Facebook stock price plunged by 1.75 percent at the end of yesterday’s trading after falling more than 2.9 percent in midday.
This came after a Wall Street Journal report questioned chief executive Mark Zuckerberg’s privacy disciplines.
The WSJ revealed emails that appear to expose Zuckerberg’s recognition of Facebook’s questionable privacy practices.
The emails were disclosed in response to a Federal Trade Commission probe. WSJ said that these emails could possibly put Zuckerberg’s responsibility towards user privacy into question. However, the US tech giant did not instantly comment to Business Insider’s report.
Last year, Facebook was under serious investigation following a series of scandals linked to how it manages privacy data of its users. After a week of regulative concerns, the social media platform was thumped by the Federal Trade Commission (FTC).
The FTC is expected to throw an antitrust probe into whether Facebook’s practices have hurt competition in the digital market or not
In the meantime, the price of Facebook shares has fallen sharply, yet, $ 10 higher than trading in the past week.