With the market turndown this afternoon, Facebook (NASDAQ:FB) is 3.2% lower in a resumption of a near-weeklong downdraft.

In developments today, The UK’s Information Commissioner’s Office has been granted a warrant to search the offices of Cambridge Analytica, Sky News says.

On Monday, Facebook auditors set to go over Cambridge’s records were ordered to stand down while the government sought its own warrant.

The research firm says it’s undertaking its own third-party audit for data verification. Elon Musk Got Involved.

Meanwhile, pressed on Twitter in response to the “#DeleteFacebook” movement, SpaceX (Private:SPACE) chief Elon Musk said he’d delete the firm’s page on Facebook — “I didn’t realize there was one. Will do,” he said — and Tesla’s page as well.

In further discussion on Twitter, he says “Instagram’s probably ok imo, so long as it stays fairly independent. I don’t use FB & never have, so don’t think I’m some kind of martyr or my companies are taking a huge blow.

“We’ve never advertised with FB. None of my companies buy advertising or pay famous people to fake endorse. Product lives or dies on its own merits.”

Facebook says it’s reviewing an invitation for CEO Mark Zuckerberg to testify before the House Energy and Commerce Committee, while Senators on the Commerce, Science and Transportation Committee say they need him to testify to restore “lost trust.”

Your input is required

Disagree, or have your own opinion? SUBMIT AN ARTICLE TODAY

Feel like commenting? Do you want to join a community of investors and start making money, for free? Then REGISTER now:

We want you to join our community

Benefits of signing up for a FREE membership now:

-No more costly delays in waiting for material

-Dozens of publications per week, including news coverage, earnings commentary, analysis, politics, and more

-Access to special guest contributions, including from WSJ, CNBC, and prolific independent authors

Ability to comment on articles

Access to our weekly newsletter

-Publish your own opinion/analysis

CLICK HERE: All you have to do is register, and join the community today. 

Thank you for your readership, and for your loyalty.




Please Like And Share Our Content!