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Twitter's Fake Followers Watching IPO Closely

Posted by samzenpus on from the keeping-it-real dept.

kraksmoka writes "Is your social media pro 'making it go viral' by pressing a button instead of interacting with a real audience? The purchase and use of fake followers by small to mid-sized social media agencies is rising on Twitter and there is concern that the growth of fake followers can't be stopped. "

1 of 120 comments (clear)

  1. Fake followers - fake profits by Chemisor · · Score: 5, Informative

    It is mind boggling that people are evidently buying this stock without having looked at their finances, easily available from Google. Surely they would have noticed that Twitter has negative net income of -$64M. Worse, it looks like have had net losses in each of the last three years and their losses appear to be accelerating downward (see graph on top of the page) even with increasing revenue. I have no idea how anybody came up with a $20 market cap value. To me they look like an overpriced loser on their way to bankruptcy.