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Is going to be my big splurge. >> reporter: facebook announced it will make 25% more shares available than was initially believed. if they get the $38 a share they are hoping for, the company would be valued at $104.2 billion. still, gm's announcement raises doubts because the ipo price is, based among other things, on its potential to draw future advertising. >> advertising, of course, is just one way, but certainly a big way, that the company can potentially make money. and as it tries to become a public company and sell shares to investors, you know, what do investors want to see? they want...

Is going to be my big splurge. >> reporter: facebook announced it will make 25% more shares available than was initially believed. if they get the $38 a share they are hoping for, the company would be valued at $104.2 billion. still, gm's announcement raises doubts because the ipo price is, based among other things, on its potential to draw future advertising. >> advertising, of course, is just one way, but certainly a big way, that the company can potentially make money. and as it tries to become a public company and sell shares to investors, you know, what do investors want to see? they want...

Pete wilson in 1991 had a spending problem. he had a budget of $51.4 billion. that was out of control. then it was 75.3 billion. under i don't know, gray davis i think. in five years after that, it was $104 billion. it was actually $104.2 billion. so they brought in arnold schwarzenegger. i want to terminate this debt. really? he promised a new direction for california. this is what he promised. >> this historic election has come about because there is a tremendous disconnect between the people of california and the leaders of california. i'm running for governor to lead a movement for change ...

California can't do math. pete wilson in 1991 had a spending problem. he had a budget of $51.4 billion. that was out of control. then it was 75.3 billion. under i don't know, gray davis i think. in five years after that, it was $104 billion. it was actually $104.2 billion. so they brought in arnold schwarzenegger. i want to terminate this debt. really? he promised a new direction for california. this is what he promised. >> this historic election has come about because there is a tremendous disconnect between the people of california and the leaders of california. i'm running for governor to l...