The SEC and Department of Justice are now getting involved with the federal probe into Facebook. And that is about all that is known. Facebook’s stock dipped 1.2% on the news. A collective butt-clenching noise could be heard all over the Bay area.



WASHINGTON (AP) — A federal probe into Facebook’s sharing of user data with Cambridge Analytica now involves the FBI, the Securities and Exchange Commission and the Justice Department, the Washington Post reported.

Representatives from these agencies have joined the Federal Trade Commission in the inquiry, the newspaper reported, citing five unnamed people familiar with the matter. Those people spoke on condition of anonymity because the probes are not complete.

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Source: [H]ardOCP – Facebook! You Have Some ‘Splainin’ to do