US IRS sues Facebook for $9 billion in unpaid taxes
The IRS lawsuit, filed in a San Francisco court, claimed that Facebook “undervalued the royalty amount between 2010 and 2016, which cut the company’s domestic tax bill as the royalties are ultimately reported as income”.
Kunal Bahl says change important for companies to stay relevant, cites Facebook’s example to emphasise on need for innovation
Snapdeal CEO ta...
Global IT companies told to assign value to brands
Industry trackers said currently there is no valuation mechanism for global technology com...
Unacademy raises a new round of funding led by Facebook, General Atlantic and Sequoia
"We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise education and become not just the largest educational organisation but the largest consumer Internet story out of India," Gaurav Munjal, Co-Founder and CEO, Unacademy, said.
Tech bodies to take Data Bill worries to house committee
Industry bodies that represent companies such as Infosys, TCS, Google, Facebook, Paytm and Amazon among others, want ‘clean’ bill so there is no need for another law when technology changes. The issues pertain to inclusion of non-personal data in the Bill and voluntary verification of users by social media companies, amid others.
Social media to join hands to fight fake news, hate speech
The proposed alliance — to be named the Information Trust Alliance (ITA) — will be a grouping of digital platforms and publishers, fact checkers, civil society and academia that will aim to control the spread of harmful content, including fake news and hate speech. So far, discussions have taken place among Facebook, Google, Twitter, Byte-Dance, ShareChat and YY Inc.
Coronavirus: Facebook cancels summit, IBM pulls out
According to a report in The San Francisco Chronicle, Facebook has cancelled the event scheduled from March 9-12 here. Over 5,000 participants were expected to attend the event. "Out of an abundance of caution, we cancelled our Global Marketing Summit due to evolving public health risks related to coronavirus," a spokesperson said.
Facebook's Zuckerberg wants 'new framework' for digital tax
Washington has slammed the move as discriminatory, but both sides agreed last month to pursue a global framework under the aegis of the Organisation for Economic Co-operation and Development (OECD), with Paris suspending its collection of the tax until December 2020.
Musk vs Gates: Microsoft boss pays Tesla a compliment; unimpressed Elon says he finds Bill 'underwhelming'
Musk is no stranger to tweeting dismissively about fellow billionaires.
Treat us like something between a telco and a newspaper, says Facebook's Zuckerberg
"Right now there are two frameworks that I think people have for existing industries - there's like newspapers and existing media, and then there's the telco-type model, which is 'the data just flows through you', but you're not going to hold a telco responsible if someone says something harmful on a phone line," Zuckerberg said at the Munich Security Conference in Germany.
Facebook to allow paid political messages that aren't ads
Facebook makes no money from such posts and does not consider them advertising. As a result, branded content isn't governed by Facebook's advertising policies, which require candidates and campaigns to verify their identity with a US ID or mailing address and disclose how much they spent running each ad.
Donald Trump: I'm 1st, Prime Minister Modi 2nd on Facebook
In a recent tweet a week ahead of his visit, Trump said: "Great honor, I think?A Mark Zuckerberg recently stated that "Donald J. Trump is Number 1 on Facebook. Number 2 is Prime Minister Modi of India.
All the ways stock bulls have gone off the rails, again
Traders blame tech cos, liquidity and ETFs for rally; But there are counterarguments, too.
Surge Founders participate in the latest edition of Facebook VC Brand Incubator
The VC Brand Incubator Initiative is part of Facebook’s vision to build a more conducive environment for SMB growth in the country.
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