- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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