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US consumer watchdog to query tech giants over financial data -sources

The U.S. consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to boost consumer protections and financial sector competition, according to two people briefed on the matter.

Facebook restricts employee access to some internal discussion groups

Facebook has told employees it is tightening controls over some internal discussion groups, a move that comes after Frances Haugen, a former employee, gathered documents that formed the foundation of The Wall Street Journal’s Facebook Files series showing the company’s platforms are riddled with flaws that can cause harm.

Facebook Whistleblower’s Claims Test SEC’s Reach

The controversy over what Facebook Inc. has said about social and emotional hazards stemming from its products could become a test of regulators’ growing interest in policing corporate risks that hurt reputations more than profits.