Situational awareness: The stock market had a massive day of gains as trade fears eased, with the Dow finishing 670 points up and putting an end to last week's streak of stock misery.
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Facebook's woes have entered the Washington bloodstream, with Congress amplifying calls to testify and the Federal Trade Commission confirming today the existence of a non-public investigation into the company's user privacy practices.
“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... [T]he 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.”
But, but, but: The public is still mixed on regulating Big Tech.
Sequita Thompson, grandmother of Stephon Clark who was shot and killed by Sacramento police, cries during a news conference in Sacramento, California. Photo: Justin Sullivan/Getty Images
A pair of Axios videos for your viewing: