I would say your friend is lying. A lot of friends on Facebook updated their status to read that they bought so many odd shares. Just about all of them wouldn't even know how to open a brokerage account. Everyone wants to be involved and be part of Facebook, hipsters if you ask me.

$33 a share seems slap worthy. From what I read a lot of brokers did not even have it available when the buyers wanted it. Not only that but there was a lot of confusion whether or not buy and sell orders even got through for several hours. I don't think your friends dad got in line ahead of all the big wigs who just could not go without owning some Facebook.