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Facebook is under federal investigation

Illustration: Rebecca Zisser/Axios

The Federal Trade Commission on Monday morning confirmed that it has opened a non-public investigation into Facebook for its user privacy practices.

Market impact: Facebook shares are down 2% as of 12:30pm.

Here is the FTC's statement:

“The FTC is firmly and fully committed to using all of its tools to protect the privacy of consumers. Foremost among these tools is enforcement action against companies that fail to honor their privacy promises, including to comply with Privacy Shield, or that engage in unfair acts that cause substantial injury to consumers in violation of the FTC Act. Companies who have settled previous FTC actions must also comply with FTC order provisions imposing privacy and data security requirements. Accordingly, the FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook. Today, the FTC is confirming that it has an open non-public investigation into these practices.”

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Khorri Atkinson 1 hour ago
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Generation Z's next battleground: lowering the voting age

Students walking out on the 19th anniversary of Columbine
Tens of thousands participate in the March for Our Lives Rally. Photo: Andrew Lichtenstein/Corbis via Getty Images

Washington, D.C. is on the verge of becoming the first major U.S. city to allow people as young as 16 to vote in local and federal elections, including for president — under a proposal that has gotten support from a majority of the District’s council and the mayor.

Why it matters: Lowering the voting age to 16 from 18 is a direct attempt to capitalize on the post-millennial generation’s brewing political activism and power that have been radically heightened by the country’s increasingly polarized climate.