Facebook the world’s most popular social networking site has over 83 million fake profiles/bogus profiles. A majority among these are created by users for their pets, a high percentage being dogs. The first quarterly report submitted to US Financial Regulators revealed 8.7 percent of its 955 million users were fake user profiles.

The report further reveals that approximately 83.09 million users on Facebook were bogus with duplicate profiles exceeding 46 million and accounting for 4.8 percent of accounts. According to reports, “User- Misclassified” profiles were around 23 million accounting for 2.4 percent of accounts. In this category, according to Facebook, “Users have created personal profiles for a business, organization or non-human entity such as a pet”.

14 million accounts on Facebook are considered “Undesirable Profiles” These users breach terms and Conditions of Facebook. High number of fake profiles is certainly not what Facebook would want at any given time. Making matters worse for the biggest social networking site is their disastrous share floatation attempt. Are the good times over for Facebook?