Daily Rabbit Hole #130 | Facebook stock takes hit on FTC probe

A probe by the Federal Trade Commission is the latest bad news to slam Facebook, after the agency announced Monday it was launching a nonpublic investigation into the social media giant’s privacy practices.

“The FTC is firmly and fully committed to using all of its tools to protect the privacy of consumers,” Tom Pahl, acting director of the FTC’s Bureau of Consumer Protection, said in a statement. “The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook.”

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