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...

(Click here to continue reading the article on DAILYMAIL)

Facebook deletes account and demands passport! - WTF?

Facebook Deletes Account, Demands My Passport

Infowars.com
Thursday, June 7, 2012


Published on Jun 7, 2012 by PrisonPlanetLive
http://youtu.be/SZ7X7Y1AOFU

Facebook has deleted my account (Paul Joseph Watson) for no reason and is demanding my passport. Social networking websites routinely censor alternative media. Another fantastic reason to sign up at Planet Infowars - 
http://planet.infowars.com/

FACEBOOK to disappear in 5 to 8 years? So says analyst

[...Facebook is down 27% from its IPO price of $38, making it the biggest two week loss of any IPO since 1995...]

By: Cadie Thompson
CNBC.com
June 4, 2012

Kainaz Amaria | Bloomberg | Getty Images

Facebook will lose dominance as a major web company in less than a decade, Eric Jackson, founder of Ironfire Capital said Monday on CNBC's Squawk on the Street.

"In five to eight years they are going to disappear in the way that Yahoo has disappeared," Jackson said. "Yahoo is still making money, it's still profitable, still has 13,000 employees working for it, but it's 10 percent of the value that it was at the height of 2000. For all intents and purposes, it's disappeared."

Jackson said there have been three generations of web companies. The first generation was big web portals, such as Yahoo [YHOO  15.01    0.09  (+0.6%)   ], where content was aggregated in one place. The second was the social web withFacebook [FB  26.90    -0.82  (-2.96%)   ] and the third generation is companies focused entirely on monetizing the mobile platform, something Facebook will continue to struggle with, Jackson said. 

"When you look over these three generations, no matter how successful you are in one generation, you don't seem to be able to translate that into success in the second generation, no matter how much money you have in the bank, no matter how many smart PhDs you have working for you," Jackson said. "Look at how Google [GOOG  578.59    7.61  (+1.33%)   ] has struggled moving into social, and I think Facebook is going to have the same kind of challenges moving into mobile."

Last month Facebook acknowledged its mobile challenge in a regulatory filing. The company stated that the growing number of mobile users using Facebook is hard to monetize and "may negatively affect our revenue and financial results."

Jackson's comments on the future of the social network come at a time when Facebook's stock is down about 27 percent from its IPO price of $38 a share, making it the biggest two-week loss of any IPO since 1995.

"The world is moving faster, it's getting more competitive, not less, and I think those who are dominant in their prior generation are really going to have a hard time moving into this newer generation," he said. "Facebook can buy a bunch of mobile companies, but they are still a big, fat website and that's different from a mobile app."