring in mark thand john thanks for being with us mark, i'll start with you. anything negative to say about the quarter? >> well, yeah, growth is s

facebook never has. facebook could very, very easily start to face major legal problems too. there are certainly legal problems underway. none of them have resulted in massive fines yet. zuckerberg has begun to adopt this idea of this language of having a privacy-focused vision, which is nice. he better start delivering on it. if i can mention one thing that could happen, there is a possibility in the u.k. that new laws may begin to be imposed that no one under 18 can have any data gathered about them or be targeted in any way for digital advertising. if that happens, that is going to be a huge cost because these companies don't really have an ability to differentiate between who is above and below 18 in many cases, so there are very complex issues that wall street seems to be more or less disregarding. emily: europe has been out front on tech regulation and tech companies than the u.s. has thus far, but speaking to the privacy pivot, zuckerberg did mention that in the earnings release, saying they are focused on building out privacy focus visions. working collaboratively aro

the links between the us government and facebook has the social media giant. general counsel a legal advisor. disease and. if they have that they're ready to shoot. high profile german god reveals why it's so difficult to deal with the clowns making. crime. international i'm daniel hawkins wrote you are right thanks for joining us on the program. i want to support is growing over the upcoming summit between vladimir putin and kim which the kremlin has confirmed will take place in the russian city of light of all stock. so. the north korean state media reported that the country's leaders set off from pyongyang for russia's far east in the early hours of wednesday morning. news traveling by private train north korean leader left to a great deal of pomp and found arrival a lot of us talk later on wednesday artie's who was in the city for us ahead of the first ever summit between president putin and chairman kim. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of vladivostok is

health sector with danielle shay she's the director operators over at simpler trading and once again facebook is under fire this time on the other side of the globe as a social media giant role in the indian election is now coming under scrutiny conservative t.v. and radio commentator steve molesworth and archie producer of bridgeable or dive into the details and tell us what this means for the world's largest democracy all that straight ahead but first let's do some headlines. let's start here a demean outlook for a fracturing world market in twenty one thousand so the world trade organization significantly downgrades their regular forecast on growth in global trade the latest trade in statistics outlook at lowers their expectations for global trade growth this year predicting two point six percent growth for twenty nineteen that's down from the previous forecast of three point seven. in a statement w t o director general referred to us of a toe he cited familiar international trade tensions for the revision by the same token the w t o set of problems resolution of those fights could remove

adults in america spend about 17% of their time on facebook. that is about one-fifth less than two years earlier, according to pivotal research. facebook will be regulated by governments in europe and likely here as well. roger mcnamee's new book "zucked," which just came out, discusses using antitrust laws to actually break facebook into pieces. facebook will probably experience the hobbling of its business swagger that microsoft experienced 20 years ago. i understand now, some people now are embarrassed to work there. it will be harder to track and retain talent, and this will create opportunities for new entrants. so we have an opportunity today through our choices to select and shape the news platforms of tomorrow. there is apple news, an aggregation service which already reaches 90 million readers every month. flipboard quietly chugs along. it has 145 million readers a month. reddit last year had 330 million monthly users, putting it above at or above the level of twitter. interestingly, in the case of reddit, it is human moderation rather

now. >> we continue to watch facebook shares, high for the year, $177.96. we're about a buck away from that and we said they continue to do better overall. >> facebook if you go back to last year, the highway what, about $220 you have some head room but it's a stubborn bid for the overall market and these kinds of stocks are emblematic of the fact people just want exposure to the big, obvious stuff >> a couple days now, it's hard-pressed to get far away from the flatline. >> it has. >> is that because we're waiting buy nary outcomes? >> the jobs and that has to end. we will see where it ends up >> jobs report tomorrow and next week we get some of the earnings. >> and look for tesla in court obviously and president and vice premier. let's get to the judge carl, thanks, scott wapner we're on high watch, stocks trying to edge closer to new territory. is it time to believe a china deal is close? what would that really mean to the larally if one is? it's 12:00 noon and this is the halftime report. >>> market mover, a pivotal day in the trade deal with the u.s. a

facebook's world is all about facebook. all the stories in the last few weeks tell you again and again and again that facebook has only one incentive, to look out for facebook user. users are just pawns. emily: you deleted your facebook, but still use instagram. om: once or twice a month. emily: do you think instagram or whatsapp can be the hope for facebook, the future? om: i see what is happening at instagram, and they are becoming more facebook-like, so it is only a matter of time before i delete that account. emily: all right. om, if you could predict where facebook is next year, what do you predict? om: right here. we are all complaining about their actions. they are still making money. we should do something about it. emily: i should correct myself earlier, jennifer newstead is credited with writing parts of the patriot act, not john pinette. it will be interesting to see how both new hires work out for facebook. obviously, we have seen a lot of executive turnover. two new players on the chessboard. true ventures part

facebook's data. facebook says the documents were cherry picked from a court case involving a little known start-up writing, the sets of documents by design tells only one side of the story and omits important context. we still stand by the platform changes we made in 2014, 2015. facebook has made a greater push to address privacy issues, like the data of 87 million users that was improperly shared with political consulting firm cambridge analytica. it put zuckerberg on the hot seat on capitol hill. >> it was my mistake and i'm sorry. i started facebook, i run it and at the end of the day i'm responsible for what happens here. >> reporter: still, some say facebook's past attempts to trade and sell user data raise more questions. >>> the opening bell there of the new york stock exchange right now the dow is up 39 points and a lot of investors are talking these days. stock rate is higher today as corporate earning season kicks into full gear. now that april 15th is in the rear view, we're getting insigh

so i don't think facebook is really succeeded on the merits. i think facebook succeeded by accumulating enormous amounts of data and by buying up its greatest competitors, and i think it could stand a little more competition. so i don't think this is a simple story of just companies winning on their merits. i think we have, there's been too much of a sort of free pass on antitrust law for some of the tech companies, and it's time to take a serious look and horse them to face the same can of rules that apply to other companies. >> host: and amazon and google also bought several companies between them, correct? >> guest: yes, that's right. if i'm not mistaken, facebook has 73 acquisitions unchalleng unchallenged, but if i'm not -- amazon has over 90. they bought diapers.com which at one point was a series competitor, also that you company, zap bows, if i get the name right. they have a whole bunch of acquisitions as well. google has over 200 acquisitions. the case is little harder, i'll be straight with you, on amazon and google. i think they als

the questions are being raised over the growing links between facebook and the u.s. government that as the social media giant announced it's hiring the u.s. state department's legal advisor as its own general counsel and vice president of communications the company says jennifer newsted will oversee facebook's global legal functions or news that has had a long career in u.s. government service with both the state and justice departments she was part of the team which drafted the controversial patriot act expanding government surveillance powers after the nine eleven attacks. and your appointment comes amid unprecedented pressure on facebook to tackle the spread of misinformation and fake news on its platform r.t.c. was not off takes a closer look at the fact checking and fears over its trustworthiness. for the past two years facebook has been trying to convince the public it is taking a stand against fake news the program has been battered by controversies from criticism over how it's implemented to claims the impact it makes is little to none so how does facebook fa

off the investigates the links between the us government and facebook as the social media giant introduces its general counsel the legal adviser of the us state department. if they have a they're ready to shoot you and a high profile german bodyguard reveals why it's so difficult to deal with the plans making berg. joining us this is r.t. international. and dissipate growing over the upcoming talks between putin and kim jong un the kremlin has confirmed that they'll take place in the city of blood of a stock in russia's far east. have been keeping the details of the first of a meeting between the russian and north korean leaders secret. following preparations. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of vladivostok is covered in fog which is i guess a perfect display a perfect reflection of all the secrecy surrounding the summit of vladimir putin and cam john until pretty much the very last day neither the location nor the date were confirmed every little detail was a top secret all that we heard

don't require facebook to change the way it does is business and want impact facebook's profitability. regulators need to get involved but they do not need to take advice from mark zuckerberg. emily: what will fix the problem? sally: i think interoperability would be a big way to allow entry into competition, which the -- forings like example, verizon wireless phone can communicate with and at&t phone. allowing communication between networks could allow competition to open up. data portability will not do that. where will i take my data to? any to be where my friends are. that is my interoperability is a better solution. competitorspis for in a secure way is another proposal that has been made. the integration of whatsapp, instagram, and messenger that is planned should be prohibited by the ftc. and those deals should be online. -- unwound. there are questions about whether the ftc would have oversight of this marriage of the backend of facebook messenger, instagram, whatsapp. how are we expecting these investigations to play out? it will likely be years. right? be difficult to, -- ke

to changes in the way marketers use facebook, the way people use facebook and the way facebook's perceived around the world. this is a pretty momentous moment. bloomberg also reporting that facebook is close to a settlement. at least making some progress toward finding common ground on what exactly faced look did wrong. what is your take? is this going to be a one-time thing? or is this going to continue to happen? in general it is going to continue to happen because we have heard the rhetoric shift, but facebook got caught unawares by a huge range its system that it did not have the governance to prevent and it is now furiously backpedaling, trying to implement governance in areas of its business that did not have governance before. i think that there are many parts of it that are going to be extremely hard to fix. i would say the problems would continue. i still tip my hat to them for their execution of their business. on the other hand, they have to fix these problems. they do not have a choice. emily: david, thank you. debra, we will continue to follow facebook's earnings call as it ha

, when facebook floated. for a long time they were saying how will they make money? now there are others coming to market, cuba, pinterest, flak, you use slack in your business i love it, i adore it. -- uber. and the point is these are all called unicorns because they are all called unicorns because they are valued at $1 billion and what are valued at $1 billion and what are they based on? with slack, they have grown enormously, it is a messaging application used by a lot of companies, and actually i have a fellow friend who was a gp now using it, there is no reason why other tech companies can't use it because it isa tech companies can't use it because it is a subscription model and you can see how companies start to make money without but the issue with uberand is is money without but the issue with uber and is is no subscription to use the application. the way they make money is actually on the fares themselves but in order to gain market fare and fighting each other for market share, now subsidising the f

government and facebook as the social media giant introduces its new general counsel who is a legal adviser at the u.s. state department. for the monthly average of cults and kills if they have a good reason to kill. plus a famous bodyguard from germany it reveals how berlin has become an epicenter for criminal ethnic clans and why it's so difficult to deal with the issue. you're watching r t international bringing you in your live news update from our studio here in moscow where it's just turned three pm welcome to the program. we have breaking news this hour as anticipation is growing over the upcoming meeting between a lot of air putin and kim jong un and according to an r.t. source it will take place in the city of logical stalk and russia's far east this thursday moscow and pyongyang have been keeping the details of the first ever meeting between the russian and north korean leader secret. talk following the preparations. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of light of all stock is covere

she was speaking with facebook. she was optimistic they had hired more people and were serious about getting some of the abuses that were taking place on their platform under control. and i said to her, after all of that, after all the abuses, after everything, the mobilization of dutere's thugs, the propaganda on facebook, was she really sure that she was optimistic about the future? yes, she said she was. around the same time, i was in touch with samir patil, the founder of "scroll" in india. it's a five-year-old publication that's mold on "the atlantic," and he has fallen afoul of modi's government and people who are affiliated with him. but samir is optimistic, too. as a wave of media layoffs -- we will talk about them -- were announced in the u.s. recently, samir texted me and said, all of this investment has helped everyone climb a learning curve. so while no individual company has made everything work, the components are clear. what is also clear is that quality is the only defensible editorial strategy. whic

i don't think facebook has succeeded on the merit. i think facebook succeeded by accumulating in lawrence amounts of data and by buying the greatest competitors. i think you could stand a little more competition and i don't think this is a simple story of companies winning on merits. i think we have -- there been too much of a free pass on the antitrust law for some of the tech companies and is time to take a serious look and force them to face the same rules that apply to other companies. >> amazon and google have also bought several companies between them correct? >> yes, that's right. facebook has 73 acquisitions unchallenged. amazon has over 90. the about their competitor. the shoe company samples and they have a whole bunch of apparition as well. google has over 200 acquisitions. i think the case is a little harbor. amazon and google they also make a product that seems superior to the competitors but overall my messages we need to have an economy where the big companies play by the same rules of the little ones. facebook a partic

facebook made -- well, so i don't believe that in the settlement facebook acknowledged doing wrong, as is typical of these kind of settlements but they did make a commitment to make a number of changes including setting up a new portal for advertisements for housing, credit, and employment that will not have the discriminatory options that were on its platform in the past. it will also set up a portal where anybody anywhere in the country can look at the ads, the housing-related ads that have been posted so it gets past the problem, you never saw the ad because you weren't targeted for it, right? and in addition, because there are concerns about what happens after an ad has been developed, approved, and then gets to be delivered, that even though we've taken some of the discriminatory options out of the ad targeting, that the algorithms may themselves generate additional discriminatory patterns. facebook has agreed to work with us and a range of experts to study those patterns over time and take additional steps to correct any of them. ms. waters: thank you very much. the chair now rec

whatever comes, it will have a big impact on facebook. he is calling for new global internet regime. it touches on four key areas, harmful content, terrorist content, abusive content, he talks about election integrity, that covers political advertising, he talks about gdpr, and data portability, allowing users to freely take information from one network to another. emily: sally, is this something that you ort the open markets institute support? sally: i think it is very silly for zuckerberg to be out there, promoting regulations to fix problems that his business model is causing. he has the power to fix these problems by changing his business model. the targeted advertising business model is the reason why fake news and harmful content is being amplified by facebook's algorithms. it is the reason why facebook is collecting so much a on us but -- on us that foreign agents are able to target us on social media platforms. he can fix these problems. he doesn't need the regulators to fix them for him. emily: selina, there has actually been a l

this is what makes facebook a surveillance monster show facebook does not have users facebook has used people have facebook uses i'm not one of them i have never had a facebook account and i'm never going to. face spies on people even who don't have a cat ok let me ask you this why should people be worried about data that the social networks collects about them i mean that the data i use is a bulk with it the amount of it is so huge you can't really do anything with it it's not really personalized is it that's not true that's not true facebook personalizes people and makes that data available for manipulating them and it can discover things that people may not wish to have generally known to businesses such as if they're pregnant or if they're gay you know in some countries in the world you can get killed if the state figures out that you're gay. facebook is used to carry out. a nation of racial discrimination in job offers and housing and so it can hurt people in lots of ways and this is not to mention the fact that the u.s. government can collect all of that data at any time and find

i've been extremely critical of facebook how they've handle news. our facebook referles dropped by 80% when they decided that news makes you cranky. it's starting to go back up, and i think what facebook has done is changed how people consume news. and so if they -- if they want to pay us fine but what i would really appreciate is stopping the what i think is disingenuous appreciation of local news really from facebook. because they trained people to use their product, because people were opting into get my news. that's how they wanted to receive it. because it was convenient. and then to throw up our arms and say well, this is hard. gosh russians, gosh, white supremacists, is i think intellectually lazy and has done more to hurt the country than probably anything else in media over the last generation. [applause] >> host: the last question is for all of you in the minute and 12 seconds i'll start with you sara, what makes you all hopeful about the future of local news, sara. >> i think the ability to directly impact people in a profound and consist

not citizens of facebook we have no blood on facebook it's not a good mark. and this this process is not a way we can design the future we can't rely on this single company to invent our digital future. there's there's what i call the creepy line and the google policy about a lot of these things is to get right up for the creepy line but not cross at google crosses the creepy line every day. not only does google cross the creepy line the location of that line you keep shifting well it's an interesting word creepy right because it's a word that connotes horror he didn't say dangerous he didn't say an ethical there's all sorts of words that could have fit in not slot he said creepy and a creep is someone who creeps around and follows you and spies on you for unsavory purposes right that's the definition of a creep you know i don't think the typical ethical person says i'm going to push right up to the line of creepy and stop their you know they say more something like how about we don't get near enough to the creepy line so that we're ever. engaged even pseudo

being facebook. i don't think point is really -- really cares. i think it's more evidence. >> well, the issue, because people don't have another option. we're living in a world of social media monopolies, there are lots of people out there who use facebook as their platform for business, whatsapp to communicate with people overseas. theyen don't have another option. >> in 1995, i was talking to my students about this. take an average beer, an average shoe, an average car, and attach these amazeing connections to i. i think the introduction of google brought us into the monopoly era, develop an outstanding 10x product. these are better products. raise a massive amount of money as you're indicated or deemed the leader, and then use that capital to create moats and you become a more than openly. in search we have a monopoly. in social the reality is, as angry as you and i are, i know we're both on instagram. we communicate and get calls every day from people on whatsapp. the only reason we're contemplat

so facebook sort of has a-- something of an image problem. do you feel that that has led inside to a siege mentality? and i'm thinking of things like the headlines we saw earlier this year about efforts to investigate whether george soros had an incentive for attacki attacking? >> there's so much in there. i think to your question whether there's a siege mentality, you know, it may be surprising, there isn't. and i think there's so many people at facebook who went to the company, you know, like audrey said, in the bay area, a lot of idealistic people who went there because they wanted to help connect the world. i went there to learn a lot about the news industry, but also because my whole life has been dedicated to helping people get the news and information they want and need. there's so many things that we should have done differently in recent years and that i know we're working hard to fix. and it's not to downplay the mistakes. the last few years, things we could have changed, but the people i work with, anyway, are so committed to doing

saying facebook should regulate itself. he is saying that it can't. >> that doesn't amount to anything than just a glorified public relations document that is trying to punch the responsibility off. when he talks about harmful content, this is beneficial to facebook. mistakes are going to happen. now, they can say we were just following the line. a regime, and i helps a lot of these larger players more than the smaller players. it's very cumbersome for a small company to have to comply with these rules. they can increase facebook's wherewithal. that, some of to their behaviors of an to what they've been saying. this integration they are doing of what it increases its power and answersta questions like data privacy and makes it harder for regulations to moderate with going on if they are encrypted and they don't have access to once actually being said. these things could be helpful here, that facebook could do more to regulate itself. a also, governments around the world could do more to cooperate and regulate facebook? >> i

emily: facebook c.o.o. saying there are half a billion people using stories daily saying there is value for businesses on instagram and facebook. when it comes to stories, the additional opportunities, she says, is big. jitendra: so next two quarters they'll keep transitioning but more things coming online. ecommerce is a big avenue. fourth quarter, if they end up merging these platforms, messenger, they will have more across the board. basically they could take those stories and drive growth ahead of expectations. so fourth quarter is looking good. next two quarters will be gradual transition that they have been managing for the last two quarters. emily: facebook on the call getting questions about this big f.t.c. fine. take a listen to what the c.f.o. just had to say. >> to the ongoing settlement discussions that we're having with the f.t.c., this matter is not resolved so the actual amount of payment remains uncertain. however, we're estimating this range of loss be $3 billion to $5 billion. can't really

we're not citizens of facebook we have no blood on facebook it's not a democracy it is this process is not a way we can design the future we can't rely on this single company to invent our digital future.

in this sudden change of heart from the folks at facebook this suspicion of motives prompted the bloomberg editorial board to write each of zucker bergs for proposals would create its own particular problems if adopted as government policy but on one point they have much in common they'd be good for facebook's business because as many are now pointing out this looks an awful lot like facebook essentially dropping its publicity nightmare over free speech censorship right into the hands of the government. which may be brilliant for the business of facebook but for the business of the first amendment and free speech which is why we must always be watching the whole. thing. the. real thing. as. they like you that i got. with. this. well the watching all i robot and on top of the law. and i'm not that worried about my dad apart ability if i. sowed facebook and saying hey we're bringing home the regulation here is leaving i wonder how you could regulate us better with having good luck with that. i mean it's kind of silly to me there's a so there's a lot of things of why it's silly when you break

facebook's ties to the u.s. government to question the top state department official will have more in the story after the break. the housing crisis was the result of securitizing mortgages that were resold to dozens of times and the like goldman sachs was. clients and they were engaged in massive fraud again. timothy geithner it is friends and now they go of that controlled demolition of the housing market is that all the housing is concentrated in a few as like blackstone as a gift from their friends of the central banks and the result is medieval doesn't. seem wrong. just don't hold. anything. yet to shape out these days becomes active. and engaged equals betrayal. many find themselves worlds apart we choose to look for common ground. welcome back berlin has become home to some of the biggest criminal clans in the world that's according to one of the city's most famous bodyguards. michael korda is a world kick boxing champion and while he claims to favor multiculturalism he's worried current migration policie