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Social network spend a fortune on a fortune on the fiveyear old instant messaging service . We got paul kedrosky, bloomberg contributing editor, also deals reporter cristina alesci. 19 billion. It is a huge number. How does facebook justify this . Number. It is a big i was just looking at the numbers last night, the largest Venture Capital based company in history which is remarkable, so the way to get at this kind of valuation is on a basis. 400 million users, maybe a billion by the end of the year, adding a million users a day. So on a per user basis, which is the metric we use with the inst...

Julie hyman joins me for a roundtable discussion on u. S. Retail sales. It we begin with peter cook on capitol hill. The scramble for the leadership of the republican led house of representatives. Good afternoon. Kevin mccarthy is looking to move up in leadership. That is right. Its down to two people in terms of replacing eric cantor. It did not take long for the conversation to shift to eric cantors loss in virginia to who would replace him as the number two. Kevin mccarthy, the republican from california. Pete going against sessions. He is not part of the leadership right now. He is making ...