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Facebook to shut down three apps

Facebook Inc. FB, +1.56% mentioned overdue Monday that it's shutting down 3 apps on account of low utilization. Facebook inventory is down greater than 1% in the extended session after a report emerged that a number of federal agencies had widened the probe into the improperly treated knowledge surrounding the Cambridge Analytica scandal. The 3 apps are: Hello, Moves and TBH. Hello is an address ebook app, and Moves is a health tracker. Facebook purchased TBH in 2017, and it's an anonymous polling app focused at highschool scholars in the U.S. The corporate mentioned it would delete user knowledge from all 3 apps inside 90 days. Facebook inventory is up 12% this 12 months, because the S&P 500 index SPX, +0.31% has won 2%.