Posted on March 29, 2018, by Vedran Bozicevic | 1 minute 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.
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.
Read more: Forbes
