CNN 2012-05-18

 Today, we are gonna take stock of social network going public,and here some advice for college graduates, but we start with a new political area in France, Francis Hollade is the new leader of that country, he is the 1st French president since 1995 who is a member of the socialist¹ political party, here you see Hollade on the right with outgoing president Nicolas Sakarzy, the new president was sworn in at inauguration² on Tuesday, during a speech that afternoon, he said quote the challenge of this term is recovery, France will rise again, and build on the strength, any energy of its creators, of its engineers, its researchers. After he was sworn in this president, Hollade immediately headed to Germany to meet with that country's leader Chacelor. Of the all the countries that use the euro as their currency, Germany and France have the largest economies, to they have a lot of influence on the European economy which has been struggling. 

 

 

The American president spent part of yesterday paying tribute to US Law Enforcement officers, president Obama took part in the National Peace Officier's Memorial Service. The tradition started 30 years ago, it honors men and women who lost their lives in the line of duty in the last year and it's part of national police week. That includes events like this candle light vigil from Sunday, according to a report that was released by the FBI on Monday, 72 law enforcement officers were killed in 2011, that's an increase from the previous year, and FBI Director Robert Moller said quote each of these losses is devastating³ and each one reminds us that the safety in the freedom we enjoy come only at a great cost.

 

 

See if you can ID me, I am an entrepreneur who was portrayed⁴ in Oscar-winning movie, I went to college at Harvard, but I didn't graduate. I've been listed as one of the world's youngest self-made billionaires, and many of you use my social network everyday. I am Mark Zuckerberg, the co-founder in CEO of facebook, the Zuckerberg and some of his friends launched fackbook in 2004, started in his dorm roommates at Harvard, now more than 900 million people are on the social networking site. By the end of this week, you could have a chance to own a piece of this company, right now facebook is a private business,but this Friday, it's expected to go public, that means facebook will start selling shares of stock,  Mark Zuckerberg and some company executives had been traveling around  the country the past few weeks, they are trying to figure out how demand there is for facebook stock, that's how they will set the price for the company's IPO, Alley⁵ explains what that is and why this matter. The IPO, initial public offering, it's the 1st time that a privately⁶ held company offers the chairs to the public, now there are a few reasons why they do this, one, they pay off early stage investors⁷, two, it's prestigious⁸, but three, they raise much needed money to expand business. Tom Adam was the CEO of Rozada Stone, a language learning software company which went public on April 17th 2009. The actual IPO day is fantastic moment for the company, because effectively you've had to do a lot of work to be ready to go public, it's saucily⁹ numerous pride for everybody. But before a company can't do its IPO, it has to set a price for the stock, and then go on a rouge¹⁰ show. You basically get the feeling like rock star for about 2 weeks, the bank is what put you on a private plane, and fly you around, cause it's such a urgency to get to as many meetings as possibly you can, so you set off going to tell you your story, and I think you have to just tell, like it is, and very much explain for good and bad of the company, because these are long-term relationships that your company is gonna set and have within invest base until you want to hit the right bounds. The IPO process is too complicated for a company to undertake itself, so they hire investment bankers to underwrite it. So you have essentially¹¹ all of different banks you've conceded, come to present, to you, and evaluate bare assessment¹² of the company and how they would present them and sell them.  The big question: how high do you set the price? you are trying to get the range at a level where people will have a conversation, that's vital. So low enough to produce demand, but high enough that you make money of them, so high enough that your incumbent¹³ invest, the people who've been with you for a long time will be very happy about the outcome, and so you've got balance attitude, and you know, that's something you just have to get them. Companies can make a lot of money going public, instant millionaires, you pay off your early stage investors, you got money to expand, but there is a trade-off, when you are a private, nobody minds your business, when you are public, it's everybody's business. 

1 socialist   

n.社会主义者；adj.社会主义的

参考例句：

• China is a socialist country,and a developing country as well.中国是一个社会主义国家，也是一个发展中国家。
• His father was an ardent socialist.他父亲是一个热情的社会主义者。

2 inauguration   

n.开幕、就职典礼

参考例句：

• The inauguration of a President of the United States takes place on January 20.美国总统的就职典礼于一月二十日举行。
• Three celebrated tenors sang at the president's inauguration.3位著名的男高音歌手在总统就职仪式上演唱。

3 devastating   

adj.毁灭性的，令人震惊的，强有力的

参考例句：

• It is the most devastating storm in 20 years.这是20年来破坏性最大的风暴。
• Affairs do have a devastating effect on marriages.婚外情确实会对婚姻造成毁灭性的影响。

4 portrayed   

v.画像( portray的过去式和过去分词 )；描述；描绘；描画

参考例句：

• Throughout the trial, he portrayed himself as the victim. 在审讯过程中，他始终把自己说成是受害者。
• The author portrayed his father as a vicious drunkard. 作者把他父亲描绘成一个可恶的酒鬼。 来自《现代汉英综合大词典》

5 alley   

n.小巷，胡同；小径，小路

参考例句：

• We live in the same alley.我们住在同一条小巷里。
• The blind alley ended in a brick wall.这条死胡同的尽头是砖墙。

6 privately   

adv.以私人的身份，悄悄地，私下地

参考例句：

• Some ministers admit privately that unemployment could continue to rise.一些部长私下承认失业率可能继续升高。
• The man privately admits that his motive is profits.那人私下承认他的动机是为了牟利。

7 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

8 prestigious   

adj.有威望的，有声望的，受尊敬的

参考例句：

• The young man graduated from a prestigious university.这个年轻人毕业于一所名牌大学。
• You may even join a prestigious magazine as a contributing editor.甚至可能会加入一个知名杂志做编辑。

9 saucily   

adv.傲慢地，莽撞地

参考例句：

• The servants likewise used me saucily, and had much ado to keep their hands off me. 有几个仆人对我很无礼，要他们的手不碰我是很难的。 来自辞典例句

10 rouge   

n.胭脂，口红唇膏；v.(在…上)擦口红

参考例句：

• Women put rouge on their cheeks to make their faces pretty.女人往面颊上涂胭脂，使脸更漂亮。
• She didn't need any powder or lip rouge to make her pretty.她天生漂亮，不需要任何脂粉唇膏打扮自己。

11 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

12 assessment   

n.评价；评估；对财产的估价，被估定的金额

参考例句：

• This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。
• What is your assessment of the situation?你对时局的看法如何？

13 incumbent   

adj.成为责任的，有义务的；现任的，在职的

参考例句：

• He defeated the incumbent governor by a large plurality.他以压倒多数票击败了现任州长。
• It is incumbent upon you to warn them.你有责任警告他们。