Facebook's much anticipated initial public offering (IPO) turned out to be a pretty big disappointment, and things have only gotten worse since then. The social network's share price fell to $20.88 by the end of Wednesday's trading session, which is 45 percent below its IPO price of $38 and a new low price, dipping below the previous low of $21.61, which occurred a day earlier.

Shares of Zynga plummeted 40 percent to $3.03 in after market trading after the social game developer reported a net loss for its second quarter ended June 30, 2012. Zynga tried to put a positive spin on the fact that its Q2 revenue of $332 million represents a 19 percent year-over-year increase and that its six months year-to-date revenue of $653 million is a 25 percent year-over-year increase, but the numbers still added up to a $22.8 million net loss for the quarter, and a $108.1 million net loss for the six month period.

Facebook's ban on kids under the age of 13 is sort of like most DRM policies; all it does is keep some of the honest ones out. Nevertheless, whether for legal purposes or a sense of moral responsibility, Facebook as seen fit up to this point to disallow, at least officially, children who haven't hit their teen years from joining the most popular social networking site on the planet. That might soon change.

This just in, Cookie Monster has left Sesame Street for Wall Street and purchased a majority share in Facebook. This would explain why the world's largest social networking site seemingly has its hand in every cookie jar it can find, including photography (Instagram buyout), Web browsing (possible Opera Software acquisition), and perhaps even smartphones, as Facebook reportedly mulls building its own branded handset. When asked to comment on Facebook's insatiable sweet tooth for side ventures, the majority shareholder responded, "Me like cookies!"