Page 16 - 104 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Company. and he needs to bring in adults. again, like google did at the very beginning. when they knew they weren't ready to run a company like this. >> by the way, eric ran the company there, eric schmidt for about a decade, and then turned it back over to sergei and to larry. what's interesting, there's a whole bench of startups, innovative startups in the social media space and elsewhere in silicon valley and elsewhere popping up right now. they were all betting on this facebook ipo as being a pathway, a precedent, a comp, for all of these other companies. and suddenly, there's all of these...

It is not allowed to regulations and the alleges are said "if true, a matter of regulatory concerns." but investors should blaming facebook itself. remember when it started on friday as a public company, it had a public value or market cap of $104 billion, just in 2 1/2 trading days the company is closing out the day at $73 billion. wiping out about $30 billion and shareholder value, shareholder equity, lawsuits, regulatory reviews. welcome to life in the public world. >>stuart: ouch. what a mess. and now a congress taking it on the nose, a $500 billion tax bomb is indeed ticking. can lawmaker...

>> reporter: i think people here are characterizing it somewhere between a mess and a disaster. a good ipo, thomas, in many way, everybody wins. the company who sells the shares. the bankers who set it up, they make money on the offerings and investors who snatch it up early see a nice pop in the price and hopefully stabilization at that label. here, there's a lot of anger towards the underwriters, the chief one being morgan stanley. they increased the price. so the company valued at $104 billion, the bankers and the facebook millionaires made a lot of money. but anyone who bought it on day on...

Wrong will. >> mr. booker's remarks made for a little morning fodder. check out this clip from "morning joe" today. >> that is a hostage video will. >> that is the definition of a hostage video. can we see that one more time? >> does the fbi field office know that they've got the guys loose in newark? >> like they were referring to that web video made by cory booker later in the day. did cory booker's criticism undermine team obama's bain strategy? what does your gut check tell you? go to facebook.com/newsnation. we asked is facebook really a 104 billion company? only 13% of you said yes. 87% ...

Now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. -- friday went public making the company worth an estimated $ $104 billion. though i don't know if you can really put a price tag on watching your high school friends slowly get fatter. >> with us now, brian shactman. >> oh, my gosh. one way to put it. >> the facebook ipo, morgan stanley had to rush in at the end of the day on friday to make