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Facebook Turns Toxic for Some ESG Funds

  • Turmoil has cut company’s market value by about $90 billion
  • Some investors now lump Facebook in with so-called sin stocks
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FTC Confirms It Is Investigating Facebook's Data Practices

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Just how toxic is the data-privacy scandal for Facebook Inc.?

So toxic that some investment funds now are lumping in the social network with big polluters and other corporations they consider ethically challenged.