Facebook shares tumble as FTC announces probe

Last Updated: Mar 27 2018 | 2:36 PM IST

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New Delhi, Mar 27 (ANI): Regulators and more companies are taking action against Facebook. The Federal Trade Commission says it opened a non-public investigation in the social network's privacy practices. In Germany, the Justice Minister met with Facebook executives and the Cartel Office is probing the use of data Facebook culls from partner websites. The news sent Facebook's beleaguered shares down more than 5 percent on March 26.