Facebook's share price has fallen below $20 for the first time, as it was revealed around 8 percent of its accounts could be sketchy.
The social-networking website is now worth almost half what it was when it floated on the Nasdaq in May.
It has lost nearly $50 billion in value -- more than the total valuation of Hewlett Packard or coffee company Starbucks. The stock debuted at $38 and since then has headed south, hit by increased doubts about its high valuation, growth prospects, and worries over its ability to make money from its growing mobile audience
Facebook's latest figures suggest as many as 83 million users may come from dubious sources -- including duplicate accounts, pages for pets and those designed to send spam.
The number of real users is critical for the company as it seeks to secure advertising revenues from the website. Some analysts have expressed doubts that the company can boost revenues.
The number of accounts grew to 955 million at the end of the second quarter, but some 8.7 percent may be dodgy, the company admitted in its quarterly filing with the U.S. Securities and Exchange Commission.
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