case that may change the way you look at what happened that night. we ll go through it. plus, our man, chuck todd, reveals himself to be the last guy you want to see at twrif yeah night at your local bar. absolutely cleaning up last night on jeopardy. we ll show you check s skills later in the show. first, though, let s get to the news live at 5:30 a.m. here at 30 rock in new york city, at 11:00 this morning, facebook will begin trading at $38 a share. and you, too, can have a piece of the action. the social media giant selling a 15% stake in the 8-year-old company that s now valued at $104 billion. with $16 billion raised yesterday, facebook becomes the largest internet ipo in history, and one of the biggest ever overall. in the united states, only visa and the power company inelle raised more. facebook beats general motors on that list. its market value tops business icons like mcdonald s, citigroup, amazon, disney. the list goes on and on. the man or piece of facebook has
facebook opening for trade. the social networking site facebook known for doing things its own way threw a curveball at investors and analysts opening for its first public stock trade more than a half hour later than scheduled leaving traders in the dark about what they had bought or sold. you imagine there was only one theater showing the avengers over the past week and everybody was trying to get in the narrow doors. trying to make sure there is not the equivalent of a stock market riot here as people try to get into this stock. reporter: facebook put more than 420 million shares on the market and set a record for the most number of shares traded on a stock s first day. not at all the kind of opening that many were hoping for and expecting. reporter: some analysts wonder if the deal was over hyped after facebook stock failed to have a huge, one day pop. ending just 23 cents over its initial $38 price. earlier 28-year-old facebook founder mark zuckerberg rang the n
and one of the biggest ever overall. in the united states, only visa and the power company inelle raised more. facebook beats general motors on that list. its market value tops business icons like mcdonald s, citigroup, amazon, disney. the list goes on and on. the man or piece of facebook has been huge already. according to the new york times investors in the u.s. alone, would have bought 30 times the number of shares that they ve been offered. still there are doubts about facebook s ability to bring in advertising revenue. in fact the company is trading at 100 times more than it earned last year. mark zuckerberg, who founded the company in his harvard dorm room eight years ago will be worth $19 billion. after today s ipo. he just turned 28 on monday. that makes him the 29th richest person on the face of the earth. for more on the story we bring in the co-anchor of cnbc s squawk box, and new york times columnist, andrew ross sorkin. mr. geist. we re here. the day ev
there you go, you can see the shower activity down in the carolinas. that is the back edge there of the cold front so we should be in for a anice day today but much cooler weather than yesterday. yesterday, mid-70s. had you had today, our highs will be in the upper 50s and low 60s. noticeably schooler than yesterday. 52 in washington. humidity, 4 #%. wind are out of the north and east at 13 miles per hour and your pressure is on the rise, 29.8 inches. lots of sunshine. should be a dry day. highs in the low 60s. a look at the all-important weekend forecast in just a minute. back to you guys. thank you. some of the top stories we are following, lottery officials will hold a news conference to address the megamillions mystery in maryland. last week, mirlande wilson said she had one of the three winning tickets to last week s historic drawing but a lawyer won t confirm the claim. wilson s coworkers believe the winning ticket may have been purchased with their pool money. also
gentzler. i m jim vance. tonight the president of the university of maryland reacted for the first time to that videotaped beating of a student. that video diminishes the efforts of police in prince george s county to form a better relationship with the public. jackie benson is at police headquarters now with that report. reporter: jim, we know there were 100 officers on the scene that night. 50 of them have been questioned. two have been suspended and at least two more suspensions are expected. the video of university of maryland student jack mckenna being beaten by prince george s county police officers may be the last straw in a battle that s been wage forward nearly a decade in college park. police officers have been suspended in an internal use of force probe. the fbi is investigating possible civil rights violations. the prince george s county police department is stinging from accusations it has not made good on pledgees to reform. we will not go back. an isolate