Following the first report about the Trump Administration's looming war with Silicon Valley - a late Friday report from WSJ about the DoJ opening an anti-trust probe into Google - WSJ's latest follow up on Monday is a report that the FTC is preparing to open a similar investigation into Facebook.
The news sent Facebook shares down more than 7% in midday trade, wiping $5 billion off CEO Mark Zuckerberg's net worth in minutes.
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It's the biggest drop in FB shares since December.
Earlier, the Washington Post published more details about the incipient anti-trust push when it revealed that the FTC would lead an anti-trust probe into Amazon, as the FTC and DoJ divide up the anti-trust push on a company-by-company basis.
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