The bombshell antitrust investigation into Facebook will focus on its core business

Facebook announced Wednesday that it's the subject of a Federal Trade Commission antitrust investigation. An anonymous source told Bloomberg the probe will center on Facebook's core business — social media. According to the source, the FTC has already reached out to third-parties for help understanding the competitive dynamics of social media. Visit Business Insider's homepage for more stories.

Facebook announced Wednesday that it's the subject of a Federal Trade Commission antitrust investigation. An anonymous source told Bloomberg the probe will center on Facebook's core business — social media. According to the source, the FTC has already reached out to third-parties for help understanding the competitive dynamics of social media. Visit Business Insider's homepage for more stories.

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Facebook earnings include admission of two antitrust probes and billions in fines, but stock barely hurtShares of the social-networking behemoth dip slightly in the extended session Wednesday after it announced second-quarter results that beat analysts’... The big FU to America. Where criminals gain even when they’re guilty af.... only 5B slap on wrist 1 qtrs earnings and keep it trucking. No jail no nothing... a complete and utter joke!
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