Facebook to pay $5 billion over the company’s privacy policies

The Federal Trade Commission approved a record $5 billion settlement Wednesday with Facebook over the company’s privacy policies. Shares of Facebook were down slightly following the announcement, but turned ... Read More
data protection

Wrong handling of user data may cost up to $5B for Facebook

Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially ... Read More
Facebook CEO Mark Zuckerberg

Facebook gives lawmakers 450 pages of answers from April hearings

Facebook Inc. turned in more than 450 pages of homework to U.S. lawmakers, defending itself against claims that it is a monopoly and sidestepping questions about the effectiveness of ... Read More
Tax photo

EU tax moves positive step to more just world

As the recent scandal over Facebook and the company Cambridge Analytica has shown, many companies operating in the new “digital economy” are, essentially, extractive industries. They mine and sell ... Read More

Facebook accused of fake audience numbers

Social-media company tells advertisers it can reach more than 100 million U.S. adults younger than 35, but census only counts 76 million Facebook Inc. claims its ads have the ... Read More

Facebook face EU regulators fines; why?

Facebook suffered a setback on Tuesday over how it uses the reams of information it collects about users worldwide, after two European privacy watchdogs said that the social network’s ... Read More

Aussie legaltech firm launches in UK

Legaltech firm LawAdvisor is expanding into the UK and has announced it has secured new funding, and is launching a new service. The Melbourne-headquartered firm’s inaugural UK office will ... Read More
A billboard displays the logo of Snapchat above Times Square in New York

Snapchat co-founders just lost Over $1 Billion each

Snap Inc. co-founders Evan Spiegel and Bobby Murphy lost more than $1 billion each after the company reported earnings for the first time Wednesday afternoon. Shares fell 25 percent ... Read More

Facebook will start paying 18 percent VAT in Russia

Social media giant Facebook has joined the list of IT firms registered with Russia’s Federal Tax Service as a foreign company selling electronic content in Russia. Beginning April 25, ... Read More
A billboard displays the logo of Snapchat above Times Square in New York

Snap has officially made public its filings for an IPO

Snap, owner of messaging platform Snapchat, has finally made public its filing for an initial public offering (IPO). The company made many of its financial details public for the ... Read More
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