collaborative fund, an early facebook investor. all right. so there are four kinds of investors viewing for a cut of this ipo. early stage investors like craig, they got involved a long time ago. institutional investors, the people who will buy it before it goes public, high net worth retail investors, relatively rich people who trade often, and then there s everybody else, the average joe retail investor. that s likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we ll talk later about whether one should or shouldn t buy this. what do you think a retail investor who gets opt their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? you know, you said $90 a share, i said a 50% premium. this is one of those situations depends how much stock by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn t approach t
for news international and tabloids over in great britain possibly tried to hack into the phone numbers of 9/11 victims and possibly some other u.s. citizens, so now this scandal that started over in great britain has a chance to make it to the united states and the fbi it appears right now is getting involved. we ll have much more on this still developing story throughout the next couple of hours here on cnn. also coming up for you this hour, the man accused of killing and mutilating an 8-year-old boy is arraigned in court. the charges, first-degree kidnapping and first-degree murder. we will take you there coming up, and adarandi kaye just mentioned to you a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what s the big deal? it s l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it s set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on