Facebook Under Pressure As US Investigate Social Network

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Facebook has come under fresh pressure after the US Federal Trade Commission (FTC) announced an investigation into the social network.
The company's stock was down by as much as 6% in Monday trading after the latest development following the disclosure that the data of 50 million users fell into the hands of political consultancy Cambridge Analytica.
Shares briefly dipped below $150 for the first time since July 2017.
That left the company's market value more than $100bn lower than ten days ago, when reports began to surface about Cambridge Analytica's use of data in Donald Trump's 2016 election campaign.
However, the shares later fought back to end the session slightly higher, amid a wider Wall Street rally.

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