Facebook stock slides after FTC launches probe of data scandal

Facebook stock slides after FTC launches probe of data scandal

Facebook stock slides after FTC launches probe of data scandal

Shares of Facebook cratered as much as 6 percent Monday after the Federal Trade Commission announced it is investigating the company's data practices in the wake of the Cambridge Analytica leak of 50 million users' information. "The FTC takes very ...


CNBC
Demands Grow for Facebook to Explain Its Privacy Policies

Each violation of the agreement, which the agency reached with Facebook as part of a settlement over third-party apps, carries a penalty of up to $40,000 a day. The agency's acknowledgment of its investigation helped push Facebook's stock down as much ...


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