Facebook stock drops after reports of FTC probe and UK summons of Zuckerberg in data scandal

CNBC – SARA SALINAS

The Federal Trade Commission is investigating whether the use of personal data from 50 million Facebook users by Cambridge Analytica violated a consent decree the tech company signed with the agency in 2011, Bloomberg reported Monday.

The probe follows a weekend of turmoil for the social media giant. Reports this weekend said the research firm improperly gained access to the data of more than 50 million Facebook users.

“We are aware of the issues that have been raised but cannot comment on whether we are investigating. We take any allegations of violations of our consent decrees very seriously as we did in 2012 in a privacy case involving Google,” a spokesman for the FTC said Tuesday.

Read more at CNBC

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