the market plunged today to its lowest level since january. the reason, in part, a continuing fear about greece. so tonight the big question is will the late-breaking news from facebook be enough to turn the mood of america? facebook will begin trading for the first time ever tomorrow morning. so it priced tonight at $38 for a single share. when you add it all together, it is the biggest ipo in american history. the facebook obsession in this country reminding us of the 1983 classic movie trading places. [ buzzer ] i remember ipos like that. all right. there are a few trading floors left. computers have replaced the conventional pit mostly, but when trading begins tomorrow at 11:00 a.m. for facebook, and it s going to happen at 11:00, which isn t when the market opens, about an hour and a half after the market opens, because computers aren t like people. it s going to take them longer to figure out the right price. there will be a frenzy of trading going on. the stock, $3
facebook at $100 billion. the most valuable company ever at the time of its initial public offering. and more valuable than citi or mcdonald s. millions hoping it will help them boost their bottom lines this morning. dan simon is live at the facebook mothership in menlo park, california, where workers are marking the occasion by working all night long. seriously, dan, what s up with that? it s 2:00 in the morning here and we re wide awake. they re having a hack a thon, an opportunity for facebook employees to basically do what they do best build, design, create. they do this periodically, an interesting public relations move as we re about to begin the trading of the stock. what they want to do is send a message to the world that they built this company on building stuff. so that s what they re doing. they posted pictures to the website showing what s going on inside some of these rooms. in terms of the fundamental challenge facing facebook in the future, it s exactly tha
seating for several fashion shows, including carolina herr ra s seats. what s in it for the designer? it s all about the press, isn t it? i think so. what do you think this show is all about? it s about the press. reporter: the reason the paparazzi is here covering who s at the show, not what s on the runway. why we could see some unlikely folks show up. could we see a snooki? it s a point of debate whether snooki would come to fashion week. speaking of reality stars. more leg room. that s it. i have no business being here. it doesn t matter. real housewives host andy cowen is a paparazzi magnet. part of the currency that could land you in the front row. and it s not just reality stars, it s some shows even some teenage bloggers with a cult