loft concern that the employees of the company, whether you bought it initially when it was offered or you want to buy it and you might buy it at this low price, that they ll have the opportunity to sell off coming up in stages, but a lot of shares could hit the market. should they be concerned if people own facebook? this is a very common problem with the start-ups. so the company came up with a a little bit over 400 million new shares to the market. there is almost another 300 million coming due that are going to be freed up and sold in the next 30 days or so. after that is another 200 million and then in november, 1.2 billion shares are going to be available to be sold. that doesn t mean people are going to go and sell them. but they might. big flood of shares could the market. jamie: would you be a buyer of those shares? we were very fortunate. we personally and as a company we didn t buy one single share. but we were looking at not so much the valuation of the company, but
ripples of relief spread from europe across the world market. a deal has been reached to tackle the e.u. financial crisis. european leaders have agreed to expand the e.u. bailout fund while private sectors will take a 50% loss on greek bonds. the european agreement translated into a huge day for u.s. stocks. let s go to alison kosik at the new york stock exchange. the closing bell just rang. how did stocks finish? we don t know the final number, but we know it s very positive. it is. the numbers are settling. we re seeing the dow up 340 points. the nasdaq s&p up more than 300%. the bulls busted out of the opening bell and never looked back. this is what investors have been waiting for. these debt problems plaguing greece. and besides plugging greece s debt hole, this plans to safeguard against future shocks. it s a step forwards in instilling stability in the marketplace. being there is such a powerful positive reaction, do investors see this as a done deal? is this crisi
we re live on the las vegas strip where in just four hours, the republican hopefuls will face off in a cnn western presidential debate. tonight, herman cain is the candidate to beat. since the last debate one week ago in new hampshire, herman cain has continued to rise in the polls and is now the front-runner for the republican presidential nomination. he is joining me now. he s here in the situation room. we re in las vegas. mr. cain, thanks very much for coming in. how does that feel to be called the front-runner running for the nomination? the way it feels is that you got this big bull s eye on your back so that keeps gets bigger. it feels great, but as you know, the challenge is how do we continue that momentum and we believe we know how to do it. they re all going to come after you tonight. i m ready. have you been practicing? what are you doing? what i always do. in other words, i make sure i know where i stand on all the solutions i m putting on the table.
atmosphere that is moving away from dictatorships, moving away from islamic fundamentalists and moving towards people. people that want to have their own lives and define their own lives. i think that s what we are seeing. so i have great confidence. but then, of course, i m paid or i have been paid through my career to be an optimist. shepard: we can be optimistic about it. i certainly have leaned in that direction as well. you look at the problem in bahrain and across the causeway 14 miles in saudi arabia. you will need a lot of optimism to keep the thoughts of similar problems happening there and the whole world getting turned upside down. what s your concern there. there is a loft concern there. it s not the standard situation. what you have is the dividing line between she a and sunni. and bahrain is a country which is run by sunnies and the