Facebores’s share price today hit an all time low of $19.82 which values the social networking giant at almost half its May initial offering price of $38.
The company’s stock dropped 88 cents on Thursday, dropping to its new low after the company posted disappointing earnings last week.
It also directly followed the revelation today there are now more than 83 million fake users on its social network.
The astonishing figure makes up 8.7% of all Facebore’s 995 million active users.
The true scale of the problem was hidden in a company filing published this week, the first since the firm went public.
Duplicate profiles made up 4.8% of the fakes, user-misclassified accounts amounted to 2.4%, and 1.5% of users were described as ‘undesirable’.
There were 83.09 million fake users in total, which Facebook classified in three groups.
The largest group were duplicate accounts, such as those set up by people to keep their activities from their partner.
The firm defined them as ‘an account that a user maintains in addition to his or her principal account.’
Others imaginary users were described as ‘user-misclassified’ where, Facebore said ‘users have created personal profiles for a business, organisation, or non-human entity such as a pet’.
Users have created pages for cats, dogs and other animals.