Twitter Sinks as Regulatory Pressure Grows After Facebook: Chart

(Bloomberg) -- There’s a knock-on effect happening in the social-media universe as Facebook Inc.’s data crisis draws the attention of the U.S. Federal Trade Commission and Congress. Twitter Inc. sank as much as 11 percent intraday on Tuesday, the most since July 2017. Facebook, meanwhile, is down 6.2 percent intraday, following a decline of 6.8 percent Monday that was the company’s largest since March 2014.

To contact the reporter on this story: Sophie Caronello in Washington at scaronello@bloomberg.net.

To contact the editors responsible for this story: Cesca Antonelli at fantonelli@bloomberg.net, Nancy Moran, Richard Richtmyer

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