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Facebook Inc.

Facebook shares fall as FTC confirms it is investigating the company's privacy practices

Facebook shares fall as FTC confirms it is investigating the company's privacy practices

The Federal Trade Commission confirmed Monday that it opened an investigation of Facebook and the Senate Judiciary Committee called on the company’s chief executive, Mark Zuckerberg, to testify as scrutiny mounts over the social media giant’s handling of user data.

The unfolding crisis at Facebook caused shares to dive nearly 7% on Monday before rebounding to $160.06, just above their opening price. The company’s stock price has fallen 17% from its Feb. 1 high.

The continued backlash follows a weekend in which Facebook tried to contain the controversy by placing full-page ads in U.S. and British newspapers apologizing for the unauthorized leak of user data to Cambridge...

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