France resumes taxes on tech giants
France has resumed its previously halted taxes on the revenue of tech giants. The country had previously stopped this tax following a deal with the United States. It is a 3 percent tax.
The tax on tech giants was stopped after a deal with the United States. In the deal, the country promised that... Read more
Facebook closes Irish holding used to evade paying taxes
Facebook is closing several Irish holding companies it uses to evade paying taxes in the United States, the UK, and hundreds of other countries where it has a profitable presence. The company has a main Irish subsidiary that paid only about $101 million in taxes while showing profits of more than $... Read more
Facebook and Google agreed to cooperate in antitrust lawsuits
Google and Facebook have made agreements to help each other in the event of an antitrust lawsuit. The companies were aware that their practices in the online advertising market could trigger such a court case.
US attorneys accuse Google and Facebook of entering a partnership on online advertisin... Read more
Facebook criticizes Apple over data privacy changes in iOS 14
Facebook posted full-page ads in the Wall Street Journal, the New York Times, and Washington Post, blasting Apple for its upcoming iOS 14 operating system. The ads carried the headline, “We’re standing up to Apple for small businesses everywhere.”
The criticism is against Apple’s decisio... Read more
‘Google and Facebook struck an illegal advertising data deal’
The two biggest players in online advertisement, Google and Facebook, have been involved in a series of deals to consolidate their hold on the market illegally by sharing data. The allegation comes from Texas and nine other states, accusing Google and Facebook of giving each other perks to dominate... Read more
FTC wants to know how Facebook, Twitter, and TikTok use personal data
The Federal Trade Commission is looking for information from Twitter, Facebook, and other social media or video streaming companies about personal user data. The US agency announced on Monday that it sent out orders for information.
The orders requesting data were sent to Facebook, Twitter... Read more
Facebook is phasing out Workplace Essential
Facebook will sunset the free service and ask users to upgrade to a paid plan.
Facebook has announced that it plans to "retire" Workplace Essential, the free tier version of its Workplace Enterprise social network platform. The free version product will cease to be available from February 10, 20... Read more
Criteria to distinguish tech giants by EU leaked
The EU appears to have decided on the yardsticks by which it will distinguish tech giants who have to comply with stricter legislation. The yardsticks are based on the number of users and the areas in which companies operate.
With the criteria, the EU wants to distinguish large technology compan... Read more
Facebook might have to sell Instagram and WhatsApp
Several bodies of the US administration have started a lawsuit against Facebook. They feel that the company is thwarting competitors by simply buying them up when they grow too big.
The prosecutors consist of the Federal Trade Commission and 46 US states. They complain about the 'buy or bury' st... Read more
Facebook buys Kustomer to expand into customer service tools
Facebook made one of its most significant moves to provide a better service experience to the businesses run on its platform. The social media behemoth acquired Kustomer, a startup that was created to disrupt the customer services industry with innovations.
Most of the innovations use tactics li... Read more