"Dal mein kuch Kaala hai .....ya poori dal hi kaali hai "
83 million Facebook accounts may be fakes ( fox news )
Facebook's share price has fallen below $20 for the first time, as it was revealed around 8 percent of its accounts could be sketchy.
The social-networking website is now worth almost half what it was when it floated on the Nasdaq in May.
It has lost nearly $50 billion in value -- more than the total valuation of Hewlett Packard or coffee company Starbucks. The stock debuted at $38 and since then has headed south, hit by increased doubts about its high valuation, growth prospects, and worries over its ability to make money from its growing mobile audience
Read more: http://www.foxnews.com/tech/2012/08/03/83-million-facebook-accounts-may-be-fakes/#ixzz22UW2zAMi
Location: God's own country
Posted on: 04-08-12 04:17:33
Best of luck to all the suckers who bought FB at $ 40 and are still holding on to it.
Peace
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I am a Gents and not a Ladies.
Facebook stock, its all a rigged game, read here http://www.businessinsider.com/facebooks-bankers-shorting-facebooks-stock-2012-8
$ 15 not too far now. I feel the next quarter facebook will really have to fudge their earnings numbers to impress the investors or to maintain their interest in the company. I feel they will come up with surprising quarterly profit so that the stock will gain little bit on upside (so that they can continue looting people's money) otherwise the stock will continue its downturn.
Not only Facebook, but other Social Media shares are plummetting like a heavy rock slides. Groupon down, Facebook down, Zynga down. Suckers are feeling the pinch.
Here's for your eyes:
http://online.wsj.com/article/SB10000872396390443989204577599273177326912.html
Who's next? Angry Birds?
