GAAP earnings of 0.98 puts par value of fraud book at 30. greatest growth comes from the fraud countries - dead US growth - saturated waning interest. How to perpetuate fraud - simply convince everyone that a like is equivalent to a sale or conversion. MORONS.
Click fraud has been around since the beginning of PPC advertising. It's already priced in by advertisers in what they're willing to bid to get the return they get from click advertising.
You got anything better to hang your hat on shorts?
Sentiment: Strong Buy
Impact of fake likes is Farcebook has somehow convinced investors and advertisers that ROI should include likes and comments not just conversions to sales. Take out the fraud and farcebook falls $20 TO 30 DOLLARS EASY.
Good work posting this razzle. Sad that this fraud continues. how long before the adverts figure this out. Apparently more than a couple of qtrs - it doesnj't stop here - what about all the fake accounts - don't forget the bots and those who use adblockers - facebook counts monthly active users as a login. How stupid is that. You can tell how stupid those advertising on facebook by what the government does - The US State Dept. reportedly paid 630,000 for likes, got 2 Million fans and only saw 2% increase in engagement. Now that is just plain dumb. FRAUD ALERT.