spending and not austerity is is the path out of the economic crisis. these nations will unify behind an effort to push job creation through government spending and soon will announce what they call a growth and jobs action plan to back it up. host of the daily rundown, chuck todd, joins us live from the summit in mexico. this essentially amounts to the nations that took the route that it s been a failure and it s time to change. well, i think there are some that are going to look at it that way. i think some of the european nations might argue who are on the austerity side, that the financial crisis in europe overwhelmed any efforts and because of that, they re in this situation now, but the fact of the matter is that is the message that s going to come out of the, of this group, this meeting here, the 20 largest economies. they re going to say, particularly the noneuropean members here, the asian members,
people who will buy it before it goes public. high net worth retail investors, you know, relatively rich people who trade often. and then there s everybody else, the average joe retail investor. that s likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we ll talk later about whether one should or shouldn t buy this. what do you think a retail investor who gets on to their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? you know, you said $90 a share, i said a 50% premium. this is one of those situations where it depends on how much stock is shorted by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn t approach the stock on friday or the next monday, tuesday, or wednesday. i wouldn t go near it. would not go near it. so you think 50 bucks, somebody gets it for? a 50% premium? 50, 60, you re talk
collaborative fund, an early facebook investor. all right. so there are four kinds of investors viewing for a cut of this ipo. early stage investors like craig, they got involved a long time ago. institutional investors, the people who will buy it before it goes public, high net worth retail investors, relatively rich people who trade often, and then there s everybody else, the average joe retail investor. that s likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we ll talk later about whether one should or shouldn t buy this. what do you think a retail investor who gets opt their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? you know, you said $90 a share, i said a 50% premium. this is one of those situations depends how much stock by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn t approach t