Facebook, House of Fraser, Twitter: Everything that matters this morning

Facebook faces US Federal investigation
Facebook is facing an investigation by the US Federal Trade Commission (FTC) into how private data from 50 million of its users ended up in the hands of political consulting firm Cambridge Analytica.
The probe will determine whether Facebook “failed” to protect users’ privacy, particularly in relation to campaigning around Donald Trump’s successful 2016 Presidential campaign.
The data was harvested via an app that let people take a