Tech Report: Facebook's Dummy Accounts & Dwindling Stock Value
SAN FRANCISCO (KCBS)— Facebook revealed more than 8 percent of its 955 million monthly active users may be duplicate or false accounts.
The social network categorizes these types of accounts into three categories: duplicates (kids might have an account that their parents might not know about), pet accounts (which actually violates Facebook's terms of service) and then 1.5 percent of active accounts are what they call "undesirable" accounts which are created for SPAM purposes or some other nefarious reasons.
KCBS Tech Report:
This news comes during Facebook's quarterly earnings report as a public company and a struggling stock value that has declined. The stock reached a new low on Thursday dipping below the $20 mark just before the close.
Investors just don't feel confident that Facebook can make the kind of money through advertising revenue and other fees to justify the stock valuation that they initially wanted.
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