Stay updated with breaking news from Richard habib. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
From childcare to food and housing, families in some areas of the country can spend more than $30,000 a year according to an eye-opening new survey. Find out where your area ranks. ....
captioning sponsored by cbs this is the cbs evening news with scott pelley. o donnell: good evening. scott s on assignment. i m nora o donnell. the biggest game in town was south of manhattan where the debut of facebook stock turned into a spectator sport. the question was what would the stock do? the answer at the end of the day not much. priced at $38 a share last night, it jumped to $42 at the open but soon fell back and closed at $38.23, a gain of just 23 cents a share. but investors bought a record number of those shares, making facebook the biggest i.p.o. ever. anthony mason begins our coverage. reporter: stock offerings don t usually become tourist attractions. we came over here to see what the commotion was about. reporter: but outside times square today, a crowd gathered to watch facebook go public. it s giving me chills because it s awwesome. our mission is to make the world more open and connected. reporter: on the other side of the country ....
captioning sponsored by cbs this is the cbs evening news with scott pelley. good evening. scott s on assignment. i m nora o donnell. the biggest game in town was south of manhattan where the debut of facebook stock turned into a spectator sport. the question was what would the stock do? the answer at the end of the day not much. priced at $38 a share last night, it jumped to $42 at the open but soon fell back and closed at $38.23, a gain of just 23 cents a share. but investors bought a record number of those shares, making facebook the biggest i.p.o. ever. anthony mason begins our coverage. reporter: stock offerings don t usually become tourist attractions. we came over here to see what the commotion was about. reporter: but outside times square today, a crowd gathered to watch facebook go public. it s giving me chills because it s augs. our mission is to make the world more open and connected. reporter: on the other side of the country as facebook head ....
of you out there have built the largest community in the history of the world. reporter: on his own facebook page zuckerberg posted listed a company on nasdaq. then by remote he rang the opening bell. more than 570 million shares would change hands today. outside nasdaq, cynthia smith said it was a good investment. get in on the ground floor and you would be a fool not to get it, like apple. reporter: but others weren t calling their brokers. after all, facebook doesn t produce a product so one has to ask why so much money. reporter: after rallying briefly, the most anticipated new stock in years ended the day about where it began. was this a fizzle, in effect? this was not a successful i.p.o. reporter: max wolfe is an economist with greencrest capital. the average first day is about a 15% gain overall and in tech land it s larger, about 25% gain and we have basically a nothing percent gain. so they unveiled the great new starlet of the tech world here ....