Cascading Bug News Today

good evening, everyone. im erin burnett. "outfront" tonight, facebook not making many friends this evening because just a few hours ago, facebook came out with its first earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebooks shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share...

earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebooks shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. you see that black diamond-looking ski slope. its falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot ...

"outfront" tonight, facebook not making many friends this evening because just a few hours ago, facebook came out with its first earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebooks shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. you see that black diamond-looking ski ...

Of them. an update on yesterdays twitter outage. the company is blaming a cascading bug for bringing down the site for at least two hours. the company says the issue is now fixed. and were free to tweet. miami heat fans are rejoicing today after king james finally got his crown and brought him the nba title. the heat defeated the oklahoma city thunder 121-106 in game five of the finals last night. the heat lost the first game but then won four straight leading to immense sorrow in cleveland ...

Responsibility. instead blaming what it called a cascading bug. if this weeks heat wave what you dreading your next electric bill. a mom in texas opened hers to find charges of $1.3 million. the utility company admitted it was just a computing error. thankfully. coming up, the heat put on a record-breaking performance to earn themselves the nba title, which means, love him or hate him, king james earned his first nba crown. your "first look" at sports is straight ahead. youre watching "first...

in the country this year. it spread overseas, rumors about it all day didnt happen until after the closing bell. theres the dow, down 2%. the big bank downgrades, including the biggest banks in europe, moodys saying that anybody with a lot of exposure to the credit markets, they were going to downgrade them. the banks one by one saying they disagree with the downgrades and some of the stocks are moving up a little bit. thats the bank part of it. banks are what pumps the oxygen through ...