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Transcripts For FBC Markets Now 20131107

Commodities our lower in major market averages are pulling back. With the 26 ipo opening at 45. 10 now is 45. 89. Now of the value is beyond facebook we have seen the backandforth action although they state it is still fairly priced. Back to you. With the opening price of 45 and 0. 10 a share the market capstans at more than toward the 4 billion hit for that kind evaluation it will top some icons like alcoa has a market cap of 10. 3 billion tiffany is in. 1 and twitter is even bigger than delta that is 22. 9 billion and at that level it would rank as number 164 on the s p 500 despite the optimism my first guest says it is overblown. Paul, we appreciate you being here. Why do you think this is more hype . Good day. First of all, in the social media space you have to look a. N. C. Where other deals are priced and where they are treated. If the deal opens in the mid20s it probably would have been better for the company over the short term but if you look at the past it feels frothy and ha

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