FTC Investigating Facebook!Written by Michael Levanduski
September 13, 2013 # 11:09 am # Industry News, Legal Challenges, Specials # 4 Comments
Facebook spokeswomen Jodi Seth said in an email statement, “Importantly, our updated policies do not grant Facebook any additional rights to use consumer information in advertising, rather, the new policies further clarify and explain our existing practices. We take these issues very seriously and are confident that our policies are fully compliant with our agreement with the FTC.”
Facebook investors don’t seem concerned that this will cause any issues, driving the Facebook stock to its highest level ever of $45.62 on Thursday, September 12th, before it dropped back to $44.75 at the closing bell.