Why Are Facebook's Shares Under Pressure?

September 15, 2021 11:58 AM | 1 min read |

Facebook Inc FB is battling multiple issues at the same time. The company internally admitted Instagram's harmful impact on teenagers, especially girls.
Senators sought to launch a probe on the social media company to validate the truth of the story, the Wall Street Journal reported.
Lawmakers on Capitol Hill are pushing Facebook to scrap its Instagram app for kids, NPR reports. They are demanding Facebook's research into how Instagram affects teenage users.
The FTC's conclusion regarding Facebook's alleged anti-competitive acquisitions of Instagram and WhatsApp are also due today.
Another report found that Facebook's official documents suggested partiality with high-profile users by its "cross-check" or "XCheck."
Price Action: FB shares traded lower by 2.16% at $368.39 on the last check Wednesday.