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Facebook worth so much? 83 million FB accounts are fake!

Rogue Trader

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83 million Facebook accounts are fakes and dupes - CNN.com
By Heather Kelly , CNN
August 3, 2012 -- Updated 0011 GMT (0811 HKT) | Filed under: Social Media

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(CNN) -- 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."

Facebook inspires status envy

So what are those 83 million undesired accounts doing? They're a mixture of innocent and malicious, and Facebook has divvied them up into three categories: duplicate accounts, misclassified accounts and "undesirable" accounts.

Duplicate accounts make up 4.8% (45.8 million) of Facebook's total active member tally. According to the network's terms of service, users are not allowed to have more than one Facebook personal account or make accounts on behalf of other people. Parents creating Facebook accounts for their young kids are violating two rules, since people under 13 are not allowed to have Facebook profiles.

Misclassified accounts are personal profiles that have been made for companies, groups or pets. Those types of profiles (22.9 million) are allowed on Facebook, but they need to be created as Pages. Facebook estimates that 2.4% of its active accounts are these non-human personal accounts. These accounts can be converted into approved pages without losing information. Pets such as Boo, the self-anointed "world's cutest dog," are typically classified as Public Figures.

Face it, Facebook: Sometimes you suck

"We believe the percentage of accounts that are duplicate or false is meaningfully lower in developed markets such as the United States or Australia and higher in developing markets such as Indonesia and Turkey," the company said in the filing. The tallies were based on an internal sampling of accounts done by reviewers, and Facebook says the numbers may represent the actual number.


Facebook disables any false accounts it finds, and while it wipes all the information associated with the name from public view, it doesn't delete the account from its servers "for safety and security" reasons. The disabled account goes into a sort of Facebook limbo, where the owner of the account can't get their hands on any of the content -- photos, posts, videos -- not even by requesting a copy of the data, according to Facebook.


If Facebook does shut down your account, it says you can't create a new one without permission from the company.


 

johnny333

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What about the different kind of doggy like the PAP:confused:

Who really believes that the LKY, LHL, etc are really behind the accounts that were created under their names:confused:
 

halsey02

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Asset
My dog has an account. I don't. Is that OK?

My dog has account too, I am writing his daily journal for it!, is it OK? which my dog hope , that 'bitch' down the road read, the one, it had sniffing the rear for a while!
 
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youtalkcock

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Generous Asset

:eek:

6zmEZ.jpg



Facebook Plunge Continues As Growth Concerns Persist

<cite class="byline" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 11px; vertical-align: baseline; background-color: transparent; width: 640px; color: rgb(111, 111, 111); display: block; font-style: normal; line-height: 1.3em; background-position: initial initial; background-repeat: initial initial; ">By Brian Womack - Aug 2, 2012 4:33 AM GMT+0800</cite>

Facebook Inc. (FB) dropped 3.8 percent to a record low, the fourth straight day of declines after the world’s largest social-networking service reported second- quarter results that showed slowing growth.
Shares slipped to $20.88, the lowest closing price since the Menlo Park, California-based company held an initial public offering on May 17.

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Facebook Inc. disappointed investors last week when it reported sales growth of 32 percent, down from 45 percent in the first quarter, and refrained from providing a sales or profit outlook for the year. Photographer: Scott Eells/Bloomberg

Facebook, which hasn’t closed above the $38 IPO price since its first trading day, reported second-quarter sales growth of 32 percent, down from 45 percent in the previous three months. The company still needs to prove to investors that it can profit from the growing number of users who access the site on mobile devices, said Tom Forte, an analyst at Telsey Advisory Group in New York. He estimates that ads shown to handset users generated only about $15 million last quarter.

“The market has spoken,” Forte said. “They think that the price that investors are being asked to pay for a company in a state of transition when it comes to mobile monetization is too high.”

The shift to mobile usage is “happening faster than anyone anticipated,” Richard Greenfield of BTIG Researc said in a report, citing Facebook’s regulatory filing yesterday. The percent of users accessing the site only through mobile devices rose to about 11 percent from 9 percent three months earlier, he said.

Second-quarter revenue was $1.18 billion, Facebook reported on July 26, topping an estimate of $1.16 billion, according to data compiled by Bloomberg. Facebook’s operating margin dropped from a year earlier and payments-related sales were $192 million, below the $199.3 million average projection.

Revenue may climb 30 percent to $6.41 billion next year, from $4.94 billion in 2012, according to the average analyst estimate compiled by Bloomberg.

“The investor reaction I think has been glass half-empty on mobile monetization, whereas we’re a believer in glass half- full because they are literally starting from nothing,” said Forte, who has a 12-month price estimate of $40 to $42 on the shares. “There oftentimes can be a disconnect between the market’s reaction on a stock and the underlying value.”

To contact the reporter on this story: Brian Womack in San Francisco [email protected]

To contact the editor responsible for this story: Tom Giles at [email protected]


 
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noname

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My dog has an account. I don't. Is that OK?

you better don't have an account. the men in white have been tracking you for years. i'm sure there is a dossier of you consisting of bits and pieces of information about you that you leave online.
 

Leongsam

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Admin
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you better don't have an account. the men in white have been tracking you for years. i'm sure there is a dossier of you consisting of bits and pieces of information about you that you leave online.

Why should I worry about that? :rolleyes:

I've done nothing but praise the PAP and defend their policies. If they do track me down, it's because they want to reward me for my tireless efforts.
 

laksaboy

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Is there a rule that states that it is necessary to create a Facebook account with your real name, filled with your real personal details, and uploaded with real photos of yourself?

Now Mark Zuckerberg, the data miners and marketers are upset. LOL!

Facebook share price: it's going to crash and burn.
 

Yi Dao

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The 7 Ugly Truths About Facebook<cite class="byline vcard" style="font-style: normal; color: rgb(119, 119, 119); font-size: 11px; display: block; font-family: arial; vertical-align: middle; ">
By Tim Sprinkle | The Exchange – <abbr title="2012-08-03T18:04:18Z" style="border: 0px; ">1 hour 11 minutes ago

</abbr></cite>
With nearly a billion users worldwide, Facebook (FB) is one of the hottest sites on the Internet and a defining force in online media.

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But since going public on May 17, the ever popular social network has started to show a few kinks in its digital armor. First the stock price tanked. Then its domestic user growth slowed. And of course privacy concerns and data security remain ongoing issues for the company as it expands globally.

But for all the hype surrounding Facebook, the fact remains that it is an imperfect company with its fair share of internal and external struggles, like any firm. Consider these seven little-known facts about the world's largest social network.

1. It has a problem with fake accounts

According to a regulatory filing released earlier this week, Facebook itself estimates that as many as 8.7 percent of its 955 million worldwide active accounts are in fact duplicates or fakes, accounting for some 83 million "users." Of these, about 46 million are duplicate accounts (which anyone who has a "work" and a "personal" Facebook account can understand), 23 million are user-misclassified accounts (such as profiles assigned to pets or businesses) and about 14 million are pages set up for spamming or other untoward uses.

"These estimates are based on an internal review of a limited sample of accounts," the company said in its SEC filing, "and we apply significant judgment in making this determination, such as identifying names that appear to be fake or other behavior that appears inauthentic to the reviewers."

2. Bots may be gaming its advertising

A startup called Limited Run has stopped advertising on Facebook and recently went public about its experiences with the company, saying that as many as 80 percent of the clicks it received on its Facebook ads appeared to be from "bots" (web robots) and not real people. The allegation implies that Facebook is juicing its click rate to overcharge its advertising clients and give the appearance of increased traffic.
In response, Facebook told CNBC it is "currently investigating their claims."

And Limited Run isn't the first advertiser to voice concerns about Facebook's click results. Blogger Erik Larson made waves back in May when he suggested that as many as 90 percent of his Facebook ad clicks could have been generated by bots, going so far as to post his communications with the company's advertising department.

3. Its revenues aren't that great

Despite all outward appearances (the 955 million users, the splashy IPO, the globetrotting CEO), Facebook isn't exactly raking in the cash when compared to other Internet firms. In fact, PaidContentrecently released a list of 10 Web companies that are doing better than Facebook in the revenue department.

That's right -- Facebook dominates the business pages almost every day but is only the eleventh richest digital content site on the Web.

Obviously Google leads the pack, but there are some surprising names on the PaidContent list, including Microsoft, Bloomberg, Thomson Reuters and, yes, even Yahoo!.

4. Its stock price won't stop falling

Facebook's IPO was priced at $38 a share on May 17 and has pretty much sunk like a stone ever since, recently slipping under $20 a share for the first time, a 45 percent drop. What happened? Everyone has a theory — maybe the IPO was mishandled, maybe there was too much hype, maybe Facebook was just overvalued from the start — but the fact remains that the social network has lost about $43 billion in market cap in the past two months (half of its original valuation) and is already one of the worst performing social media IPOs to date.

Unfortunately for Facebook, the worst may be yet to come. Starting next month, nearly 1.7 billion more shares could start hitting the market as employees become freed up to start selling their holdings, which could more than quadruple the number of Facebook shares now trading.

5. Executives are leaving

As happens just about any time a startup goes public -- early employees stick around through the IPO, cash out and then move on to new things. At Facebook, however, several high-profile recent defections have raised questions about the company's leadership and its prospects going forward.

This week, both Katie Mitic, Facebook's former director of platform marketing, and Ethan Beard, the company's former director of platform partnerships, announced plans to leave the company, bringing the total number of executive departures since Facebook's IPO to three. Bret Taylor, the company's former CTO, left in June.

6. Its reputation is suffering

It seems like a lifetime ago that Facebook was the hot, new startup that engineers were begging to work at (even competing in coding competitions to earn coveted internship spots, if 2010 film "The Social Network" is to be believed). But that glitter has faded post-IPO and, although Facebook remains a force in Silicon Valley hiring, it is starting to run into opposition for the first time in its brief history.

Case in point: App.net founder Dalton Caldwell stirred up controversy earlier this week after heeffectively turned down an "acqui-hire" offer from Facebook, in which his startup would be purchased by the social network and then shut down as a way to bring his staff on board.

Caldwell's very public "thanks, but no thanks" response set off a firestorm of discussion in Silicon Valley, where acqui-hiring is a common and generally accepted part of doing business. But, like his stance or not, the fact remains that there are now developers in California who do not want to work at Facebook, and that's a new reality for the company.

7. Insiders are selling their stock

More than a few Facebook insiders dumped their stock on the IPO, making millions in the process. That fact alone was not surprising; many of these folks had been waiting for years to cash in on their investments.

But when an IPO goes as badly as Facebook's did, having a group of investors and senior executives sell their stock at or near the peak price does tend to discourage other buyers. Overall, Facebook's insiders sold $9.8 billion worth of stock at the IPO, accounting for some 241 million shares, with CEO Mark Zuckerberg taking home a cool $1.14 billion and early Facebook investors Accel Partners selling 57.7 million shares for $2.1 billion.

Had these insiders waited until today to sell, their shares would now be worth less than half what they got, or about $4.8 billion in total. Zuckerberg himself lost $423 million on paper after yesterday's drop, knocking him out of the top 10 of the richest technology titans.
 

thinkorsink

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i still think that facebook will remain a popular social tool. it's a life trail, many real people has their entire history in it. just think, if one day, you pass on, your friends and loved ones will still remember you thru facebook. most probably write something on your wall for your death anniversary.

do you see anniversary on obituaries in the papers. most probably, it will be replaced by facebook.
 

neddy

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Facebook accounts are created by humans, so they will be influenced by advertising.

My fake Dr Jekyll and Mr Hyde accounts are 2 separate accounts run by the same person. Each attract different friends.

In internet campaigns, we do not need to use unique visitors, we use visits. So, even if some clown decided to visit the same campaign 1000 times because his finger is itchy, I report it as 1000 visitors for marketing purpose. Common practice.



If America thinks that Facebook, LinkedIn, etc represent the latest business saviors for its economy, the result will be disappointing. After giving up most manufacturing to Asia, and making Asians rich (including our bro,
image.php
), the Americans are realising that a service and consumer economy is a lie.

Singaporeans are finding out that the American experiment with low-cost has return its flavor to Singapore.
 
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Alamaking

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If you guys think FB 83million fake acoount is a lot? then how about those yahoo and hotmail email account? lol
 
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