Facebook sheds gains after report on potential major fine

Young journalists club

News ID: 34283
Publish Date: 13:19 - 19 January 2019
TEHRAN, Jan 19 -paring gains on Friday after a report that U.S. regulators discussed fining the co for privacy violations

Facebook sheds gains after report on potential major fineTEHRAN, Young Journalists Club (YJC) -paring gains on Friday after a report that U.S. regulators discussed fining the co for privacy violations

 FB last up 0.25 pct after trading with a 2.8 pct gain earlier in the session

 Regulators have met to discuss imposing a record-setting fine against the social network for breaking an agreement with govt to protect users’ personal data, The Washington Post reported.

 The stock is down 29 pct over the past six months, with investors worried about fallout from criticism of its handling of users’ data

Source:Reuters

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