Daily reviews

26.09.2019

Facebook faces another antitrust probe

news

Social networking giant is facing a fresh regulatory probe. The U.S. Justice Department is looking into whether the social media group has broken antitrust laws.

The company is already under investigations from the FTC, the House antitrust committee and a group of state attorneys general

Stocks impacted: Facebook Inc. (FB)

The Justice Department's probe will focus on separate behavior. Facebook has faced extra scrutiny tied to how it allowed its platforms to be used during the 2016 U.S. presidential election. The company recently paid a $5 billion settlement for sharing 87 million users’ data with defunct British political consulting firm Cambridge Analytica. Facebook stock has surged 39% this year. On Wednesday, the shares declined 0.84% and could nurse more losses on the news.

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