Facebook shares slip on report of widened probe on data scandal

Reuters 

(Reuters) - Shares of Inc fell more than 1 percent in premarket trade on Tuesday, after a report said that a federal probe on the linked to was broadened and will include more government agencies.

The Federal Bureau of Investigation, the and the have joined the in its inquiries about the two companies and the sharing of personal information of 71 million Americans, reported citing five people.

A told on late Monday that it is cooperating with officials in the U.S., UK and beyond.

"We've provided public testimony, answered questions, and pledged to continue our assistance as their work continues," the said.

The emphasis has been on Facebook's sharing of information square with the underlying facts and whether the company made sufficiently complete and timely disclosures to the public and investors, according to

Facebook shares were down 1.4 percent at $194.64 in premarket trading on the Nasdaq.

The stock lost about 18 percent of its value in the seven trading days after the data scandal broke, but has since gained about 30 percent.

(Reporting by in Bengaluru; Editing by Bernard Orr)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 03 2018. 18:51 IST