Facebook shares slump following fake user confession - GoFuckYourself.com

DVTimes · 08-03-2012, 02:30 AM

Social networking giant Facebook has seen its share price tumble after revealing that around 83 million of the site?s profiles are fake.

The firm made the disclosure in a 10-Q financial document, filed with the US Securities and Exchange Commission, following the publication of its second quarter results last week.

[LINK]

DVTimes · 08-03-2012, 02:34 AM

Facebook Inc 20.04

https://www.google.com/finance?client=ob&q=NASDAQ:FB#

JFK · 08-03-2012, 02:35 AM

and how long have they known this ? Sounds like the entire initial offering was based on a lie

Vapid - BANNED FOR LIFE · 08-03-2012, 03:12 AM

312 million of their accounts are what's fake.

Paul Markham · 08-03-2012, 03:23 AM

Taking biz from FB?

http://www.valuewalk.com/2012/08/lin...-by-investors/

FB will fall further.

Confined · 08-03-2012, 03:30 AM

fb will fall harder than myspace

Quote:

Originally Posted by Paul Markham

Taking biz from FB?

http://www.valuewalk.com/2012/08/lin...-by-investors/

FB will fall further.

BIGTYMER · 08-03-2012, 04:07 AM

FB is losing it's luster with kids from what I can see.

seeandsee · 08-03-2012, 04:16 AM

facebook is slamming !

Vapid - BANNED FOR LIFE · 08-03-2012, 04:23 AM

Quote:

Originally Posted by Jesus H Christ

This. FB will lose 90% plus of it's stock value in less then a year. At best an $8 stock as this current seesaw downward trend is simply shaking-down the suckers who still have hope. FFN gambled big hoping FB would take off to elevate their own stock.

In Q4 i'll post details how I turned four figure investment to slightly above mid five figures shorting FFN stock if my current method/trend keeps working. If you don't understand what this means? - FB ain't where the capital gains are at.

A gratifying dump.

Bat_Man · 08-03-2012, 04:39 AM

FB is famous but still to go a long way.....too much unusual about it......

V_RocKs · 08-03-2012, 04:48 AM

FB = poop

cariflav · 08-03-2012, 05:04 AM

80 Million! That is a lot, I for one thing facebook is not worth the share price they started with, and the value they placed on the company is not real value.

They will have some trying time on the markets for a few year. But they may gain strength over time.

Barry-xlovecam · 08-03-2012, 05:49 AM

NO WAY !!!

Vapid - BANNED FOR LIFE · 08-03-2012, 05:56 AM

http://headnovel.com

CaptainHowdy · 08-03-2012, 06:19 AM

Oh, well ...

acrylix · 08-03-2012, 06:53 AM

Zuckerburgled

acrylix · 08-03-2012, 06:57 AM

When will people learn?

L-Pink · 08-03-2012, 07:08 AM

83 million fake profiles, bots clicking ads, stock about to hit under $20 ... I smell a lawsuit by shareholders.

.

sperbonzo · 08-03-2012, 07:17 AM

Quote:

Originally Posted by acrylix

Zuckerburgled

Oh please. People did it to themselves. No one was forced to buy, and anyone with even HALF a brain could have seen that:

1. There are plenty of fake FB profiles
2. Nobody clicks on, or even notices, the ads
3. The stock was valued at 100x earnings.
4. There was no way to increase revenue without selling all the personal data in big chunks, which would destroy the brand.

People suckered themselve. Everyone I talked to that was silly enough to buy it had two reasons, either they wanted to "own a piece of Facebook", or they thought they would make a quick easy 15% in a week and sell. It was all just wishful thinking on their part, and that's what happens when you make stupid decisions..... It costs you.

.

acrylix · 08-03-2012, 07:56 AM

Quote:

Originally Posted by Jesus H Christ

more like, you've been suckerberged!

Quote:

Originally Posted by sperbonzo

Oh please. People did it to themselves. No one was forced to buy, and anyone with even HALF a brain could have seen that

This is true. Without gullible suckers, it'd be much harder for scammers of the world to succeed. Doesn't mean these suckers didn't get Zuckerburgled just the same.

woj · 08-03-2012, 08:21 AM

it's not really surprising that it played out like this... and it's probably just a beginning, I wouldn't be surprised at all if FB ends up a <10 stock by the end of the year...

12clicks · 08-03-2012, 08:53 AM

Quote:

Originally Posted by sperbonzo

Oh please. People did it to themselves. No one was forced to buy, and anyone with even HALF a brain could have seen that:

1. There are plenty of fake FB profiles
2. Nobody clicks on, or even notices, the ads
3. The stock was valued at 100x earnings.
4. There was no way to increase revenue without selling all the personal data in big chunks, which would destroy the brand.

People suckered themselve. Everyone I talked to that was silly enough to buy it had two reasons, either they wanted to "own a piece of Facebook", or they thought they would make a quick easy 15% in a week and sell. It was all just wishful thinking on their part, and that's what happens when you make stupid decisions..... It costs you.

.

exactly....

DVTimes · 08-03-2012, 08:54 AM

What is a fake user?

(a) is it users that fb have faked?

or is (b) it fake acounts people have set up?

if its (b) are they fake or just people who do not want to use there rea\l deatails but still use the accounts?

FreeHugeMovies · 08-03-2012, 09:00 AM

Quote:

Originally Posted by BIGTYMER

FB is losing it's luster with kids from what I can see.

I coach a HS sport. They are ALL on FB use it every min of every day. I don't know what kids you are referring to.

FreeHugeMovies · 08-03-2012, 09:02 AM

You may not like FB at this price, but I love them long term. They are supposedly working on a linked in version on their site. So you have a social and a professional profile.

Fat Panda · 08-03-2012, 09:14 AM

facebook is junk. $5 or less within a year. facebook is a fad

adulttraffic · 08-03-2012, 09:53 AM

I doubt these figures include the millions of accounts created by spammers over the years. Wonder how much their stock would tank if those figures were published.

johnnyloadproductions · 08-03-2012, 10:00 AM

Quote:

Originally Posted by FreeHugeMovies

You may not like FB at this price, but I love them long term. They are supposedly working on a linked in version on their site. So you have a social and a professional profile.

Every site trying to be everything to everyone. Sigh.

johnnyloadproductions · 08-03-2012, 10:04 AM

This article is interesting, the guys at 37signals are about as practical as you can get. Take a read of this. When they were valued at 30 billion they hadn't figured out how to substantially bank on users and given circumstances unlikely they ever will.
Zygna really figured it out. Phew!

David Heinemeier Hansson (creator of Ruby on Rails (37signals basecamp) on his thoughts on Facebook being irrationally valued.

lazycash · 08-03-2012, 10:17 AM

In related news, Friendfinder's stock continues to spiral downward after admitting that 93% of the profiles on their website Adultfriendfinder are fake.

NaughtyRob · 08-03-2012, 10:18 AM

Correct. All they do is twitter and Instagram.

Quote:

Originally Posted by BIGTYMER

FB is losing it's luster with kids from what I can see.

xNetworx · 08-03-2012, 12:14 PM

Quote:

Originally Posted by lazycash

In related news, Friendfinder's stock continues to spiral downward after admitting that 93% of the profiles on their website Adultfriendfinder are fake.

So the hot babe I've been wiring money to for the past 6 months might not be real?

WebCashMaker · 08-03-2012, 12:17 PM

Quote:

Originally Posted by Confined

fb will fall harder than myspace

fb will fall harder than friendster !

Mathieu

TheSquealer · 08-03-2012, 12:21 PM

FB's stock might fall, but saying the company will fail like myspace or friendster is an admission of not understanding why any of them were successful or failed. Facebook was the first to do it right.

acctman · 08-03-2012, 12:41 PM

As long as money can be made on the Internet there will always be fake accounts and spammer. I don't see the big deal, they have something like 900mil+ users and only 80mil are spam/pet pages/misconfigured pages... That's a lot better than any other site.

DVTimes · 08-04-2012, 03:00 PM

10they have gone up a bit: 21.09

u-Bob · 08-04-2012, 03:20 PM

Quote:

Originally Posted by acrylix

This is true. Without gullible suckers, it'd be much harder for scammers of the world to succeed. Doesn't mean these suckers didn't get Zuckerburgled just the same.

They didn't get 'scammed'. A scammer is a thief. It's someone who for example agrees to provide X but instead provides Y or nothing at all after having received the money.

The people who bought FB shares, got what they paid for: shares.

That they weren't able to make the huge profit they were hoping to make off of those shares does not mean that they were scammed. Every entrepreneurial activity is by definition speculative. There's risk involved. Everyone who did not refuse to see the risks here, could see the risks were huge. One quick look at Zynga for example would have been more than enough.

CurrentlySober · 08-04-2012, 03:23 PM

Quote:

Originally Posted by Terrorist

A gratifying dump.

I enjoy a gratifying dump....

Quote:

Originally Posted by V_RocKs

FB = poop

signupdamnit · 08-04-2012, 04:36 PM

Quote:

Originally Posted by sperbonzo

Oh please. People did it to themselves. No one was forced to buy, and anyone with even HALF a brain could have seen that:

1. There are plenty of fake FB profiles
2. Nobody clicks on, or even notices, the ads
3. The stock was valued at 100x earnings.
4. There was no way to increase revenue without selling all the personal data in big chunks, which would destroy the brand.

People suckered themselve. Everyone I talked to that was silly enough to buy it had two reasons, either they wanted to "own a piece of Facebook", or they thought they would make a quick easy 15% in a week and sell. It was all just wishful thinking on their part, and that's what happens when you make stupid decisions..... It costs you.

.

I have to agree. There needs to be some personal responsibility taken for your investments. If you didn't know it was high risk then you didn't do your due diligence.

baddog · 08-04-2012, 05:37 PM

Quote:

Originally Posted by sperbonzo

Oh please. People did it to themselves. No one was forced to buy, and anyone with even HALF a brain could have seen that:

1. There are plenty of fake FB profiles
2. Nobody clicks on, or even notices, the ads
3. The stock was valued at 100x earnings.
4. There was no way to increase revenue without selling all the personal data in big chunks, which would destroy the brand.

People suckered themselve. Everyone I talked to that was silly enough to buy it had two reasons, either they wanted to "own a piece of Facebook", or they thought they would make a quick easy 15% in a week and sell. It was all just wishful thinking on their part, and that's what happens when you make stupid decisions..... It costs you.

.

Absofrigginlutely. Don't gamble more than you can afford to to lose; and they all expected to make millions.

08-03-2012, 02:30 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	Facebook shares slump following fake user confession Social networking giant Facebook has seen its share price tumble after revealing that around 83 million of the site?s profiles are fake. The firm made the disclosure in a 10-Q financial document, filed with the US Securities and Exchange Commission, following the publication of its second quarter results last week. [LINK] __________________ The Affiliate Program

08-03-2012, 02:34 AM	#2
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	Facebook Inc 20.04 https://www.google.com/finance?client=ob&q=NASDAQ:FB# __________________ The Affiliate Program

08-03-2012, 02:35 AM	#3
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	and how long have they known this ? Sounds like the entire initial offering was based on a lie __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

08-03-2012, 03:23 AM	#5
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Taking biz from FB? http://www.valuewalk.com/2012/08/lin...-by-investors/ FB will fall further. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

08-03-2012, 04:16 AM	#8
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	facebook is slamming ! __________________ BUY MY SIG - 50$/Year Contact here

08-03-2012, 03:12 AM	#4
Vapid - BANNED FOR LIFE Barterer Industry Role: Join Date: Aug 2004 Posts: 4,864	312 million of their accounts are what's fake.

08-03-2012, 04:07 AM	#7
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	FB is losing it's luster with kids from what I can see.

08-03-2012, 04:39 AM	#10
Bat_Man Confirmed User Industry Role: Join Date: Apr 2012 Posts: 421	FB is famous but still to go a long way.....too much unusual about it...... __________________ Content lock your adult sites with BLAM ADS

08-03-2012, 04:48 AM	#11
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,422	FB = poop

08-03-2012, 05:04 AM	#12
cariflav Confirmed User Industry Role: Join Date: Feb 2012 Location: Caribbean Posts: 138	80 Million! That is a lot, I for one thing facebook is not worth the share price they started with, and the value they placed on the company is not real value. They will have some trying time on the markets for a few year. But they may gain strength over time. __________________ Exclusive hot Caribbean Sex, Straight, Gay, Lesbian and BBW. Desktop and Mobile Sites. $35 PPS---50% Revshare---5%Webmaster Ref Email: [email protected] ICQ#: 615235514

08-03-2012, 05:49 AM	#13
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	NO WAY !!!

08-03-2012, 05:56 AM	#14
Vapid - BANNED FOR LIFE Barterer Industry Role: Join Date: Aug 2004 Posts: 4,864	http://headnovel.com

08-03-2012, 06:19 AM	#15
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,664	Oh, well ... __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc.

08-03-2012, 06:53 AM	#16
acrylix Confirmed User Industry Role: Join Date: Oct 2006 Posts: 362	Zuckerburgled

08-03-2012, 06:57 AM	#17
acrylix Confirmed User Industry Role: Join Date: Oct 2006 Posts: 362	When will people learn?

08-03-2012, 07:08 AM	#18
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	83 million fake profiles, bots clicking ads, stock about to hit under $20 ... I smell a lawsuit by shareholders. .

08-03-2012, 08:21 AM	#21
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	it's not really surprising that it played out like this... and it's probably just a beginning, I wouldn't be surprised at all if FB ends up a <10 stock by the end of the year... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-03-2012, 08:54 AM	#23
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	What is a fake user? (a) is it users that fb have faked? or is (b) it fake acounts people have set up? if its (b) are they fake or just people who do not want to use there rea\l deatails but still use the accounts? __________________ The Affiliate Program

08-03-2012, 09:02 AM	#25
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	You may not like FB at this price, but I love them long term. They are supposedly working on a linked in version on their site. So you have a social and a professional profile.

08-03-2012, 09:14 AM	#26
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	facebook is junk. $5 or less within a year. facebook is a fad

08-03-2012, 09:53 AM	#27
adulttraffic Confirmed User Industry Role: Join Date: Mar 2006 Posts: 797	I doubt these figures include the millions of accounts created by spammers over the years. Wonder how much their stock would tank if those figures were published.

08-03-2012, 10:04 AM	#29
johnnyloadproductions Account Shutdown Industry Role: Join Date: Oct 2008 Location: Gone Posts: 3,611	This article is interesting, the guys at 37signals are about as practical as you can get. Take a read of this. When they were valued at 30 billion they hadn't figured out how to substantially bank on users and given circumstances unlikely they ever will. Zygna really figured it out. Phew! David Heinemeier Hansson (creator of Ruby on Rails (37signals basecamp) on his thoughts on Facebook being irrationally valued.

08-03-2012, 10:17 AM	#30
lazycash Troll Patrol Industry Role: Join Date: Aug 2002 Location: Local Socal Posts: 15,214	In related news, Friendfinder's stock continues to spiral downward after admitting that 93% of the profiles on their website Adultfriendfinder are fake.

08-03-2012, 12:21 PM	#34
TheSquealer Mayor of Thneedville Industry Role: Join Date: Oct 2004 Posts: 25,394	FB's stock might fall, but saying the company will fail like myspace or friendster is an admission of not understanding why any of them were successful or failed. Facebook was the first to do it right. __________________ . Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard

08-03-2012, 12:41 PM	#35
acctman Confirmed User Join Date: Oct 2003 Location: Atlanta Posts: 2,840	As long as money can be made on the Internet there will always be fake accounts and spammer. I don't see the big deal, they have something like 900mil+ users and only 80mil are spam/pet pages/misconfigured pages... That's a lot better than any other site.

08-04-2012, 03:00 PM	#36
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	10they have gone up a bit: 21.09 __________________ The Affiliate Program