Facebook, Warby Parker, Merck: Stocks That Defined the Week – WSJ

Here are seven major companies whose stocks moved on the week’s news Facebook, under scrutiny from lawmakers, said it would suspend its plans for Instagram Kids. Photo: Nina Riggio/Bloomberg News Facebook Inc. A version of Instagram designed for children isn’t getting a lot of likes in Washington, D.C. The social media giant said Monday it would suspend its plans for Instagram Kids after lawmakers voiced concerns about the platform’s effects on the mental health of young people. During a Thursday hearing, Senate members then accused the company of disregarding internal research showing that Instagram is harmful for significant numbers of teen girls. Facebook shares fell 3.7% Tuesday. Resume Subscription We are delighted that you’d like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service. Please click confirm to resume now.
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