Facebook (FB) Shares Drop as "Purge" Enters Day 2

According to reports, yesterday Facebook (Nasdaq: FB) began the process of purging 80 million fake user profiles. As a result, many users are seeing a huge drop in "Likes". The purge was announced last month and includes automated efforts to clean up the system and eliminate the fake profiles, malware, compromised accounts, deception, and purchases of bulk Likes.

Of the 950 million Facebook accounts, 8.7 could be duplicates or otherwise undesirable user accounts, according to data previous announcement by Facebook. Techcrunch.com noticed a sharp decline in fans of Zynga's (Nasdaq: ZYGA) Texas Holdem Poker, which lost 96 thousand of its 63 million fans yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Bessent: U.S. will enforce 'zero leakage' approach to Iran sanctions
• Trex Company names Brian J. Taylor as its first chief commercial officer
• AbbVie lung cancer drug data shows high response rates at WCLC 2026