Facebook shares fell to new lows Thursday, dropping four per cent to close at $20.04 US on the Nasdaq as the company revealed that as many as 83 million accounts on its social networking website might be false or duplicate user profiles.
The company said in a regulatory filing this week that 8.7 per cent of its 955 million monthly active users may be duplicate or false accounts. In May, it estimated that five to six per cent were such accounts.
Insufficient excuse for the dropping share price. I mean, who hasn’t got a pet with her own FB account?

|
Greasy fast food as political statement concerning sexuality.
There is nothing more American than this.

You’d never see that many Christians lined up to help at a food bank or homeless shelter. And that’s something Jesus actually said to do.
|
[Quote]:
$10 million a minute.
That’s about how much the trading problem that set off turmoil on the stock market on Wednesday morning is already costing the trading firm.
The Knight Capital Group announced on Thursday that it lost $440 million when it sold all the stocks it accidentally bought Wednesday morning because a computer glitch.
I bet they mixed metric fucktons of money with imperial ones.
Maybe… buying and selling millions of shares a minute is a bad idea?
|
|
[Quote]:
Australian airline Qantas has denied claims it left a customer on hold … for 15 hours 40 minutes and one second.
The claims were made by a customer who has told Fairfax media and news.com.au that he called to confirm a flight and, upon hearing the usual canned messages about what a valued and deeply-loved customer he is, decided to put that statement to the test. He then tested it to the limit, fearing he’d lose his place in the queue.
The customer, one Andrew Kahn, has produced screen shots of his mobile phone to prove his marathon was real, and says the all-nighter started at seven in the evening and rolled through the night until he finally lost patience after 11:00 AM.
Poor Mark Zuckerberg dropped out of the top 10 richest billionaires because of this. Boo hoo hoo.