[lumpster]

If you're using a fake name on your Facebook account, maintaining a personal profile for your beloved pet or have a second profile you use just for logging in to other sites, you have one of the 83.09 million fake accounts Facebook wants to disable.

In an updated regulatory filing released Wednesday, the social media company said that 8.7 percent of its 955 million monthly active users worldwide are actually duplicate or false accounts.

"On Facebook we have a really large commitment in general to finding and disabling false accounts," Facebook's chief security officer Joe Sullivan told CNN in a recent interview. "Our entire platform is based on people using their real identities


http://www.cnn.com/2012/08/02/tech/soci ... ?hpt=hp_t3

Wouldn't you think the bankers would have asked how many users did they really have..

[DarknLadyJedi]

Hell, everyone with any sense was looking at the IPO and saying DON'T BUY!

[elklindo69]

It seems interesting to me at 20. If it hit around mid teens I wouldn't mind picking up some shares...

[Shimmer]

Facebook has never been worth more than 2 to 4 dollars a share, but that has not stopped anyone from buying overpriced worthless stock. They have tons of users but no clear plan to convert that into a sustainable substantial revenue stream. Plus every time they make changes, they alienate users and people leave.

[elklindo69]

Facebook is a fantastic business. I think they are bringing in about 4 billion dollars a year in revenues. With nearly 1 billion users, if they can figure out how to make money off their user base then they will make a fortune.

[Demagogue]

IF they can figure out how to make money off their user base then they will make a fortune.

Two letter word used by really, really stupid people and lottery players.

tick tock, tick tock, tick tock................

:lol:

[elklindo69]

Facebook already makes 4 billion dollars a year, so they are a legitimate business. Gambling and playing the lotto are games of random chance, therefore it's a zero sum game, where the money goes from the loser to the winner and no value is created. Investing is not gambling, because if the business is creating value then the share price will increase over time. Meaning that investing is not a random chance event.

So the word IF is a measure of uncertainty. Uncertainty of the future business prospects. Nobody really knows with a high degree of certainty what facebook will look like 10 years from now. They can be either a 5 billion dollar company if they cannot bring advertising dollars or they can be a 250 billion dollar company if they have the success that google had.

[Lucky99]

I know a lot of people on Facebook and not 1 of them has ever spent a dime with them.
If you are saying a billion people are spending 4 billion does that mean everyone on Facebook is spending $4?

I don't think so.

[Malcolm]

hehhee, told ya....

good ta be back.....!