Play all audios:
Shares of Facebook Inc fell more than 5 percent on Monday after the U.S. consumer protection regulator made public its investigation of how the social network allowed data of 50 million
users to get into the hands of political consultancy Cambridge Analytica. Shares of Facebook Inc fell more than 5 percent on Monday after the U.S. consumer protection regulator made public
its investigation of how the social network allowed data of 50 million users to get into the hands of political consultancy Cambridge Analytica. Scrutiny by the U.S. Federal Trade
Commission, which generally confirms the existence of an investigation only in cases of significant public interest, adds to pressure by lawmakers in the United States and Europe for
Facebook Chief Executive Mark Zuckerberg to explain how his company handles user data. Facebook shares briefly dipped below $150 on Monday for the first time since July 2017. The company has
now lost more than $100 billion in market value in the last 10 days when news reports first surfaced about Cambridge Analytica's use of Facebook user data in Donald Trump's 2016
presidential campaign. The company also faces rising discontent from advertisers and users. U.S. auto parts retailer Pep Boys on Monday suspended all advertising on Facebook, joining
internet company Mozilla Corp which made a similar move last week. Opinion polls published on Sunday in the United States and Germany cast doubt over the trust people have in Facebook as the
firm ran advertisements in British and U.S. newspapers apologising to users. Fewer than half of Americans trust Facebook to obey U.S. privacy laws, according to a Reuters/Ipsos poll
released on Sunday, while a survey published by Bild am Sonntag, Germany's largest-selling Sunday paper, found 60 percent of Germans fear that Facebook and other social networks are
having a negative impact on democracy.