good evening, everyone. i m 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 facebook s 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. $26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much be
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 facebook s 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. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much better than nonsocial ads so our job over the next few years is to increase the percentage of ads that are social and engaging. social and engaging ads. well, you know, advertising a w
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 facebook s 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. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much better than nonsocial ads so our job over the next few ye
now sort of hurriedly tomorrow, is a mistake. he has to pick someone competent. marco rubio, he has huge problems with the hispanic community. you always have to be careful with these things and have to vet. one of the ironies, by the way, about the vetting process which i ve been through several times is you re always fixing it to correct the last mistake. this time, for example, if you picked a governor you wouldn t assume what the mccain people assumed about sarah palin, if you were governor of a state, you knew there was a north korea and south korea and take the governor through basic foreign policy question. i guess the conventional wisdom is right that it s portman or jindal or tim pawlenty. this pick ought to come later, after the olympic, going into the convention. ben, will they take my advice?
great deal of sympathy between african-americans and japan. a historical nerdland note here, the japanese/russian war, 1905, the japanese defeated russia, and african-americans saw this as people of color finally winning one. there is that kind of history of every group coming here and going through the same kind of edeal, even with asian americans in louisiana, about whether or not they should be classified adds black and segregated with black people or classified as white and not confined to colored only sections. a foreign policy question on this you made the point about having an experience with communist regimes may leave asian voters more likely to side with the republican party. china is coming, scary, scary