Facebook is under wider scrutiny for how it handles user data.
The FBI, Securities and Exchange Commission, and Federal Trade Commission have reportedly joined the Justice Department's investigation into the relationship between Facebook and data firm Cambridge Analytica.
The expanded probe, first reported by the [Washington Post](https://www.washingtonpost.com/technology/2018/07/02/federal-investigators-broaden-focus-facebooks-role-sharing-data-with-cambridge-analytica-examining-statements-tech-giant/?noredirect=on&utm_term=.4626644756e0), centers on why it took so long for the social media company to disclose the fact that Cambridge had gained access to information on tens of millions of users.
Facebook has said it learned back in 2015 that Cambridge was using data gleaned from its platform to create voter profiles of users, but it only made that revelation public this past March. And while the company said it changed its data policies years ago to prevent third parties from accessing private information, just last week it said as many as 61 app developers were able to get that information even after those changes were implemented.
Shares of Facebook, which have more than recovered from the initial Cambridge scandal and hit an all-time high last month, were down on the news.
Google is moving forward with its previously-announced plan to delete inactive accounts and all associated data.
Federal regulators are investigating Chevrolet Volt hybrid cars after some drivers reported issues including sudden power loss and failure to restart.
Fed Chair Jerome Powell weighed in on interest rates, some of Tesla's cybertrucks have been delivered, Apple and Paramount have reportedly discussed bundling their streaming services together and Panera Bread has reportedly filed to go public.
Accounting firm PWC is facing a $7 million fine from U.S. regulators.
Build-A-Bear Workshop has been one of the most recognizable and beloved toy brands in the world since opening in 1997. Sharon Price John, CEO of Build-A-Bear Workshop, spoke with Cheddar News about its plans for the holiday season this year as well as the company's first animated feature film.
Pfizer will stop the development of its twice-daily weight loss pill due to adverse side effects.
Stocks were generally flat after the opening bell on Friday ahead of Federal Reserve Chair Jerome Powell's comments in a speech at Spelman College later. Investors are growing optimistic that the central bank is done raising rates and may start cutting next year.
Holiday shopping on a budget.
The network of nearly 4,800 fake accounts was attempting to build an audience when it was identified and eliminated by the tech company, which owns Facebook and Instagram.
Tesla Beginning Cyber Truck Deliveries Today
