FTC confirms investigation of Facebook

The Latest on reports that millions of Facebook users' data was used to target political ads.

The Federal Trade Commission is investigating Facebook's privacy practices following a week of privacy scandals including whether the company engaged in "unfair acts" that cause "substantial injury" to consumers.

Facebook's stock, which already took a big hit last week, plunged as a result.

Facebook said in a statement on Monday that the company remains "strongly committed" to protecting people's information and that it welcomes the opportunity to answer the FTC's questions.

Get more on this story on ABC 11.

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