Another one from the "No way. You've got to be kidding me!" file.
If I hadn't already laid out a litany of reasons to stay away from stocks like Groupon, Facebook and the rest of everything that has any whiff of so-called "Social Media" involved with it, here comes another reason:
"Spammers create as many as 40 percent of the accounts on social-media sites...."
So that means that 40% Facebook's supposed 900 million alleged users don't exist?
Bloomberg reports in: ‘Likejacking’: Spammers Hit Social Media:
“Social spam can be a lot more effective than e-mail spam,” says Mark Risher, chief executive officer of Impermium, which sells anti-spam software. “The bad guys are taking to this with great abandon.”
Spammers create as many as 40 percent of the accounts on social-media sites, according to Risher. About 8 percent of messages sent via social pages are spam, approximately twice the volume of six months ago, he says. Spammers use the sharing features on social sites to spread their messages. Click on a spammer’s link on Facebook, and it may ask you to “like” or “share” a page, or to allow an app to gain access to your profile.
Woo-boy! Did I say "Facebook shares in the mid-20s by December?" I did. Good. But I was wrong. Look for the mid-10s!
That's where it's going!
Read more: ‘Likejacking’: Spammers Hit Social Media