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Facebook’s New FTC Probe Covers Wide Sphere But Faces Long Odds

  • New investigation is disclosed after record privacy settlement
  • Justice Department also looking at conduct of tech companies
Signage is displayed outside Facebook headquarters in Menlo Park, California.
Photographer: David Paul Morris/Bloomberg
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The U.S. Federal Trade Commission is investigating whether Facebook Inc. violated antitrust laws in a broad sphere of its business - social media, digital advertising and mobile applications.

Facebook detailed the agency’s wide-ranging probe into the company’s business in a regulatory filing Thursday, a day after inking a $5 billion settlement over privacy violations.