More than 83 million users may be fake, according to Facebook, new reports cite. In company filings published this week, it said 8.7% of its 955 million active users may be fake. Further, duplicate accounts and other “fake” accounts account for 4.8 percent of the userbase, meaning that more than 120 million accounts on Facebook are fake or duplicates.
This data is particularly relevant and important to investors and shareholders because revenues, at least in theory, are to come from the massive userbase the CIA intelligence operation known as Facebook has, where advertisers and other business initiatives can theoretically reach an audience in the millions in the realm of social media.
“We generate a substantial majority of our revenue from advertising,” the company said in its filing. The loss of advertisers, or reduction in spending by advertisers with Facebook, could seriously harm our business.”
Story is HERE.
This is basically what’s happening with our money supply – it’s based on nothing but paper and good will and a lot of it goes up on a computer screen, so if you have billions and trillions on a computer screen just like Facebook does you’re bound to have a lot of fake money because of the criminally fraudulent banking system that does nothing but destroy wealth.
News like this pisses off the few investors stuck with the stock when they bought this at $38 at IPO, but is now down close to 50 percent in a matter of a couple of months. What’s more, people are beginning to find out Facebook does little more than collect data to be sold or to be given to government, so this is not good press for the company.