(LAUGHTER)

-- you know, taking this company from nothing to everything. The greatest, biggest, most successful. I suppose some reporters played into that. But it was the -- it was very soon after that that people began asking questions about Facebook. And I think the stories about whether or not it was overvalued occurred almost immediately.

RATNER: But they didn't occur before. And Simon Lack (ph) did talk about a stock for those who were -- would not want to be distracted by financial statements if they only earned a billion. But the other issue is, you know, we get vacation-buying guides of where to go on vacation. Why don't we get a guide on this?

SCOTT: Up next, the man who has helped you tune in to Fox News channel.

(COMMERCIAL BREAK)

SCOTT: Think about all the inventions that have really truly changed how we live our lives -- the Internet, cell phones, electricity, the fork. What one device is so essential to daily living that, if misplaced, it ignites a panicked search to find it? We're talking about the TV remote. Eugene Polley, the inventor of the first wireless TV remote, died this week. He was 96.

Debuted in 1965, the Flash-matic was shaped like a gun. It fired light signals to Zenith televisions. The ads read, "Just think, without budging from your chair, you can turn your new Zenith Flash-matic set on, off, or change channels. You can even shut off annoying commercials while the picture remains on the screen." Back in that day, the Flash-matic was considered a luxury.

Today, with hundreds of cable channels to surf through, the remote is really a necessity. Polley's invention made the TV audience less captive, though also less active, giving birth to a new group of humans called couch potatoes.

Polley, proud of his invention. In 2002, he told an interviewer, quote, "That the flush toilet may have been the most civilized invention ever devised, but remote control is the next most important. It's almost as important as sex."

(LAUGHTER)

And that's a wrap for “News Watch” for this week.

Thanks to Judy Miller, Jim Pinkerton, Cal Thomas and Ellen Ratner.

(LAUGHTER)

I'm Jon Scott. Thanks for watching. And don't touch that remote.

(LAUGHTER)

Please remember our troops this holiday weekend, all of those that have given their lives for this great nation as we mark Memorial Day.

Content and Programming Copyright 2012 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2012 CQ-Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of CQ-Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.