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advancing .05% and the nasdaq climbing, i want to talk about what s become the must-own stock of this earnings season. facebook. if you paid any attention to the market coverage today you probably heard someone say that facebook with the newfound $190 billion market capitalization after the $3.69 rally is ridiculously overvalued. you heard it. i heard it snc! you know how they slam it! wait a second. they use brand name comparisons like, what do you mean it s worth more than intel or oracle for heaven s sake? that s wrong like they re indig minu nant about it. it s past merck some merck is now tied with pfizer? no way! no relatively recent upstart can be worth that much, right? it just came public two years ago, right? it s crazy that it s larger than so many american, established dut companies, right? wrong! wrong. i ll do the real analysis that portfolio managers use, let me first explain just how stupid this kind of compare son, reasoning really is. i remember in ....
transmission. first i want to go straight to cnn justice reporter evan perez. he s in punishment. evan, hello to you. you ve been all over this part of the investigation. what can you tell us about this very latest development? randi, the latest is changing the understanding of what happened and when. today the malaysian government said last transmission at 1:07 a.m. from the jet s acars communication system showed, quote, normal routing to beijing and, quote, nothing unusual. this is important because it appears to undercut the theory that the flight path reprogramming took place before the copilot says all right, good night. that s the flight s final transmission with air traffic control at 1:19 a.m. this reduces but does not rule out suspicions about the foul play in the cockpit. randi all this adds to the mystery that riveted all of us about what happened aboard flight 370 two weeks ago. you re saying we can t rule out anything at all from this. that s right. ....
indian ocean. some do appear to be big, the size possibly of a wing. some a little smaller, perhaps the size of a seat. we are able to identify 122 potential objects. some objects were mitten length, others as much as 23 meters in length. some objects appear to be bright, indicating solid material. these images that we re focusing on were taken by a french satellite sunday. the objects are about 1600 miles from perth in australia. and the debris field itself is believed to be scattered across some 150 square miles. this is a big area. we have been saying this, time and time again, but the other complication here, it is a moving target. talk about chaotic currents here, this ocean is hostile. you see how rough it is by looking at this video. this is an example of what the searchers are up against in this part of the world in the southern indian ocean. let me tell you about this. another big development. we also know they tracked the plane via a series of pings. we ar ....
we re not searching for a needle in a haystack, we re still trying to define where the haystack is. that s how australia s defense minister describes the search for flight 370 in the remote indian ocean. want to bring you cnn s saima mohsin from kuala lumpur and will riply in perth where planes are getting ready to take off, we hope. saima, first to you. what can you tell us about this so-called international working group, a group that the malaysian government is now forming to help narrow the search area? what s involved here? reporter: well, wolf, that still remains a mystery. that s all they ve told us so far. as you know, we get very little information in these press conferences, which is amounting to a lot of frustration for a lot of people, including us trying to report this story. and, of course, more importantly, the families that are involved in this. now, what we know is that this working group will be heavily reliant on the data that particularly countries ....
you re in the situation room. let s get to the breaking news. china has said one of it satellites has found a crash area of what appear to be large floating objects. we have the kind of coverage only cnn can deliver. our correspondents are standing by along with top analysts and experts. let s go straight to jim sciutto with the latest. what were we learning? a remarkable development in six confusing days of misdirection. they look very small but they are very large. 43 feet by 49 feet one of them, 46 by 62 feet, another one 79 feet by 72 feet. a flatbed truck is 48 feet long, a mobile home 28 feet long so these are big pieces floating in the water. let me show you on the map where they were found. you ll remember the flight took off from kuala lumpur on its way to beijing. this was the point of last contact when its transponder was turned off. and you ll remember this was the area they were searching in in those early days but not finding anything. and then you ll ....