FTC Probing Facebook for Use of Personal Data, Source Says

Having already lost nearly $50 billion in stock market losses, Facebook Inc. is now under investigation by a U.S. privacy watchdog over the use of personal data of 50 million users by a data analytics firm to help elect President Donald Trump.

The U.S. Federal Trade Commission is probing whether Facebook violated terms of a 2011 consent decree over its handing of user data that was transferred to Cambridge Analytica without their knowledge, according to a person familiar with the matter.

Read about the Facebook data breach investigation by FTC on Bloomberg.

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