Friday, August 3, 2012

Facebook share price hits all time LOW - nearly half value at float - And this was Before revealing it has more than 83million FAKE accounts

Facebook's share price today hit an all time low of $19.82 which values the social networking giant at almost half its May initial offering price of $38.

The company’s stock dropped 88 cents on Thursday, dropping to its new low after the company posted disappointing earnings last week.

It also directly followed the revelation today there are now more than 83 million fake users on its social network.

The astonishing figure makes up 8.7% of all Facebook's 995 million active users.

The true scale of the problem was hidden in a company filing published this week, the first since the firm went public. Read More