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good evening, everyone. i m erin burnett. outfront tonight, facebook not making many friends this evening because just a few hours ago, facebook came out with its first earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebook s shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. $26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform m ....
earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebook s shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much better than nonsocial ads so our job over the next few years is to increase the percentage of ads that are social and engaging. social and engaging ads. well, you know, advertisi ....
outfront tonight, facebook not making many friends this evening because just a few hours ago, facebook came out with its first earnings report as a big public company. and it did do about what people thought. revenue was up 32% from a year ago. that may sound good but the problem is facebook s shares are taking a big hit. you remember, this is a company that was second biggest stock market launch ever. today facebook shares closed at 26 a share. you see that black diamond-looking ski slope. it s falling even after the market closed tonight. down about 30% from where it went public. this obviously has hurt a lot of people who struggled to try to get shares of this ipo. why are people so nervous? there s one word and it s money. during tonight s conference call with investors, mark zuckerberg, the ceo of facebook, made it clear that making money from advertising is a top priority. we know that social ads perform much better than nonsocial ads so our job over the next ....
Of them. an update on yesterday s twitter outage. the company is blaming a cascading bug for bringing down the site for at least two hours. the company says the issue is now fixed. and we re free to tweet. miami heat fans are rejoicing today after king james finally got his crown and brought him the nba title. the heat defeated the oklahoma city thunder 121-106 in game five of the finals last night. the heat lost the first game but then won four straight leading to immense sorrow in cleveland this morning and even washington, d.c. i would argue one title for lebron in cleveland would have equalled five in miami but he chose the easy way out. no budget, no pay. that s a new bill, a bipartisan group of lawmakers is trying to push through the house. the premise? hold lawmakers to a simple work ethic. if you don t get the budget passed each october, then you don t get your salary. joining me now, lead sponsor of the bill, congressman jim ....
Responsibility. instead blaming what it called a cascading bug. if this week s heat wave what you dreading your next electric bill. a mom in texas opened hers to find charges of $1.3 million. the utility company admitted it was just a computing error. thankfully. coming up, the heat put on a record-breaking performance to earn themselves the nba title, which means, love him or hate him, king james earned his first nba crown. your first look at sports is straight ahead. you re watching first look on msnbc. don t wait. go to afibstroke.com for a free discussion guide to help you talk to your doctor about reducing your risk. that s afibstroke.com. ....