Meet the small investor who lost his college fund buying Facebook stock

11-year-old Sam Lesser learned a hard lesson when he broke open his piggy bank to buy 300 shares of Facebook stock for $10,000 last week.

In the blink of an eye, the fifth-grader lost 25% of his investment ($2,500) along with millions of other small investors who hoped to make a fast buck.

The small investors aren’t alone; 28-year-old Facebook CEO Mark Zuckerberg is losing, too — at the rate of $15 million per hour.

Facebook stock has nosedived to under $27 today from its initial price of $38 on May 18.

Investors have filed a lawsuit in Manhattan Federal court alleging insider the large banks that managed Facebook’s IPO launch.

Sam’s mother filed a dispute at their local Fidelity Investments to get Sam’s money back.

“We’ve spoken with three senior traders and nobody seems to have any answers at Fidelity,” said Lesser’s mom.

“We feel misguided and misled,” she said, adding that some of her son’s potential profits were going to go to Lance Armstrong’s LiveStrong charity.

“They are holding my money hostage,” said Sam, who bought shares of Apple stock when he was 5. He declined to say how much that stock is worth today.


More from Sandrarose.com:

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  • FACEBOOK UNDERPERFORMS: If you bought Facebook stock today, be very afraid!
  • Caine’s Arcade: 9-year-old boy builds arcade out of cardboard
  • Secret Service Probe Bullet-Riddled Image of Obama on Cop’s Facebook Page


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    96 Responses to “Meet the small investor who lost his college fund buying Facebook stock”

    1. 1
      Xena68 says:

      Should have spread it around instead of on that one stock :smack:

    2. 2
    3. 3
      Cariblife says:

      If he has that much to “invest” he has that much to lose because the stock market is always a bet, no guarantees. And where the hell was his momma when he was taking this money to buy the stock in the first place, hoping to make some change too?? She has no right to complain now about this mess, suck it up and on to the next one.

    4. 4
      Tainted_Love says:

      I’m sure this little joker isn’t hurting for cash!

    5. 5

      ummm, this shyt HAPPENS when you rush and don’t wait…what the fukk is his mom disputing???

    6. 6
      Ms. Everything says:

      What parent would allow an 11 year old to take $10,000 to buy ANYTHING but especially 300 shares of a brand new stock before anyone had a chance to really see what it would do?? Don’t blame facebook blame the dumb ass parents who gave this kid access to do this :no:

    7. 7
      DownBottom says:

      Tainted_Love says:

      I’m sure this little joker isn’t hurting for cash!
      *************
      :cosign:

    8. 8
      Bird says:

      Are we supposed to feel sorry for him? Was his little 11 year old greedy azz trying to get rich quick? Why else would he (his parents) use his college fund for FB stock? N*gga please.

    9. 9
      YSoSrs says:

      Good. Where the fck does an 11 year-old get $10,000 to spend on ANYTHING? Yes, that is hate you hear. :coffee:

    10. 10
      CookieMonsterZ says:

      Investors have filed a lawsuit in Manhattan Federal court alleging insider the large banks that managed Facebook’s IPO launch.
      ______________________________________
      That sentence is confusing.

      Anyways, he could always sell now and take the loss now before he loses everything. (Btw, 25% is a big difference from 100%).

      Morning all!

    11. 11
      gypsyeyes says:

      Good ploy for his parents to put him out there like that…He will get a scholarship for all 4 years from someone in 5.4.3.2.1

    12. 12
      NaijaGal says:

      Do people not know that the stock market is just legal gambling??? somethings you win, sometimes you lose…and when it’s a high risk stock, it may take years for any gain…people kill me

    13. 13
      J Said it! says:

      For all the feeble minds that put money into facebook… you just proved to the 1% that you FALL for anything!!! Wake yo Azz up!…

    14. 14
      Aprilbaby says:

      Morning All!

      That Mac desktop looks like it cost close to $3000! I’m sure he’s good.

    15. 15
      NaijaGal says:

      @gypsy you’re probably right :thinking:

    16. 16
      Usual Suspect says:

      Good ploy for his parents to put him out there like that…He will get a scholarship for all 4 years from someone in 5.4.3.2.1

      ___________
      Probably Mark, but it will be anonymous

    17. 17
      Ms. Everything says:

      Ok he also owns Apple stock so I’m guessing his parents taught him about the stock market early and allowed him to pick certain investments and put the money earned toward college. Not a bad idea at all but people need to realize that stocks are not guaranteed and these things happen. That’s why you don’t put all your money in the market. Never invest more than you can stand to lose. He just learned a hard lesson and his mom has no room to file suit on his behalf

    18. 18
      Bibi says:

      @Gypsy

      :cosign:

    19. 19
      Ms.Fashion says:

      Welcome to the real world kid!! You wanted to play with the big boys then cry like a kid when you get trampled??? :rolleyes:

      There is a lesson for every action.

    20. 20
      CookieMonsterZ says:

      And anybody who knows how trading works would have looked at FB’s financials beforehand and saw that the IPO was overpriced. There are ppl out there who are still waiting for the stock to drop even more before they buy. Those will be the ones on the come up.

    21. 21
      Gigi26 says:

      Well I don’t feel sorry for him, that kid has apple stock so he’s winning someway.

      Me thinks he should have not fallen into the hype. Hope he’s learned his lesson.

      I wish I had 10gs to throw on a damn FB stock, shiiiid.

      And his mom needs to have a seat cuz she’s not getting anything back. Invest-YOU LOSE OR WIN. He lost, Get over it.

    22. 22
      J Said it! says:

      This isnt the first time wallStreet duped the people!!!!

    23. 23
      gbellab says:

      Oh please! Mommy and daddy can give him that money right back. And dafuk is an 11 yr old doing buying stock? He should be playing sports to get some of that sugar out of his tank IJS

    24. 24

      NaijaGal says:

      Do people not know that the stock market is just legal gambling??? somethings you win, sometimes you lose…and when it’s a high risk stock, it may take years for any gain…people kill me

      _______

      EXACTLY…and if he’s been investing for all these years he should KNOW this! you never purchase large amounts of stock in one company if you’re looking to use that money in under ten years! :yes:

    25. 25
      Gigi26 says:

      And dude is living GOOD with them expensive ass cookies on his desk, (yes I am hating on his MAC computer too)

    26. 26
      Ms.Fashion says:

      Should have invested in a lemonade stand instead. :coffee:

    27. 27
      J Said it! says:

      FACEBOOK going public.. the big announcements.. they even had local radio stations pitching advertisements to their listeners… It was a SCAM! Wallstreet dictates just about every part of livin right now!! how you spend when you spend how much you spend etc…

    28. 28
      MZ_CARAM3L74 says:

      YSoSrs says:

      Good. Where the fck does an 11 year-old get $10,000 to spend on ANYTHING? Yes, that is hate you hear.
      *********************************
      :lol:

    29. 29
      Ms. Everything says:

      Wall Street didn’t dupe the people, the people duped themselves thinking FB ( a social media site that will eventually go the way of social media before it) was gonna blow up like Apple did. But anything on the internet is a risky investment because it doesn’t have anything tangible holding it steady. Internet companies come and go, some get rich, many other’s fail miserably. Mark is losing money but he’ll be okay in the end.

    30. 30
      CookieMonsterZ says:

      This isnt the first time wallStreet duped the people!!!!
      _______________________________________
      Exactly. Ppl are only paying attention bc it’s FB.

      AND you have to be 18 to legally trade/have a trading account. :coffee:

    31. 31
      Gigi26 says:

      Mark should’ve done the IPO YEARS AGO when FB was at its peak! Now its biting him in the ass. Whoever the firm was that handled this did a piss poor job and ripped him off heavily.

    32. 32
      pointhimout says:

      hype is what pumped up this stock. there was no valid reason FB stock was $30 anything per share. This stock will eventually tumble to about $10 a share, as it shouldn’t be anywhere above $4-5. Buy low, sell high. I get it. No way. They’re stock is too new and volatile. No way I’d buy it right now. Now FB will have to come up with another hype story or tidbit to get media to pump it, i.e. raise the stock price.

      He should hold out a little longer. It’s coming. FB thought the wedding announcement would do that, but it was a big FAIL.

    33. 33

      He is not hurting for no money, with that mac computer he is working on :coffee: We offtopic yet ?

    34. 34
      Phrozen1der says:

      Shyt happens,don’t jump at everything trying to make a quick buck… :shrugs:

    35. 35
      Gigi26 says:

      AND you have to be 18 to legally trade/have a trading account.
      ^^^^^^^

      Case dismissed. :tea:

    36. 36

      Gigi26 says:

      Mark should’ve done the IPO YEARS AGO when FB was at its peak! Now its biting him in the ass. Whoever the firm was that handled this did a piss poor job and ripped him off heavily.

      ________

      I’ve always said this…he should have went public when ‘The Social Network’ came out and EVERY BODY including folks grandmas were opening a facebook account…it has been on a slow decline for awhile which is why the privacy rules keep changing and that timeline bullshyt came out giving it a new (and annoying and slow) appearance…

    37. 37
      Anna says:

      gbellab says:

      Oh please! Mommy and daddy can give him that money right back. And dafuk is an 11 yr old doing buying stock? He should be playing sports to get some of that sugar out of his tank IJS

      ~~~~~~~~~
      Isn’t Bobbi Kris being investigated for underage gambling? How is this kid abel to play the stock market? What is FB selling that ppl are buying stock? FB is not a product.

    38. 38
      gypsyeyes says:

      If yall think that 11 yr old boy went to a stock broker and invested that money yall must be sniffing bath salts. his parents put that boy out there so that they could recoop that money. They aint hurting I’m sure.
      Lets analyze this thing for a minute
      Apple computer
      Home schooled look in the back with a science book strategically placed
      Saying that he has stock in Apple.

      These people are not dumb. College and house will be paid off by some idiot by next Tuesday!

    39. 39
      J Said it! says:

      Ms. Everything says:

      Wall Street didn’t dupe the people, the people duped themselves thinking FB ( a social media site that will eventually go the way of social media before it) was gonna blow up like Apple did. But anything on the internet is a risky investment because it doesn’t have anything tangible holding it steady. Internet companies come and go, some get rich, many other’s fail miserably. Mark is losing money but he’ll be okay in the end.

      ~~~~
      Chile please!!!! its politics.. its bigger than whats in front of you!!! it was a design for the 1% and not the 99%.. Facebook higher ups and insiders gon eat.. but the ploy was for them to eat some more off of mainStreet (taxpayers)

    40. 40
      SunnyK says:

      Ms. Everything says:

      What parent would allow an 11 year old to take $10,000 to buy ANYTHING but especially 300 shares of a brand new stock before anyone had a chance to really see what it would do?? Don’t blame facebook blame the dumb ass parents who gave this kid access to do this

      ————————–

      AGREE!

    41. 41
      69 says:

      Sandra Rose says:

      The small investors aren’t alone; 28-year-old Facebook CEO Mark Zuckerberg is losing, too — at the rate of $15 million per hour.
      ______________________________________________________________
      If he was perpetually loosing money at that rate, he’d be broke as hell before the end of the month. I hate the media sometimes. :rolleyes:

    42. 42
      CookieMonsterZ says:

      Anybody else noticed that ppl are putting confidentiality agreements on their page? Apparently, now that FB is publicly traded anybody’s profile info can be used publicly (regardless of privacy settings).

      I’m not sure if that is true though.

    43. 43
      JMO says:

      I could really go for those cookies on his desk :think:

    44. 44

      Diversify is RIGHT – I gave that advice there is no one company that I would put all my money into :coffee:

    45. 45
      Phrozen1der says:

      *Kicks over MAC and ran sacks room* FUGG yo room kid!!!! :hahaha:

    46. 46
      J Said it! says:

      Anna says::

      What is FB selling that ppl are buying stock? FB is not a product.
      Im so glad you asked…. I was man once said, it you are getting services for free, you must consider that you are the product!

      Facebook sells your information to other countries, businesses entities, agencies, terrorists etc… Take heed!
      I let it be known to my peeps not to invest in a company that would sell your info!!! Yall better pay attention!!!! we are now living in a survelliance STATE

    47. 47
      MissHarlem says:

      :rofl: along with :hahaha: and then :haha: *grabs stomach from laughter* scrolls back up to read again and then :rofl: *wipes tears*

      Now I know this may be mean to others but to me this chit is way past funny

    48. 48
      Gigi26 says:

      I’ve always said this…he should have went public when ‘The Social Network’ came out and EVERY BODY including folks grandmas were opening a facebook account…it has been on a slow decline for awhile which is why the privacy rules keep changing and that timeline bullshyt came out giving it a new (and annoying and slow) appearance…
      ^^^^^^^^

      :yes: He would’ve made BANK. What set a red flag was one of his partners renouncing his American citizenship. You can’t try to make money the American way and not be legally an American. :no:

    49. 49
      69 says:

      Sandra Rose says:

      Meet the small investor who lost his college fund buying Facebook stock
      _____________________________________________________
      Well, I can count nobody’s pocket but if his little ass starts with selling that MAC he’ll get a jump start on recouping what he lost.

      :kona: <— (Me leaving before I stir up trouble by assuming a couple of things about this kid and the financial status of his parents and other issues)

    50. 50
      Phrozen1der says:

      @Harlem I’m amused :shrugs: :lol: <—–Really laughing like shyt!!!

    51. 51
      Carrington says:

      “Sam’s mother filed a dispute at their local Fidelity Investments to get Sam’s money back.”

      GTFOH!!!

      If she let his 10 year old a$$ GAMBLE (and let’s be real, that’s EXACTLY what the stock market is fukkin’ GAMBLING) then she should have taught his a$$ that, “ya win some, ya lose some”.

      You don’t let your child gamble and then ask for his money back after he loses, trollop! This is a life lesson for him. You were PERFECTLY OK with his a$$ taking a gamble when you thought he’d WIN… you weren’t going to tell his a$$ to give the money back.

      If you were REALLY a good parent, you would have taught him to use the stock market and buy stock in something that’s a sure winner – like BURGER KING… cause I hear THEY know, “What’s in the chicken wrap!?!?!?”

      I took a gamble on some Kenneth pants that were OBVIOUSLY made for white boys with no “curves”… I sat down and my nutz busted through the seam like Ice T’s broad tryin’ to fit her “girls” in a b cup.

    52. 52
      YSoSrs says:

      I care when I lose $20. I give not one dusty fck when a billionaire loses a few million. :shrugs:

    53. 53
      OutsidetheBox says:

      FUGG yo room kid!!!!

      IKR! :lol: Brat!

    54. 54
      Anna says:

      J Said it! says:

      Anna says::

      What is FB selling that ppl are buying stock? FB is not a product.
      Im so glad you asked…. I was man once said, it you are getting services for free, you must consider that you are the product!

      Facebook sells your information to other countries, businesses entities, agencies, terrorists etc… Take heed!
      I let it be known to my peeps not to invest in a company that would sell your info!!! Yall better pay attention!!!! we are now living in a survelliance STATE

      ~~~~
      Thanks, I forgot about that.

    55. 55
      MissHarlem says:

      PHRO I mean come on son *Ed Lover voice* what part of the game is this? Am I suppose to feel sorry for him? Uhhhhh NOPE not here this gave me LIFE just now :lol:

    56. 56
      SAUCEY82 says:

      Good Morning SR family :waves:

      :offtopic: this is some Good News to start my Long Work day Thought I’ll bring a smile to everyone’s heart:

      Exonerated Rapist Brian Banks Will Tryout With The Seattle Seahawks
      According to The Huffington Post:
      Brian Banks will get a crack at the NFL, even if it’s simply a tryout.
      The Seattle Seahawks confirmed Wednesday they will hold a tryout for Banks, a former high school football star who was exonerated last week in a California rape case in which he was falsely accused.
      Seattle coach Pete Carroll did not speak following the Seahawks’ offseason workout on Wednesday, but the team confirmed that Banks will work out for the team on June 7.
      “This is what I have dreamed about my entire life,” Banks said in a statement from the California Western School of Law, home of the California Innocence Project. “I am ready to show the NFL what I am capable of doing. I want as many opportunities with as many NFL teams who are willing to give me a shot.”
      Seattle may not be the only team. The statement says a half-dozen NFL teams have gotten in contact with Banks, and ESPN.com reported some of those include the Kansas City Chiefs, Washington Redskins and Miami Dolphins.
      This is AWESOME news! We’re sure there are some shady NFL teams that only want to give this young man a tryout for some good PR, but nonetheless we are very happy for Brian!
      Flip the page to read more about how Wanetta Gibson’s mother conspired to set Brian up so she could make it rain with her beyotch-a$$!

    57. 57
      Phrozen1der says:

      *jumps all over his bed and pushes him down* :coffee:

    58. 58

      <—been thinking about closing my FB page for a hot minute…it might happen VERY soon…I ain't never on there ANYWAY! :lol:

    59. 59
      69 says:

      :offtopic:

      How many of us live in the Sunbelt in this post? It’s hotter than a mutha****a outside. This sht has got to give. :no:

    60. 60
      CookieMonsterZ says:

      I took a gamble on some Kenneth pants that were OBVIOUSLY made for white boys with no “curves”… I sat down and my nutz busted through the seam like Ice T’s broad tryin’ to fit her “girls” in a b cup.
      ________________________________________________

      :dead:

    61. 61
      Phrozen1der says:

      @Saucey I read that too :yes:

    62. 62
      YSoSrs says:

      @CARRINGTON

      Go take a nap. :hahaha:

    63. 63
      gypsyeyes says:

      Exactly @Carrington

      WHAT’S IN A PORTFOLIO

    64. 64
      Ididntreallymeanit says:

      he should have went to a professional, and his mother needs to sit down. Take it as a lesson learned.

    65. 65
      J Said it! says:

      And yall falling for this.. the true reason faceboook is losing stock is because he has banked what its worth… he and the higher ups are set!.. Companies/businesses are no longer considerin advertising on facebook because they have meet their goal.. It seems like news to mainstreet but timin is good for the 1%..

    66. 66
      Phrozen1der says:

      @Harlem @OTB :rofl: *Books flight to his hometown to go to his school and e-bully him* #iKid….sorta :coffee:

    67. 67

      When I worked in banking I had a lot of customers who would bring their little Tommy’s and Cooper’s in to open up CD’s or Money Market accounts with their $10-20K. shyt used to piss me off back then (yes, I’m hating) and this little fukker up here couldn’t pay me to give a hot fukk about his loss now (still hating) …and… :coffee:

    68. 68
      CookieMonsterZ says:

      Exonerated Rapist Brian Banks Will Tryout With The Seattle Seahawks
      ________________________________
      Good for him! He was the only guy in his class being recruited by SC when Pete was the coach. Glad he’ll get his chance now.

    69. 69
      Gigi26 says:

      Probably rich Jewish kid living on the Upper East Side of Manhattan. Life is good for you n shyt while everyone else gotta damn near starve to make a buck.

    70. 70
      Ididntreallymeanit says:

      Saucey82 thats great

    71. 71
      SAUCEY82 says:

      @Phro
      Just soem real good news for this busy bull-ish day

    72. 72
      YSoSrs says:

      :dead: @PHRO

    73. 73
      MissHarlem says:

      “ya win some, ya lose some”.
      But ya fight to see another day :rofl: sorry CARRINGTON but Pops came in my head when I read that but you are correct sir

    74. 74
      69 says:

      :newpost: is up and it’s about Percy Miller, Jr

    75. 75
      JMO says:

      Phrozen1der says:

      *jumps all over his bed and pushes him down* :coffee:
      ________________________________________________________________

      IGO got you beatin kids azzes now :lol:

    76. 76
      DownBottom says:

      :lol: @Phro, Thanks for that update @Saucey :thumpsup:

    77. 77

      :hugs: @SAUCEY, Harlem, Phrozen

    78. 78
      Phrozen1der says:

      “I took a gamble on some Kenneth pants that were OBVIOUSLY made for white boys with no “curves”… I sat down and my nutz busted through the seam like Ice T’s broad tryin’ to fit her “girls” in a b cup.” <—–I truly dislike you :rofl:

    79. 79
      ELove says:

      The KEY to making money in The Stock Market is BEING APART of the SCHEME TEAM (The Partners in The Corporate Corruptness…) :yes:

      ANYTHING LESS Than THAT and You’re on Shaky Ground as far as GUARANTEED Revenue for YOUR Investment (Hard-Earned Money…) :coffee:

    80. 80
      CookieMonsterZ says:

      And yall falling for this.. the true reason faceboook is losing stock is because he has banked what its worth…
      _____________________________________

      From my understanding, it’s because speculators purposely estimate higher and then traders buy a lot of stock themselves which drives the price up. They do these things to manipulate the market supposedly.

    81. 81
      MissHarlem says:

      *goes with PHRO puts on Timbs so when I kick his ass and his momma ass they can feel it* Judge me if you must bc I dont care :lol:

    82. 82
      Phrozen1der says:

      @fefe :hugs:

    83. 83
      MissHarlem says:

      FEFE :hug:

    84. 84
      Gigi26 says:

      ELove: :yes: How you think Bernie Madoff made off so well?!

    85. 85
      Phrozen1der says:

      @Harlem :rofl: As she pulls up in her Bugatti and LV shades to do the interview..I’ma jump out the bushes yelling fugg you bish throw paint on her and take off running..Stop turn around pump fist yell GAMMA a’la Spike Lee and take off running again.. :coffee:

    86. 86
      MissHarlem says:

      PHRO :rofl: you are killing me!!! *yells* GAMMITES *chants* GAMMA GAMMA GAMMA GAMMA lawd Phro I hate your ass. Oh but best believe that when you throw paint I got the bag of feathers right behind that :coffee:

    87. 87
      I Go There says:

      NaijaGal says:

      Do people not know that the stock market is just legal gambling??? somethings you win, sometimes you lose…and when it’s a high risk stock, it may take years for any gain…people kill me

      ____________________________________________

      Yep…

      Its a racket like anything else
      Thats the shait that pissed me off so much about MADOFF
      folks lust for Greed got them in the most trouble. Yeah ole Bernie Stole the loot…but folks knew that NOBODY Else was getting 300% on thier Returns…

    88. 88
      Bibi says:

      I took a gamble on some Kenneth pants that were OBVIOUSLY made for white boys with no “curves”… I sat down and my nutz busted through the seam like Ice T’s broad tryin’ to fit her “girls” in a b cup.

      :rofl:

    89. 89
      Phrozen1der says:

      @Harlem :hahaha:

    90. 90
      ELove says:

      @J Said it!
      You’re speaking NOTHING But PURE TRUTH but SADLY It’s sounds like Gibberish to The LOST ONES (The General Public At Large…) :coffee:

      @Gigi26
      Dude is on The Mount Rushmore of Corporate (Wallstreet) CON-ARTISTS :yes:

    91. 91
      deedeegirl says:

      What the hell is everybody filing suit for and complaining about? Its the STOCK MARKET. Its gambling and sometimes you lose money. Sad face for his college fund but that little boy took a grown up risk and needs to just real with it.

    92. 92
      ELove says:

      @I Go
      IS That The DUDE who wanted to be “The Hulk” and USED The WRONG PAINT Though :blink:

      Well THEY SAY “Be Careful WTF You ASK FOR” Though :coffee:

    93. 93
      I Go There says:

      ELove says:

      @I Go
      IS That The DUDE who wanted to be “The Hulk” and USED The WRONG PAINT Though

      Well THEY SAY “Be Careful WTF You ASK FOR” Though
      ____________________________________________

      Yeah E

      Thats that dumb muthafker… :lol:

    94. 94
      VDot says:

      I took a gamble on some Kenneth pants that were OBVIOUSLY made for white boys with no “curves”… I sat down and my nutz busted through the seam like Ice T’s broad tryin’ to fit her “girls” in a b cup. .

      Funniest chit I’ve read all day.

      :rofl: :rofl:

    95. 95
      playbaby4 says:

      I don’t understand why FB would be such a great investment. Look what happened to Myspace. In a couple of years everyone will be on to the next.

    96. 96
      anoel06 says:

      According to the article from the above link, they’re disputing this because their money is in limbo. Supposedly Nasdaq’s computer system had a glitch and their order for the 300 shares may not have been filled….

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