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 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 word mark zuckerberg would not have used when he first described facebook. here's what he said to investors. earlier this year. quote, facebook was not originally founded to be a company. we've always cared primarily about our social mission. well, the company's mission now is to make money off of you and its 955 million users. it has to make money. that's just the reality of it. now you're a public company. how does it plan to do that? here's a couple things they're planning to do supposedly. there's a rumored want button. there's a like button on facebook now if you like something. the want button lets you tell your friends what you'd like them to buy for you. maybe it's a wedding or baby registry thing. it's supposed to link you to spending money. there's also a new service called facebook exchange which tracks what you do on the remember and shows you ads when you go back on facebook based on where you have been. according to bloomberg, facebook is also working on a cell phone to try to make money from people on their cell phones which has been a real issue for the company. mark zuckerberg, though, shot down that report on the call. the thing is, actually advertising on -- advertising here has been a soft spot for facebook. nobody wants to look at ads on their smart phone. this has a lot of people worried. when you consider half of facebook users go to the website from a smart phone. facebook. can it ever go back to where it went public? "outfront" andy serwer, managin editor, "fortune." peter costa and editor of empire. great to see you both. the company doesn't seem to get a break. most people say, look, your revenue is up 32% and you're a giant company. why will people not stop slamming you? >> there's a very simple reason. the stock was priced too high at the ipo. facebook is a great company. there's nothing wrong with facebook. it's growing like crazy still as you said. they're figuring out how to make money. the fact of the matter is they priced the ipo so high it's priced for perfection and when they turn inormally great numbers the stock's going down. that's what's going on. >> there are two things that determine whether it can succeed, can it make money and can it grow? facebook certainly is growing. what about the making money part? >> i think you brought to the point about the cell phone and not being able to monetize their mobile apps. i think that's still going to be a major issue going forward. i don't think anybody's truly been able to monetize anything off of a cell phone. i mean, the only people that really make money off it are, like, verizon and at&t. i think they're still struggling to figure that out. it's going to take them a while where they could be profitable on that end. >> i got to say, it's going to take a while but the world is moving to these sorts of devices. somebody will figure it out at some time, right? i mean -- >> right, phones are getting bigger. i i pads and other tablets are getting smaller. one thing they talked about on the call a little bit was sponsored stories. these are stories that come from a company like ben & jerry's or a movie company that go into your news flow. you know, they suggested you're going to get -- they're getting about $1 million a day off this. so $300 million of advertising. but, you know, you got to ask yourself as a consumer how often do you want to see these things on your facebook, right? it detracts from the experience. >> i would say not often at all. >> right, exactly. which is the core of the problem. >> that's a major issue. it's a major issue. because i think that the people that use facebook don't want to spend time trolling or scrolling through ads to get to what they really want to see. >> there are people out there who like to say this is going to be the biggest colossal failure ever. they say young kids are not using facebook as much as they're used to and there's other companies that can provide the same thing. this might just be a colossal failure. other people say that's ridiculous. you're just a hater. >> i disagree with that. listen, now they have 955 million users. i mean, that's staggering. pretty soon, 1 billion. it's remarkable. they haven't really cracked china. snoot they don't really disclosed how many people have multiple counts -- >> let's say half a billion people use facebook. that's an amazing audience. so i think, you know, you think about facebook going forward it's going to be like the telephone company. of course at some point when it becomes so ubiquitous or they try to monetize it so much with so many ads it becomes uncool. they have such a head start over anyone else at this point, i think facebook's here to stay. and they are growing. it's just the stock was too damn high, right? the other thing they don't really want to be a public company. they never wanted to be. they were sort of forced to be. there's just not that into you if you're a public shareholder, right? >> one final question about mark zuckerberg himself. remember when google went public and larry page, the genius founders of it, brought in this guy, eric schmidt, because he knew how to run a company. and he ran the company really well. they stayed on. they got more experience and management. and then they came back eventually. mark zuckerberg from everything that i've heard is not -- the guy is maybe a genius but he's certainly no experience managing a company, never mind a company this size. should he be the ceo or should he be the chief genius and bring in a real manager? >> i think he should bring in a real manager. he's a control freak as you can see. i think having someone with like true business acumen would really help them. you know, having a dual role, he could be chairman, something like that. move forward, having him -- whoever this financial guy is will come in and explain or build a product. he'll build the product base. the other guy will figure out the financials on it. think that would be very helpful. also take his mind off worrying about shareholders so much because now he's worrying more about the product. >> give him confidence -- >> they do have some professional management. he firmly controls that company. remember, two class of stock -- >> whoever controlled the ipo, you have to assume it was the cfo. we can hardly say that worked out real well. >> right, exactly. right now, zuckerberg, stick ton to the news feeds. stick to the product. maybe let the other guys do their thing. as you suggest that didn't work out so well either. >> all right. thanks to both you. we appreciate it. a company a lot of people are curious about. maybe, you know, people are talking about it. it's a good thing. we'll see. twitter went silent. plus, mitt romney in london for the first leg of his foreign tour but he's refusing to talk foreign policy. does that add up? 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[ announcer ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ our second story "outfront" tonight. mitt romney's international audition. the presumptive gop nominee sat down with piers morgan while on his overseas trip today but he did not want to talk about foreign policy. >> how will you be different as a republican president? how will you avoid the kind of pitfalls perhaps that president bush fell into? >> well, first i have to note that as tradition for our nation, on foreign soil, avoid speaking about a new foreign policy or my foreign policy or doing that in a place that would in any way detract from the president's efforts to pursue his own foreign policy. so i really can't -- i can't go down that path. >> james carville joins me along with david fromme. i'm just a little confused. he made a big, with great fanfare announced that foreign trip to show he could be a great commander in chief. you'd think at least you'd talk about something you'd be doing. even if you weren't criticizing the president. talk about something positive you might do, right? >> you can talk about positive things. of course you must avoid criticizing the president. that's very important. i'm glad he did do that. mitt romney gave an interview which is appearing tomorrow, which does give more clarity on his foreign policy -- >> in israel. >> -- middle east. i think mitt romney is especially worried about getting drawn on the biggest foreign policy question at the moment which is also an economic question and that is the problem of the euro. that is a situation that is changing so fast that if you're a candidate for president you're very worried about saying things now that might bind you nine months from now in a completely different situation. >> james carville, i'm curious though, because mitt romney has spoken about syria before. just an example. piers asked him a question about syria. and you're going to hear what mitt romney had to say tonight. i want everyone to know we've been very detailed, he's talked about it before. here he is to piers. >> in terms of syria, you talk about dictators and so on. people who think assad should go. there's a humanitarian crisis that's unfurling. getting worse by the day. what do you do? is the natural instinct of an american president, if you were there right now, would you just be saying, enough, we've got to get in there and take this guy out? >> piers, again, given the fact i'm on foreign soil, i really am not going to delve into foreign policy prescriptions that would interfere with the foreign policy of our current president. >> well, i haven't seen harratz's interview but why can't he talk to cnn about foreign policy and he can talk to harratz about foreign policy? it doesn't make sense to me. he could put out being overly critical. he would say, look, these are the principles i would take if i were president or something like that. it's kind of a strange thing. without knowing what's in the interview that he gave to the israeli -- why can't he talk to them and not us? >> well, i don't know what's in it. although i would be surprised you're giving an interview to an israeli newspaper you're talking about things like iran or the palestinian issue. what i still don't understand about it. president obama, remember when he went overseas in 2008? he gave that big speech about -- and it was, you know, the thing that he's best at, right, giving an inspirational speech, and here's what he said about foreign policy on the trip he took while running for president. >> this is the moment we must help answer the call for a new dawn in the middle east. my country must stand with yours and with europe in sending a direct message to iran, that it must abandon its nuclear ambitions. we must support the lebanese who have marched and bled for democracy. and the israelis and the palestinians who seek a secure and lasting peace. >> i mean, david, from why can't mitt romney do that, what would -- i mean, the mitt romney doctrine, right? that would mean i'm not going to talk about whether i'd put troops intsyria or not specifically. but here is what i believe in and what i stand for. why not at least do that? >> well, that is germany in 2008. left a bad taste i think in the mouths of a lot of people. because the real message that candidate obama was then sending was not the content of the speech, it was that shot that you're showing right now. he wanted to influence american voters by saying, see, i've big in germany, i'm big in europe. you feel unpopular. elect me and the world will love the united states again. that turned out by the way not to be true. that we still have a lot of difficulties with the rest of the world. ironically, it is with germany that president obama, now president obama, has some of the most frigid relationships that he does with any government. if all is of that is true, why is he taking this big trip at all? >> based on his performance in great britain, it might be good he's shutting up. using the "p" word to describe his performance. that would be "palin." >> because he criticized the -- for the london olympics. >> gets up and criticizes -- the olympic games together. then he goes to the spy service and says he had a meeting. they don't -- they barely acknowledge that they even have a spy service. i mean, completely clueless as to what their traditions are. so maybe it's better that he doesn't say anything. it might be better for him and his campaign if he just kept his mouth shut between now and november. >> that's not fair. what's happened to him on this trip is mitt romney has fallen -- like when you drop a little clove of garlic into those mincing machines, he's dropping into the maw of the voracious british press. that is determined to take anything and make it a huge story. >> if he had given them something that was big rather than only little things then maybe -- >> meanwhile, boris johnson, the mayor of london, is using romney's one line to launch the "boris johnson for prime minister" campaign, like a scene from "love actually" -- >> conservative prime minister was highly critical of mitt romney. this is not fleet street. this is david cameron. >> he was not highly critical. >> of course he was. >> he threw the guy an elbow over -- >> again, he said we don't get the whole olympics in the middle of nowhere. he was clearly irritated. he offended the prime minister who's hardly fleet street. >> sometimes men will be boys. thanks to both of you. a judge in the colorado shooting has issued a new order after a series of leaks involving the case. plus twitter, it was down for so long today. there was a reason and it could be a real threat to the u.s. o [ male announcer ] research suggests the health of our cells plays a key role throughout our entire lives. ♪ one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. ♪ it has more of seven antioxidants to support cell health. that's one a day men's 50+ healthy advantage. thor's couture gets the most rewards of any small business credit card. your boa! 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[ cheers and applause ] twitter crashed again today. it was the second time in just over a month that the service, where you can, well, tweet out about whatever you're doing at that moment or many more serious things, went down. last time twitter blamed the outage on a cascading bug, quote/unquote. this time they blamed data centers. saying when one data center system fails, another is supposed to take over but this time they both went down. at essentially the same instant. how long were twitter addicts without their fix? our number tonight is 53. which is how many minutes twitter was down. according to the website monitoring service pingdom. for some users, this outage could have been longer or shorter. a very strange day overall for the internet. google's talk function went down today. people had difficulties accessing netflix website as well. to be concerned about whether there could be some sort of a trojan horse sort of an issue with security for the internet in this country. now our third story "outfront." the judge overseeing the aurora shooter case is cracking down on leaks. district court judge esh ud a second gag order barring the release of information relating to james holmes. this comes on the heels of some news reports that holmes sent a package to the medical campus. don lemon is "outfront" in aurora. good evening, don. >> good evening. what they're saying, what the judge is saying in this order is that he is trying to preserve the integrity of this case. the d.a. filed a motion regarding public access to the university of colorado records. in light of the package that was supposedly delivered to the mailroom. so the judge came back today and said yes it was okay. the university does not and shall not, it says, which means they shall not give any information regarding this investigation. that of course as always includes any grades or e-mail that has to do with this investigation. that is usually under -- it's called the c.o.r.a., which is colorado's records act. and you can file what we call a f.o.a., freedom of information, and get that. in this case, it's not going to happen. until the judge says it's okay to release that. >> a funeral today for one of the shooting victims. what can you tell us about that? >> mikaela medek. a 23-year-old student here from the aurora college. there was a full funeral service for her today. the governor, john hickenlooper, attended, as well as the mayor of aurora. and she was -- she worked at a sandwich shop, a young 23-year-old. she was laid to rest today. there s also some visitations to two other folks as well. her full funeral was today. >> all right, don, thanks very much to you. still "outfront" in our second half, the top man in charge of u.s. special operations expressing new concern