FACEBOOK stock tanks after report shows 50% of its users are FAKE – ripping off advertisers isn’t good for business

Sharing is Caring!

In a report published Thursday by PlainSite, an independent research shop led by Aaron Greenspan, analysts calculated that Facebook CEO Mark Zuckerberg has been regularly lying to investors and the public about the company’s user metrics, and that the company could be overestimating the number of users by as much as 50%.

See also  After eighteen years of active duty service in the US Army, my lieutenant colonel husband has resigned

The team detailed their findings in a 70-page report published on their website.

Facebook has been lying to the public about the scale of its problem with fake accounts, which likely exceed 50% of its network.

See also  MARKETS A LOOK AHEAD: Is The Stock Market About To CRASH?

FB shares reversed earlier gains after the report started making the rounds; shares were down 1.2% on the day in recent trade.

www.zerohedge.com/news/2019-01-24/facebook-slides-after-report-claims-50-its-users-are-fake

h/t DrStrangerLove69

499 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.