24 year old Facebook founder, Mark Zuckerberg has announced that he has had to cancel employees stock sale. He plan to let employees sell a small amount of their shares — no more than $900,000 or 20 percent of their stock holdings, whichever was less.

Zuckerberg who is ranked number 1 in the young entrepreneur rich list with $700 Million told his company today. "I'm writing this note to let you know some bad news," he wrote in an email to all employees at the 800-person social-network startup this afternoon. "Despite a lot of work, we have not been able to finalize a plan for the employee stock sale we announced in August."

Facebook executives had been looking for potential buyers for employees' shares since the summer. But as the value of Google tumbled from its high of $700 last year, would-be investors started asking questions about whether Facebook's value, too, had dropped. Microsoft had invested $240 million in the company for a 1.6 percent stake in the company that valued all of Facebook at $15 billion, but that deal came with extras: Microsoft bought preferred shares, which get paid off first if the company's bought, and it also got an advertising deal with Facebook at the same time.

Unlucky Facebook Employees!

Earlier this year, Leah Culver appeared on the cover of a tech magazine blowing an enormous pink bubble. 26 year old young entrepreneur Leah had created a Twitter knockoff called Pownce which was backed by Digg founder Kevin Rose but now Leah has decided she is fed up of being a internet celebrity and has announced she is shutting down Pounce. Leah wrote on the Pownce blog that: 

Stanislaw "Stas" Gunkel has his own political blog that caught the attention of President-elect Barack Obama.

Stanislaw “Stas” Gunkel is unlike most 7-year-old's, he likes to spend his time blogging about politics, Barrack Obama, and Sarah Palin on his blog Report from Planet Stas‘. Stas wrote about Barrack Obama on his blog and says that one day he wants to be just like him, Barrack Obama heard about this and sent Stas a thank you letter.

While most of us are struggleing through the credit crunch, 22 year old Johns Wu sold his blog for $15 Million last week. According to paidContent.org, Wu gets $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. Johns Wu started the website in July of 2006, so he has been blogging at Bankaholic for about 2.5 years now so that means you only need to be 19 to have the opportunity to Retire at 21, seems like I still have a great chance and so do all of you! If you would like to start your own blog , you can check out a step by step guide I wrote about doing just that.

Millionaire business mogul Peter Jones, famed for reality shows such as Dragon's Den and American Inventor went back to school recently, to see if he could join the 97.2% of people who passed in the UK this year. Peter took up the challenge from a cheeky reporter, and the two of them not only sat the test in exam conditions, but they didn't have any lessons or guidance in advance. Carroline Iggulden, the reporter in question added: “Peter and I sat the 90-minute Corporate Strategy paper in strict exam conditions and then had our papers taken away to be marked by a retired A-level examiner.” So what was the result?