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-0.00149620105201637 -0.000526008182349523 0.000730566919929866 0.00350672121566349 0.00391583869082417 0.00660432495616612 0.0131502045587376 0.0104032729398013
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Facebook under pressure as EU, U.S. urge probes of data practices [Reuters]

FACEBOOK (FB)  More Company Research Source: Reuters
Last facebook earnings: 7/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Facebook under pressure as EU, U.S. urge probes of data practices | Reuters 4 Min Read (Reuters) - Facebook Inc faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump’s campaign gained access to data on 50 million Facebook users. Facebook’s shares were down 7 percent, wiping around $30 billion off its market value and dragging the S&P 500 technology sector down almost 2 percent. Facebook shares were on track for their biggest one-day percentage decline since Oct. 2014. “We think this episode is another indication of systemic problems at Facebook,” said Brian Wieser, analyst at New York-based brokerage Pivotal Research Group, which already has a “sell” rating on a stock that rose 60 percent last year. Wieser argued that regulatory risks for the company would intensify and enhanced use of data in advertising would be at greater risk than before. The scrutiny presents a new threat [Read more]

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