Apple shares fall as the company could face investigation for violating consumer protection laws

  • Thread starter Thread starter Yoni Heisler
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Yoni Heisler

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  • Apple may face a multi-state investigation and potential lawsuit for deceptive business practices.
  • Details regarding Apple's supposed wrongdoing remain incredibly murky.
  • Apple stock dropped by nearly 20 points in trading earlier today.

It's been a rough day for Apple across the board. The drama kicked off this morning when Goldman Sachs issued an investor note arguing that Apple stock should be avoided as the company's share price is unsustainable. The note prompted a huge sell-off which saw Apple's share price drop by nearly 20 points.

Following that, word emerged via Axios that Apple could find itself the target of a multi-state probe for allegedly deceiving consumers. Details of the probe remain incredibly murky but early evidence suggests that litigation may be imminent.

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Apple shares fall as the company could face investigation for violating consumer protection laws originally appeared on BGR.com on Thu, 23 Jul 2020 at 17:54:53 EDT. Please see our terms for use of feeds.

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