FTC Investigating Facebook in the Wake of Cambridge Analytica Crisis

GlobalDots
1 Min read

U.S. Federal Trade Commission (FTC) confirmed that it has launched an open, non-public investigation into Facebook‘s privacy practices following the Cambridge Analytica crisis.

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FTC is allegedly focused on finding whether Facebook violated a 2011 consent decree over its handling of the personal data of more than 50 million users, which an app creator transferred to a data analysis firm without the users’ knowledge.

Facebook fell as much as 6% to $149.84 on Monday after the announcement, taking the stock down 20% from its 52-week high.

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Read more: Forbes

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