Facebook Has Some Real Problems Now

Shares of social network Facebook (NASDAQ: FB) slid as much as 9.3% on Monday. As of 3:24 p.m. EDT, the stock was down 7.5%.The stock’s pullback follows news that the Federal Trade Commission (FTC) was assigned jurisdiction to see whether Facebook’s dominance harms competition, The Wall Street Journal reported.“The FTC secured the rights to begin a potential investigation of Facebook and whether it has engaged in unlawful monopolistic practices,” wrote the Journal’s Brent Kendall and John D. McKinnon, citing people familiar with the matter.“The fact that the commission formally secured jurisdiction on those issues suggests it is considering even more

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