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Finance expert warns investors on Facebook fakes

decora (1710862) writes | about 3 years ago

Facebook 0

decora writes "Janet Tavakoli, who literally wrote the textbook on modern financial fraud, has posted a scathing excoriation of Facebook's business practices: ". . . after an impostor faked my identity, I was the one that had to put myself further at risk by providing a verifiable scanned government I.D. to prove I had the right to complain about the fraud enabled by Facebook." Ordinary writers would have stopped there, but Tavakoli analyzes corporations for a living: "What is Facebook's strategy? Where is its audited balance sheet? . . . Based on my experience, Facebook doesn't know who is real and who isn't real. . . Investors should take that into account when evaluating Facebook's "users" and the potential for revenues they represent.""
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