Thursday, August 2, 2012

Facebook admits millions of accounts are fake - New York News | New York Breaking News | NYC Headlines


Facebook's share price dipped below $20 on Thursday after reporting slowing growth and an admission of an alarming number of fake accounts.

In a quarterly filing with the Securities and Exchange Commission, the social media company said that as many as 83 million of its accounts are fake.

Jobless Claims in U.S. Climbed Less Than Forecast Last Week - Bloomberg