While you were sleeping: Facebook sparks tech selloff

Mon, 19 Mar 2018

By Margreet Dietz March 20 (BusinessDesk) - Wall Street dropped as a plunge in Facebook shares led a decline in technology stock amid concern the industry could face an increase in regulation. Shares of Facebook sank, down 6.5 percent as of 1.41pm in New York, amid reports of misuse of its users’ data. “Tech companies all use data one way or the other as part of their businesses,” Shawn Cruz, senior trading specialist at TD Ameritrade in Chicago, told Reuters. “They are going to get a lot more scrutiny over what data they are collect...

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