Tech Report: Facebook’s Dummy Accounts & Dwindling Stock Value

View Comments
Facebook Acknowledges Photo Privacy Bug; Issues Immediate Fix

A Facebook profile page. (Roslan RahmanAFP/Getty Images)

LarryMagid01-228 Larry Magid
Larry Magid is a technology journalist and an Internet safe...
Read More

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.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 57,000 other followers