Is Facebook dying? In its first report as a public company last week, Facebook announced that it has lost $157m from April to June. Shares have now fallen to a new low of $23.71 compared to the initial price of $38 when Facebook first became listed on the Nasdaq in May. On top of this, it has been estimated that Facebook has over 83 million illegitimate accounts, adding to the growing concern about the effectiveness of Facebook as a marketing and advertising platform.