We have evidence Facebook padded user numbers for higher revenue: Whistleblower attorney

Facebook whistleblower’s attorney Andrew Bakaj joins ’Closing Bell’ to discuss why he believes Facebook is engaged in fraudulent activity, why they decided to file complaints with the SEC and how Facebook can move forward productively. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Facebook shares fell nearly 5% on Monday after the company suffered its worst service outage in about 13 years, and a day after “60 Minutes” aired an interview with a whistleblower, who accused the company of betraying democracy. The market was broadly down Monday, with the tech-heavy Nasdaq Composite dropping over 2%. The decline was particularly sharp among social media stocks, as Twitter, Snap and Pinterest each fell more than 5%.