Los Angeles Times

Facebook CEO Mark Zuckerberg's appearance before Congress turned into something of a pointed gripe session, with both Democratic and Republican senators attacking Facebook for failing to protect users’ data and stop Russian election interference, and raising questions about whether Facebook should be more heavily regulated. Of specific interest were the revelations that sensitive data of as many as 87 million Facebook users were harvested without explicit permission by a political consulting firm, Cambridge Analytica, which was connected to the Trump campaign.

Sinclair Broadcast Group has once again mobilized its local television stations to criticize media competitors, accusing CNN of "dishonesty and hypocrisy."  CNN media reporter Brian Stelter had came down hard on the network for its  mandated messaging condemning "one-sided news stories" and "bias." Many Sinclair journalists weren't happy with their corporate leaders either. Sinclair Chief Executive Chris Ripley tried to reassure employees in an internal memo, writing that local journalists had borne the brunt of the "politically motivated" backlash.

By now, most consumers understand that data collection is a core part of advertising-based businesses such as Facebook, Google and Snapchat. The practice can often be a boon to consumers: The more people share with the companies, the better they are able to serve up ads, search results, product recommendations and music and movie suggestions tailored to an individual's liking. Yet many remain unaware of the type of data collected and what companies ultimately do with it. While the answers often lie in privacy policies and terms of service agreements, few take the time to look them over.

The Federal Trade Commission confirmed that it has an opened a "non-public" investigation into Facebook Inc.'s privacy practices. The social media giant's stock quickly dropped more than 5 percent. It's now down more than 20 percent from its Feb. 1 high.