- Facebook Inc (NASDAQ: FB) is battling multiple issues at the same time. The company internally admitted Instagram’s harmful impact on teenagers, especially girls.
- Senators sought to launch a probe on the social media company to validate the truth of the story, the Wall Street Journal reported.
- Lawmakers on Capitol Hill are pushing Facebook to scrap its Instagram app for kids, NPR reports. They are demanding Facebook’s research into how Instagram affects teenage users.
- The FTC’s conclusion regarding Facebook’s alleged anti-competitive acquisitions of Instagram and WhatsApp are also due today.
- Another report found that Facebook’s official documents suggested partiality with high-profile users by its “cross-check” or “XCheck.”
- Price Action: FB shares traded lower by 2.16% at $368.39 on the last check Wednesday.
Star Wars, Pixar, Marvel, Disney NFTs Are Coming: What You Need To Know
Non-fungible tokens may have one of its biggest votes of confidence yet with media conglomerate Walt Disney Company (NYSE: DIS) entering the mix Wednesday.
