Facebook worth $100 billion? Video

Facebook worth $100 billion? Video Transcript

It's Monday, January 30th, 2012. I'm Bridget Carey on CNET.com and it's time to get loaded. Get ready for Facebook to be a public company this week and it will be one of the largest initial public offerings ever if not the biggest from the tech industry. The Wall Street Journal sources say Facebook could be seeing a valuation between 75 billion and 100 billion. And it's reportedly seeking to raise as much as 10 billion. If that's true, Facebook stock market launch would be 6 times larger than Google's IPO. Facebook is not commenting, but it's speculated this could happen on Wednesday. Facebook stock may have high value but a new poll suggests that majority of users do not think highly of the network appalled by security from Sophos. Asked what users thought the new Facebook timeline profile which is ruling out 800 million members over the next few weeks. 51% said the new profile worries them, since it makes it very easy to pull up old posts and apps. Can show activity automatically without a user needing to click a button to share or like something. More than 32% said they don't know why they're still on Facebook. Nintendo has announced it will create an online gaming network a similar product to Xbox live or PlayStation network. It will be called the Nintendo Network and it will offer full game downloads and add ons as well as let users play against each other online. It will be integrated into the new Nintendo 3DS and the upcoming Wii U console. And the Nintendo Network users will also be able to customize their personal accounts and maybe that means the accounts will have usernames instead of a hard to share string of 16 characters. On Saturday, many Twitter users held a protest against Twitter by refusing to tweet calling it a Twitter blackout only you may not have been aware of it since users were not tweeting during the time. The protest was in response to Twitter saying it would allow the censorship of tweets coming out of some countries if those tweets break local laws. After the outcry, Twitter officials clarified that the company still push for free speech. But the new policy allows the tweet to be taken down in one country but still seen everywhere else, so a tweet is not deleted from everyone's view. If a tweet is censored there will be a notice that there was a request for it to be removed. More than 5 million Android users may have downloaded apps infected with Malware according to security firm Symantec. The bad apps were disguised as free games and the official Google entry marked under titles like Counter Strike Groundforce, Balloon Game and Sexy Girls Puzzle. Symantec says these apps can steal personal information from users, but another security company argues these apps more likely Ad-Aware, something that corrupts the users settings and forces advertisements to appear on the screen where they don't belong. Either way, it's a good idea to practice safe app downloading and stay away from those sexy girls apps. All right folks. Those are your headlines for today. I'm Bridget Carey for CNET.com and you just been loaded.