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Billion. making it the biggest tech ipo since facebook. that's a big deal. facebook offered to buy snapchat for $3 billion in 2013. that offer was turned down. the owners of snapchat look like geniuses. they turned down $3 billion and the personal stake is way more. the company is struggling to make money. suffering from losses of more than $500 million last year. the glasses that shoot video sales started last week. not unknown with a lot of buzz with a company that doesn't make money yet. >> do you snap? >> i have snapped before. i stopped snapping. everyone i know who is younger than 20 sna...

Value of $24 billion. he was offered three. likely worth $24 billion. making it the biggest tech ipo since facebook. he'll start trading this morning at the new york stock exchange. snap is not yet profitable. this often happens, a great idea but doesn't make any money. lost $500 million. recently launched glasses that shoot video called spectacles. all three major stock market averages have never been higher. the dow crushing it, crushing 21,000, hitting that park for the first time ever. i want you to look at this stat. since the election the stock market has added $2.7 trillion in value. co...

Valuations soaring. at about $33 billion. is that an overvaluation? >> reporter: well, there was certainly a lot of hype that went into the i.p.o. snap chat up about 15%. up about $8 right now. this is the biggest tech i.p.o. we've seen in a while, basically since facebook went public. the market for companies going public, especially tech companies, has been kelltively cool. this is a benchmark. this is a bell weather, perhaps, of what the market can handled right now. looking at snap chat,s that continue that continues to make a loss. it does not make a profit. at the same time you have mill...

Chaos is what we have now. happy halloween. getting in on the ground floor of twitter. it is the biggest tech ipo since facebook and we know how that one went. we are going to tell you what the new york stock exchange is doing to try to avoid the same fate as facebook.

Zuckerberg loses a small piece of the a he had 57 percent voting control in the previous design, and now 55 percent, and what is interesting he said this will be the largest tech i.p.o. and the third largest in history, and visa is above facebook. >>shepard: but new questions, about whether advertisers can make money off of facebook. g.m. thinks they cannot. >>gerri: g.m. pulled the plug but they spent $10 million and facebook is $1 billion in revenue from advertising. the one thing, the big question: p.r. hit for facebook if g.m. is out there telling everyone, well, it didn't do much for us. ...