FTC confirms it's investigating Facebook, and Facebook stock drops

The Federal Trade Commission confirmed Monday that it has opened an investigation into Facebook Inc.'s privacy practices.The social media giant's stock quickly dropped more than 5% before recovering somewhat. Around 10:20 a.m. Pacific Time, Facebook shares were down 1.8% at $156.41 — down 19% from their Feb. 1 high.
Read more: http://www.latimes.com/business/technology/la-fi-tn-facebook-ftc-20180326-story.html?source=Snapzu