Facebook says that 83.1 million of its users are fake accounts. These fake accounts make up 8.7 percent of Facebook’s 955 million.

Recently Facebook has been cracking on people with multiple Facebook accounts.

People with multiple accounts have been receiving messages that look like this: 

Section 4 of the Facebook Statement of Rights and Responsibilities states:

1. You will not provide any false personal information on Facebook, or create an account for anyone other than yourself without permission.
2. You will not create more than one personal account.

Facebook IPO takes another hit:

Today Facebook shares are down more than 4% today, falling to as low as $19.91, and currently hovering around the $20 mark. A stock that briefly traded as high as $45 on its first day is less than half that now.

Facebook began trading publicly in mid-May following one of the most anticipated stock offerings in history.

Many have said that the reason the Facebook IPO has flopped is because Social Media is not a business.