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Facebook stock drops after FTC says it's investigating the company's privacy practices

The Federal Trade Commission confirmed Monday that it has opened an investigation into Facebook Inc.'s privacy practices. The social media giant’s stock quickly dropped more than 5% before recovering somewhat. Around 10:20 a.m. Pacific Time, Facebook shares were down 1.8% at $156.41 — down 19%... Continue reading at 'Los Angeles Times'

[ Los Angeles Times | 2018-03-26 00:00:00 UTC ]
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Facebook stock drops 7% over Cambridge Analytica controversy linked to Trump campaign

Facebook Inc.’s stock tumbled Monday after the social media company accused a data analytics firm used by the Trump campaign of exploiting ill-gotten data belonging to unwitting Facebook users. Shares of Facebook sank 6.7% to $172.69 around 9:50 a.m. Pacific time. On Friday, a Facebook executive... Continue reading at 'Los Angeles Times'

[ Los Angeles Times | 2018-03-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #facebook executive #trump campaign #pacific time