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3XSQ: Zuckerberg feeling the pain over Facebook's selloff

Friday, August 17, 2012 - 04:35

Aug 17 - The Wall Street Journal reports Facebook CEO Mark Zuckerberg has started addressing the company's stock price with employees, calling it ''painful'' to watch.

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Ahead on the Mark Zuckerberg relating to employees and -- artillery architecture. Later in the show. Welcome to three times where it is Friday from Reuters world headquarters in New York. We know that they have to relate to those they lead. I feel your pain it. Have -- Mark Zuckerberg is reportedly getting the same message that Wall Street Journal says that FaceBook CEO has started addressing the company's stock price with employees. The paper says he told a company wide meeting this month it may be quote painful to watch the share price fall. All the stock did Thursday after the expiration of the lock up restrictions on 270. Million shares. Closing at 1980s said and it's now -- and just care about 995. From FaceBook to Twitter and the folks there tightening noose is rather than belts. Making the company our power player of the day the social media site clamping down on independent software developers who make acts. For Twitter like -- pot in an effort to take greater control of their platform. New third party apps must now cap their user base and 100000. Twitter trying to move as a way for these apps and onto Twitter sanctioned programs to better serve their advertisers and measure their performance. Last month Twitter and did a deal that allowed tweaks to be shown on linked it. The well at JPMorgan and ally or probe may -- Wall Street for a bonuses this year. That according to a report from compensation consulting firm Johnson associates. But don't feel too bad for the bankers and brokers that firm estimates that the bonuses will still rise up to 5% this year which is less than have to gain projected today. Executives concede -- climbed 10% while bond traders could -- twice that. The story bit brighter for retailers literally. -- saying strong sales of bright colored jeans contributed to a nearly 30%. Jump in quarterly profit it also raised its forecast for the year. Well and tellers say it's bright colored clothes helped it report and other strong profit sales rose 7%. Checking shares now. Gap is up about two and a half percent and and Taylor up about seventeen and a half percent. The brightness in Europe being attributed to Angela Merkel. Are -- McKiver joins us from London Jamie Angela Merkel. Phillips and yes indeed the. Officers asked the -- -- islands. Disappointing perhaps on an apple wasn't waiting and it was brightly colored jeans but enough first public comments ascent since he came back from holiday. She told reporters in Canada that -- ECB president money -- drug is. Famous declaration to do what -- it takes to save the fuel was that completely in line with -- thinking. And of course this would involve buying short dated and Spanish bond Italian bonds. This is exactly what markets want to here but you suspect that how -- -- crowd going along with this sound completely and -- quotes. Taken strictly at face value might not tell the whole story of course Germany has -- -- opposed to EC BM unconventional policies. I'm much more to come on not next week -- a little we will have a CDs of mean meetings between -- and natco herself and come to pops Athens Greece Italy have fronts in Spain so much more to come and not next week. All right Jamie thanks so much from London. And finally getting hawkish on architecture. Unmanned aerial vehicles or drones usually used in combat are now being developed for it in half. Studying historic buildings and landmarks. University of Granada in Spain working with intelligent you died and -- to build drones that look to boost our interest in buildings routed and here the structures down. The -- very -- with 3-D imaging and -- yes. And our man. On the ground. That's the latest -- times where it is Friday you can follow us on Twitter at Reuters Insider and check out our -- YouTube channel at Reuters dot com. Flash players TV. I'm Lisa Bernhard this is letters.

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3XSQ: Zuckerberg feeling the pain over Facebook's selloff

Friday, August 17, 2012 - 04:35