Facebook shares drop sharply after unearthed emails

Facebook shares tumbled by up to 2.9% in midday trading Wednesday as investors withdrew a Wall Street Journal report that described what can be a connection between primary executive Mark Zuckerberg and suspicious privacy practices. 

Read Facebook internal emails Seem to show that Mark Zuckerberg was aware of debatable privacy practices

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The social media has discovered mails that seem to show Zuckerberg was aware of”possibly problematic privacy practices” at Facebook, the WSJ reported, citing people knowledgeable about the issue.

Facebook stocks dropped sharply midday Wednesday after The Wall Street Journal reported the technology firm had uncovered mails that seem to reflect a link between CEO Mark Zuckerberg and also”possibly problematic privacy practices at the company.”
The emails were found in response to a probe to the business from the Federal Trade Commission, the WSJ reported, citing people knowledgeable about the issue.
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The mails were reportedly found in response. The mails may throw Zuckerberg’s commitment to user privacy into query, the WSJ said.

The move on Wednesday comes a week following regulatory worries slammed Facebook and the wider technology distance. The FTC will oversee any antitrust probe into if Facebook’s practices have hurt competitors in the digital marketplace, the WSJ reported a week, sending shares sharply lower.

Facebook has fallen under intense scrutiny in the last year amid a string of scandals associated with the way the technology giant handles its own consumers’ data. … Read More