Apple Inc. AAPL shares dropped about 3 percent in mid-day trading after Reuters reported the U.S. Department of Justice has given been jurisdiction for potential probe of Apple as part of a broad tech review by antitrust enforcers.
This news broke as with Apple’s Worldwide Developers Conference ongoing.
Earlier, Facebook Inc. FB fell following reports the Federal Trade Commission "will lead an antitrust investigation under an arrangement that gives the Justice Department chief oversight" of Alphabet Inc. GOOGLGOOG's Google.
Apple's stock traded around $172.70 per share at time of publication, down 1.4 percent on the day.
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Facebook Falls Following Reports Of Potential FTC Probe
With Looming Federal Antitrust Probe Over Google, Bank Of America Still Likes Alphabet
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