Facebook shares slip on possible anti-trust move
Facebook says it denies ‘backdoor’ access to law enforcement because it’s seen as a gift to criminals, hackers and repressive regimes. – EPA pic, December 13, 2019.
FACEBOOK shares slipped yesterday after a report that US regulators want an injunction against the social network strengthening how its apps and those of others integrate with the platform. Facebook shares ended the formal trading day down 2.7% to US$196.75 as a Wall Street Journal report raised the spectre of anti-trust action by the Federal Trade Commission.
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