“Sam Lesser isn’t old enough to go on Facebook without his parents’ help. But he may be the youngest victim yet of the social networking site’s turbulent IPO.

Lesser, an 11-year-old investor and business prodigy, tried to buy 300 shares of Facebook stock during the company’s initial public offering last week with more than $10,000 saved up from a small company he set up selling skateboards and bracelets.”

Read: 11 Year Old Sam Lesser Files A Dispute To Cancel His Facebook Shares - TIME
  • TIME
High-res reuters: Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price. The stock opened 11 percent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history. After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company’s closely watched stock began trading at $42.05, compared with an IPO price of $38. To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg — flanked by Chief Operating Officer Sheryl Sandberg and Nasdaq Chief Executive Robert Greifeld — rang the bell to kick off trading at the company’s Silicon Valley headquarters at 6:30 a.m. Pacific time. The 28-year-old billionaire founder hugged and high-fived Sandberg and other employees in celebration after he pressed the remote button. READ MORE: Facebook fizzles in debut, shares skirt IPO price

reuters:

Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.

The stock opened 11 percent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.

After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company’s closely watched stock began trading at $42.05, compared with an IPO price of $38.

To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg — flanked by Chief Operating Officer Sheryl Sandberg and Nasdaq Chief Executive Robert Greifeld — rang the bell to kick off trading at the company’s Silicon Valley headquarters at 6:30 a.m. Pacific time.

The 28-year-old billionaire founder hugged and high-fived Sandberg and other employees in celebration after he pressed the remote button.

READ MORE: Facebook fizzles in debut, shares skirt IPO price

High-res shortformblog: Speaking of totally geeking out over Mark Zuckerberg, extremely clever clothing company Betabrand, which has made a name for itself with a pair of dress pants made from the same material as sweatpants, has chosen to ride the Facebook wave with an “executive pinstripe hoodie,” a hoodie with the attributes of a suit. So next time your founder has to impress the business brass, he doesn’t have to lose his personal style on the way.

shortformblog:

Speaking of totally geeking out over Mark Zuckerberg, extremely clever clothing company Betabrand, which has made a name for itself with a pair of dress pants made from the same material as sweatpants, has chosen to ride the Facebook wave with an “executive pinstripe hoodie,” a hoodie with the attributes of a suit. So next time your founder has to impress the business brass, he doesn’t have to lose his personal style on the way.

“I got a text from a woman I hadn’t spoken to in five years and she offered me oral sex every day for the rest of my life for $2 million.”

David Choe, the graffiti artist, who will net $200 million in the Facebook IPO told Good Morning America

Teens migrating to Twitter _ sometimes for privacy

Teens don’t tweet, will never tweet - too public, too many older users. Not cool.

That’s been the prediction for a while now, born of numbers showing that fewer than one in 10 teens were using Twitter early on.

But then their parents, grandparents, neighbors, parents’ friends and anyone in-between started friending them on Facebook, the social networking site of choice for many - and a curious thing began to happen.

Suddenly, their space wasn’t just theirs anymore. So more young people have started shifting to Twitter, almost hiding in plain sight.

“I love twitter, it’s the only thing I have to myself … cause my parents don’t have one,” Britteny Praznik, a 17-year-old who lives outside Milwaukee, gleefully tweeted recently.