All the latest UK technology news, reviews and analysis


Facebook reveals 83 million fake accounts plaguing site

02 Aug 2012
Faecbook website frontpage

Facebook has revealed that it has some 83 million fake accounts on its site, almost 10 per cent of its user base, in a new filing with the Securities and Exchange Commission (SEC).

The 10-Q filing reveals that the firm is aware of a large portion of accounts plaguing the site that shouldn't be there, with 4.8 per cent of users owning "duplicate accounts", which is not allowed under the terms and conditions of the service.

Beyond that, there are around 2.4 per cent of "user-misclassified accounts", where users have created "personal profiles for a business, organisation, or non-human entity such as a pet", which are meant to be hosted under its Pages section.

Lastly, some 1.5 per cent of users, around 10 million accounts, are "undesirable", which refers to user profiles that "are intended to be used for purposes that violate our terms of service, such as spamming", the firm explains in the filing.

Adding these percentages up and applying them to the last reported user base of 901 million means there are around 83 million fake accounts in total on the site.

The revelations are yet more bad news for the firm, as it attempts to improve advertising revenues and grow its share price after a disappointing flotation on the stock market in May.

The report comes a week after the firm posted its first public earnings, which revealed a loss of $157m for the quarter, sending its share price plummeting by almost 10 per cent to its lowest price since it hit the market in May.

The firm's share price is now teetering on the edge of the $20 mark, almost half its flotation value of $38.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Dan Worth
About

Dan Worth is the news editor for V3 having first joined the site as a reporter in November 2009. He specialises in a raft of areas including fixed and mobile telecoms, data protection, social media and government IT. Before joining V3 Dan covered communications technology, data handling and resilience in the emergency services sector on the BAPCO Journal

View Dan's Google+ profile

More on Social Networking
What do you think?
blog comments powered by Disqus
Poll

BYOD vs CYOD vs BYOC poll

Which approach is your firm taking to managing employees' mobile devices?
21%
13%
4%
21%
30%
11%

Popular Threads

Powered by Disqus
Sony Xperia Z2 Tablet powered by Android KitKat 4.4

Sony Xperia Z2 Tablet video

We take a look at the lightweight, waterproof tablet

Updating your subscription status Loading
Newsletters

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button
hpv33

Data protection: the key challenges

Deduplication is a foundational technology for efficient backup and recovery

rdc2

iPad makes its mark in the enterprise

The iPad can become a supercharged unified communications endpoint, allowing users to enhance their productivity

Software Development Engineer

Develop: Customise: Configure. Maximise your technical...

ASP .NET Web Developers (C#)

.Net / C# / ASP . NET / MVC / SQL We are looking...

Senior Web Designer

Bit Zesty are a digital design and development agency...

ICT Data Analyst (Contract) – Waste Management

We are currently seeking a Data Analyst to join the busy...
To send to more than one email address, simply separate each address with a comma.