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NewsBreak: Facebook Stock Falls as 46 AGs Join Antitrust Probe

Published 2019-10-22, 11:19 a/m
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Investing.com - Facebook (NASDAQ:FB) slipped in midday trade on news that 46 state attorneys general have joined New York in an antitrust investigation into the social media giant.

  • The New York-led antitrust investigation could spark massive changes at the company.

    • The investigation is due to concerns that “Facebook may have put consumer data at risk, reduced the quality of consumers’ choices, and increased the price of advertising,” New York Attorney General Letitia James said in a statement.

    • Shares of Facebook dropped 1.6%.

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