Facebook $FB admits that it has run out of humans to scam and exploit, as Sam Lessin first warned Mark Zuckerberg in 2012. The company's only real growth is in fake accounts, as has been the case for years.
Yet reporters still repeat the company's lies about billions of users.
Yet reporters still repeat the company's lies about billions of users.
This is yet another investor deck that shows an actual *decrease* in daily/monthly active users across certain geographies. Note the peak of 198 million U.S. "users" (actually, accounts, many of them fake) in Q2 2020—never again achieved as of yet.
Red alert.
Red alert.
As usual, $FB provides the public with stale (seven months old), false, completely inaccurate data about its massive fake account problem, referred to internally as SUMA. Meanwhile, @SEC_Enforcement, @FTC, and Congress do nothing. CC: @GaryGensler @chopraftc
@SEC_Enforcement @FTC @GaryGensler @chopraftc $FB disclosure: "we currently use a series of machine learning models that are developed based on internal reviews of limited samples of user accounts and calibrated against user survey data"
HIGHLY CONFIDENTIAL deposition: "no better than a coin flip"
HIGHLY CONFIDENTIAL deposition: "no better than a coin flip"
https://twitter.com/PlainSite/status/1418728024648814594
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