by Free Britney at . Comments

Call it the most disappointing $16 billion raised in investment history.

Facebook stock is off to a rocky start after its highly anticipated initial public offering (IPO), jumping more than 10 percent in the first few minutes of trading before sellers swept into the market and that gain evaporated.

“The stock is trading right at the IPO price,” one expert told the L.A. Times. “They didn’t want that in a million years. A traditional IPO is up 10% or 15%.”

Zuckerberg Rings Bell

The stock most recently hovered at about $40, only $2 above what shares were priced at late Thursday. Shares touched $38 multiple times during trading.

Investors also had to deal with a nearly three-hour delay for the stock to open. The Nasdaq kept the stock halted as it processed a crush of buy and sell orders.

The inauspicious opening after the Facebook IPO suggests that retail investors paid close attention to reports of soft financials and big selling by insiders.

Still, Facebook raised $16 billion in what will go down as the third-largest public offering in U.S. history and the biggest ever for a technology company.

Could be worse, right? Facebook founder and CEO Mark Zuckerberg rang the Nasdaq opening bell from company headquarters in Menlo Park, Calif.

Eduardo Saverin, one of the company's co-founders, made news this week by giving up U.S. citizenship as a means of limiting his tax liability.

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Eduardo Saverin, the billionaire Facebook co-founder portrayed by Andrew Garfield in The Social Network, is no longer an American citizen.

Saverin, 30, renounced the U.S. citizenship he gained as a teenager in advance of the company's impending IPO, a move met with criticism.

He's accused of trying to skip out on taxes with the move, though the Brazilian-born resident of Singapore has done nothing illegal at any point.

Saverin

Eduardo Saverin co-founded Facebook at age 21, was forced out two years later, sued CEO Mark Zuckerberg and ultimately settled out of court.

He was given a share of the company that left him phenomenally wealthy.

His stake, 4 percent of the company, will most likely be worth more than $3 billion when Facebook goes public Friday. Hence his exit now.

Saverin joins a growing number of people giving up U.S. citizenship, a move that can trim their tax liabilities when residing in lower-tax nations.

Said Tom Goodman, a spokesman for Saverin, in an e-mailed statement:

“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time.”

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Rihanna's showing off her body - there's a big stunner for you - in a new photo posted on Facebook. It's from her recent video shoot. Like you care.

The 24-year-old, in behind-the-scenes photos from the set of her "Where Have You Been" music video, is completely topless. Nothing unusual.

Her breasts are covered by reptile scales, though. That's unusual ...

Rihanna Naked Video Pic

In the video, Rihanna and a slew of shirtless men adventure through a swamp, which good explain the reptilian theme for part of the extravagant effort.

The star's latest topless shot isn't the first time she's left little to the imagination ... this month. Not even two weeks ago, she was grinding at a strip club.

She also took her top off in Hawaii, played with white powder on her bodyguard's head, etc. There's a reason she's Top 10 worldwide in Twitter fans.

One cautionary note, though. Why would Hugh Hefner want to pay $1 million for Rihanna in Playboy if she's already giving it away for free 24/7?

Think about it, Rih. Leave 'em wanting more.

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Controversy over Mark Zuckerberg's hoodie abated Friday as he turned investors' attention to more important matters at a presentation in Palo Alto, Calif.

Chief among them? Improving Facebook's mobile application.

About 200 investors showed up at an IPO presentation to quiz Zuckerberg about generating revenue from mobile users, crucial for long-term fiscal growth.

Zuckerberg and Sheryl Sandberg, Facebook's COO, said overall advertising is gaining steam, with most marketers increasing their spending with Facebook.

Zuck

The executives, who appeared on stage alongside CFO David Ebersman, highlighted social ads as an important tool for Facebook to tackle mobile challenges.

The ads, incorporating information about Facebook users' friends who "like" certain products, are better-suited to the smaller screens of smartphones.

More than half of Facebook's users currently use it from phones.

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by Free Britney at . Comments

This is probably not what Geraldo Rivera meant when he bashed hoodies.

Facebook CEO Mark Zuckerberg has reportedly not impressed investors with his business savvy this week, and his signature sweatshirt has become emblematic of some long-held criticisms plaguing the online wunderkind.

In New York to woo investors for Facebook's IPO, Zuckerberg hasn't won over fans, fueling long-held rumors that for all his technical, innovative brilliance, Mark is an aloof, awkward guy who can't get it together for the suits.

Mark Zuckerberg, Hoodie

He shows up late for meetings or not at all. And when he does make it, his laid-back outfits (see hoodie above) haven't helped, coming off as shlubby.

"Mark and his signature hoodie: He’s actually showing investors he doesn’t care that much; he’s just going to be him," Michael Pachter, an analyst for Wedbush Securities said in an interview on Bloomberg TV.

"I think that’s a mark of immaturity. I think that he has to realize he’s bringing investors in as a new constituency right now, and I think he’s got to show them the respect that they deserve because he’s asking them for money."

Hoodies seem to have a lot of "meaning" these days, as we know, but this is a new spin. What do you think? Should Zuck wear 'em to meetings?

 

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An ill-advised Facebook comment allegedly led to a 30-woman brawl involving baseball bats, a smashed glass candle crudely wielded as a weapon, and resulting in two serious injuries in Sacramento, Calif., this week.

Officer Michele Gigante of the Sacramento Police said a post on one man's Facebook page was the culprit. His wife allegedly wasn't fond of its salacious nature, which apparently instigated (somehow) a multi-woman showdown.

FB fight

Cops claim that Facebook played a role beyond the man flirting with another woman besides his wife. Some participants used FB to organize the fight.

The participants looked "angry and out of breath," according to one eyewitness, who adds that several individuals were hurt after the epic melee.

One imagines that things like this never used to happen. But of course they did. They just didn't benefit from the virtual megaphone and fine organizational possibilities offered to breathlessly angry mobs by Facebook's mere existence.

Thank you, Mark Zuckerberg. Thank you.

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Alessandra Ambrosio isn't about to let an unborn baby stop her from posing nude whenever she darn well pleases ... and thank goodness for that.

The Victoria's Secret model proudly put up this picture up on Facebook as she waits for the arrival of her second child with husband, Jamie Mazur:

She's expecting a boy ... and putting this pregnant bikini pic to shame:

Alessandra Ambrosio Nude Photo

Alessandra and Jamie already have a beautiful three-year-old daughter, Anja. Yes, this is her second pregnancy ... she carries it well, we have to say.

As for this gorgeous picture, it was posted on her Facebook, but is part of a new ad campaign for the Brazilian jewelry company, Vivara.

Oh yeah, she is wearing some jewelry there. Who knew.

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by Free Britney at . Comments

Another day, another revealing batch of Rihanna pics.

Posted by the 24-year-old singer herself, no less.

The star showed off pictures from her Hawaiian vacation via Facebook Monday, and in one image, she flings off her white bikini top while standing under a waterfall.

It's Rihanna topless. Further comment unnecessary.

A Rihanna Topless Pic

The Battleship actress says she doesn't actively work out, but just has an active lifestyle, swimming, horseback riding, hiking and such whenever she can.

"I'm not excited about how skinny I am, so it wasn't a goal for me or anything," she says of her thin frame. "That was not something I even tried to do."

Anyone out there complaining? No? Okay. Other sexy images include Rih playing with her bikini on the beach and descending into a shark tank. Enjoy.

  • Hot Rihanna Bikini Pic
  • Rihanna Swimsuit Pic
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Facebook has just agreed to a staggering $1 billion acquisition of Instagram - the popular mobile photo editing and sharing site - according to reports.

Twitter exploded with people marveling at the astronomical sale price, joking about hipster filters, and comparing previous photo site acquisitions.

The big question on everyone's minds is why. For Facebook, the short answer is because they can, and it's all about staying current. Instagram is in.

Instagram CEO Kevin Systrom insisted that "Instagram is not going away."

Selena Gomez on Instagram

Instagram lets users stylize photos, such as this one of Selena Gomez, on the go.

"We'll be working with Facebook to evolve Instagram and build the network," Systrom said. "We will continue to add new features to the product and find new ways to create a better mobile photos experience for users."

The app will remain in the App Store and on Google Play and users will still be able to share on social networks other than Facebook, he said.

Elsewhere, another 10-figure tech sale was in the works. Rumors surrounding AOL's desire to sell off its patent portfolio have floated for weeks.

Monday, those rumors turned into a very real $1.056B deal with Microsoft.

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Democrat Tim Kaine and Republican George Allen are currently running a tight and contentious campaign for Virginia's open seat in the U.S. Senate.

They're both political heavyweights, but right on their collective tail is an insurgent, third-party candidate who's surging in grassroots support.

That candidate is Hank the Cat. Bow down, bitches!

Hank the Cat

The official site of the Hank Senate campaign claimed in a press release Friday that the 9-year-old Maine Coon (52 in human years) has pulled ahead of Kaine.

In Facebook fans, anyway.

Despite entering the race just two months ago, Hank’s Facebook page boasts 14,141 “likes” whereas Kaine, the state's former governor, has 13,913.

Kaine also hasn't converted to Timeline yet, BTW. Way to stay in touch with the people.

Campaign manager Matthew O'Leary said Hank initially ran to expose “the farce that is our political system,” until the movement took on a life of its own.

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