Facebook loses nearly 50% value off its shambolic May IPO price, and reveals it has 83million FAKE accounts

• Facebook's stock fell to an all time low of $19.82 a share at one point today
• That is almost half its May initial offering price of $38
• 8.7% of its 995 million active users may not exist, social networking firm admits
• Astonishing figure revealed in company filings
• Users found to have multiple accounts, and even pages for their pets

By MARK PRIGG
DAILYMAIL
August 2, 2012

Facebook's share price today hit an all time low of $19.82 which values the social networking giant at almost half its May initial offering price of $38.

The company’s stock dropped 88 cents on Thursday, dropping to its new low after the company posted disappointing earnings last week.

It also directly followed the revelation today there are now more than 83 million fake users on its social network.

Are your Facebook friends real? Mark Zuckerberg's site has been found to contain over 83 million fake profiles

 The astonishing figure makes up 8.7% of all Facebook's 995 million active users.

The true scale of the problem was hidden in a company filing published this week, the first since the firm went public.

Duplicate profiles made up 4.8% of the fakes, user-misclassified accounts amounted to 2.4%, and 1.5% of users were described as 'undesirable'.

There were 83.09 million fake users in total, which Facebook classified in three groups.

The largest group were duplicate accounts, such as those set up by people to keep their activities from their partner...

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The reality of our modern day society and youth

"We live in an age now, where the only buttons are 'like' and 'unlike.' We live in an age where people can just approve you or disapprove but without telling you why..." 

- A Wise Scholar

Your Facebook pictures may turn away perspective employers and lose you a job

Dislike: Having inappropriate pictures on your Facebook profile really could lose you a job

• Researchers warn of increase in employers checking candidates social networking profile
• Lifestyle, attitudes and even your appearance in photos can matter

By MARK PRIGG
DAILYMAIL
July 23, 2012

Your Facebook profile really could lose you a job, researchers have found.

In one of the biggest ever studies of the importance of Facebook profiles among job hunters, American scientists found that employees increasingly use the social networking site to weed out unsuitable candidates.

'While employers are using Facebook to monitor their employees, they have also begun to use it as a screening tool when considering potential candidates,' said Vanessa de la Llama of the Florida International University in North Miami, who led the research.

However, the lack of guidelines means many firms simply follow their own judgement of just how bad your Facebook profile pictures are.

'Because this is a fairly new trend, a standardized set of guidelines has yet to be established, with employers often assessing job applicants in a subjective manner.'

The researchers said they hope to raise the ethical questions for debate surrounding whether or not employers should be using Facebook and other social networks to screen candidates.

'The question of whether employers are providing job candidates with equal opportunities if they are assessing online "image" prior to interviewing candidates must be raised,' they wrote.

'Of course, it is possible that one's Facebook activity is a perfectly acceptable window on to one's personality.'

Two U.S senators are calling for an investigation into the practice of asking for Facebook passwords in job interviews so that interviewers can 'look through' accounts for information that might be concealed from the public.

The practice, which has horrified privacy campaigners, could be against Federal law.

Facebook itself has already said that the practice - which has been documented at several American organisations - is a violation of its terms of use and could potentially lead to legal action.

Facebook to blame for rise in plastic surgeries

Plastic surgery on the rise because 'people hate the way they look on Skype and FaceTime'

By CHRISTINE SHOW
DAILY MAIL
July 12, 2012

More social media users are turning to plastic surgery after being repulsed with the way they look in pictures on video chats like Skype and Apple's FaceTime.

Surgeons are seeing such a rise in people getting cosmetic procedures like facelifts and nose jobs that some of have even created specific procedures to accommodate patients unhappy with closeup views of their appearance on the social-networking sites, it has been revealed.

The social media images offers people an alternate perspective on how they look by showing off fatty and unsightly parts of their body that they otherwise didn't notice in a mirror.

Eye of the beholder: More social media users are getting plastic surgery after being repulsed with their looks in Facebook pictures and video chats (file photo)

One surgeon from California, Robert K Sigal, has developed a specific procedure related to the issue called a 'FaceTime Facelift.'

'People don't come in asking for a FaceTime Facelift per say,' Dr Sigal said in a YouTube posting on his practice's website. 'What they'll say is, "I don't like the way I look when I'm video-chatting. I seem full and heavy under the neck.'

The plastic surgeon went on to say that people often pull their neck down when talking on a video chat on an iPhone, for example, that shows unflattering flabs under and around their face.

Dr. Adam Schaffner, a New York plastic surgeon, told Betabeat.com that more and more people have come to his office because they were unhappy with their presence online.

'Frequency': Online images offer people an alternate perspective on their looks by showing unsightly body angles that they didn't see in a mirror (file photo)

'With a good degree of frequency, people will come in and say, "I saw myself in the mirror, but I didn’t really notice it until I saw myself on Facebook or on my iPhone or iPad."'

He continued: 'When you look in the mirror you’re seeing the mirror image of yourself. But when you see yourself on social media, you’re seeing yourself the way the world sees you.'

Tina Consorti, 60, a regular Skype user, told Betabeat.com that she got a facelift after deciding that she had an unattractive chin and wrinkles while chatting with someone on a Skype video.

She said her chin looked double its size: 'Going on Skype or FaceTime you definitely see it - it looks twice as big as it normally is.

'I just wanted a nice clean look when I’m conversing with someone on Skype.'