Facebook Slides After Report Claims 50% Of Its Users Are Fake

As bad as things have been for Facebook since the Cambridge Analytica scandal broke one year ago, one team of researchers, led by a former peer of Mark Zuckerberg at Harvard who created one of the original Facebook prototypes, thinks the reality of the company’s circumstances is even more dire than investors realize.

In a report published Thursday by PlainSite, an independent research shop led by Aaron Greenspan, analysts calculated that Facebook CEO Mark Zuckerberg has been regularly lying to investors and the public about the company’s user metrics, and that the company could be overestimating the number of users by as much as 50%.

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