Facebook is facing a criminal probe into data-sharing deals it arranged with at least two other technology companies, the New York Times reported on Wednesday.
These deals, which have mostly been discontinued, allowed people to access their Facebook accounts, or specific Facebook features, on platforms from other companies, including Blackberry and Windows Mobile phones. Facebook defended the deals after a Times report in December, noting that the data was shared to provide users with specific features — not for advertisers — and that they were publicized and scrutinized at the time.
Responding to CNBC's request for comment, Facebook said:"It has already been reported that there are ongoing federal investigations, including by the Department of Justice."
Biggest issue is its value ... Half a trillion, for free product (with costs) that is cutting back on data it sells. Crazy valuation up here IMHO
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