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I can't believe this hasn't been brought up... but there is a massive conflict of interest here. And not due to the slimy but mostly above board reasons posted
by why42 9y ago
I can't believe this hasn't been brought up... but there is a massive conflict of interest here. And not due to the slimy but mostly above board reasons posted in the article.
It is deep rooted in the financial industry.
Misleading investors is not punished if you have a big business. Especially in tech.
Facebook stands to lose or gain billions of dollars on market capitalization based on how many people investors perceive to be on Facebook.
If Facebook is over-reporting users by any size multiple, they stand to get billions in additional valuation. The people using fake accounts don't want to get caught, as they make money from them.
Given the above, how can anyone realistically expect Facebook to really commit to cleaning up fake accounts? This isn't just for Facebook.
Big business has proven to be beyond prosecution unless they engage in the most outrageous behavior.
- leggomylibro 9y agoExactly, they have zero incentive to remove fake accounts, and several incentives to keep them. This is all just a show on their part. But I doubt that only 10% of facebook accounts are real.