NEW YORK (AP) — The Federal Trade Commission is investigating Facebook’s privacy practices following a week of privacy scandals including whether the company engaged in “unfair acts” that cause “substantial injury” to consumers.
Facebook’s stock, which already took a big hit last week, plunged as a result.READ MORE: Baltimore Woman And Waldorf Man Charged In Impersonating Federal Officers, State Authorities Say
Facebook said in a statement on Monday that the company remains “strongly committed” to protecting people’s information and that it welcomes the opportunity to answer the FTC’s questions.READ MORE: Maryland Offers "Full Support" After 18 Children, 1 Teacher Killed In Texas Elementary School Shooting
News outlets have reported on the FTC investigation last week, but the FTC hadn’t confirmed it until Monday. Facebook reached a settlement with the FTC in 2011 offering privacy assurances.Maryland Sees Uptick In COVID-19 Cases Among People Under 19
(© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)