Facebook to shut down sponsored stories ad product

Facebook announced it will end its Sponsored Stories advertising product on April 9. This marks the end to the controversial product, which shared users' "Like" data without the ability to opt out.

Read the entire story here, at Re/code.

By Mike Isaac, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.