Say it isn’t so! Facebook fraud! Could one of the hottest companies in the world, actually be selling fake Likes to Facebook fan pages who buy Likes on the popular social network?
As you would imagine the video comes as a shocker to many. Although at the rate Facebook is growing in revenue but losing users, it does not come as a surprise to many others.
Could it be true? Could Facebook actually be cheating others out of money? Well check out the video and you decide.
Video by Veritasium.
Here is what Veritasium had to say:
Evidence Facebook’s revenue is based on fake likes.
My first vid on the problem with Facebook: http://bit.ly/1dXudqY
I know first-hand that Facebook’s advertising model is deeply flawed. When I paid to promote my page I gained 80,000 followers in developing countries who didn’t care about Veritasium (but I wasn’t aware of this at the time). They drove my reach and engagement numbers down, basically rendering the page useless. I am not the only one who has experienced this. Rory Cellan-Jones had the same luck with Virtual Bagel:http://www.bbc.co.uk/news/technology-…
The US Department of State spent $630,000 to acquire 2 million page likes and then realized only 2% were engaged.http://wapo.st/1glcyZo
Controversial Video Claims Facebook Generates Revenue by Selling Fake Likes.