Facebook shares drop on news of fake accounts

In the morning, we were talking about Facebook fake accounts, that people have set up for the so-called “nefarious” uses, such as spamming. Apparently this news that has spread like wildfire has led to the Facebook shares falling to a new low by 4 percent.

Facebook released information in a regulatory filing this week that as many as 8.7 percent of its 955 million monthly active users may be duplicate or false accounts.

The Facebook stock has been falling since it released its quarterly earnings last week, for the first time as a public company.

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