Apple -4%, facing consumer protection probe - Axios
- Multiple states are investigating Apple (NASDAQ:AAPL) for deceiving customers, according to the Tech Transparency Project via Axios.
- A document obtained through a public records request says the Texas AG's Consumer Protection Division launched the investigation "for enforcement purposes."
- Key quote: "If violations are uncovered, CPD will initiate enforcement proceedings. Accordingly, the OAG anticipates litigation in this matter."
- It isn't clear what specific practices are targeted in the investigations.
- Apple is currently facing antitrust investigations from U.S. House lawmakers and the European Union.
- Apple shares are down 3.9% to $373.91.
- Earlier today, Goldman told investors to avoid Apple shares, noting a price tag of $299.