Internet giant Google is appealing against a record 2.4 billion euro fine the European Commission handed down in June, 2017. The world's most popular Internet search engine, a unit of the U.S. firm Alphabet, launched its appeal two months after it was fined by the European Commission for abusing its dominance in Europe by giving prominent placement in searches to its comparison shopping service and demoting rival offerings.
The finance ministers of France, Germany, Italy and Spain have written a joint letter to the European Union's presidency and Commission calling for taxes on tech giants' revenues, not just their profits. The four nations want the Commission to produce an "equalization tax" that would make companies pay the equivalent of the corporate tax in the countries where they earn revenue. France is leading a push to clamp down on the taxation of such companies, but has found support from other countries also frustrated at the low tax they receive under current international rules.
Facebook announced “Watch,” the long-awaited update to its video section where people can go watch short, episodic video shows. You’ll also be able to watch some live video here, including live sports that the social network has the rights to stream, like Major League Baseball games. Facebook already had a video tab. But now that tab has been redesigned, and will include short episodic “shows” that Facebook didn’t have before. Facebook is paying publishers like BuzzFeed, ATTN and Group Nine Media to make these shows, and will retain the rights to some of them. The majority of the shows, though, will be posted on Facebook free of charge. Some publishers plan to run mid-roll video ads, à la commercials, during the shows to make money.
France is Airbnb's second largest market and yet in 2016, the internet giant paid the country just €92,944 in taxes – equivalent to the amount paid by small and medium-sized enterprises (SMEs). With 350,000 listings, France is Airbnb's second-largest market after the United States, and Paris, the most visited city in the world, is its biggest single market, with 65,000 homes.
Facebook reported its second quarter earnings on Wednesday, and the results were predictably positive. The social network passed 2 billion monthly users earlier this summer, with over 1.3 billion using its software every day. The company parlayed that audience into $9.3 billion in revenue and $3.89 billion in net income. That’s a 71 percent higher profit than it reported for this same period last year. "I want to see us move a little faster here but I'm confident that we're going to get this right over the long term," Zuckerberg said in a conference call with analysts.
Facebook is in talks with Hollywood studios about producing scripted, TV-quality shows, with the aim of launching original programming by late summer, according to Wall Street Journal report. Facebook has indicated that it was willing to commit to production budgets of as much as, even $3 million for each episode, in meetings with Hollywood talent agencies, the Journal reported, citing sources familiar with the matter.
A district court in northern Switzerland's Zurich on Monday gave a Swiss man a suspended sentence and a 4,000 CHF (4,000 U.S. dollars) fine in a defamation case which involved him "liking" on Facebook posts, local media reported on Tuesday. The 45-year-old defendant was found guilty of defamation for his liking posted on Facebook that accused an animal rights activist of racism and anti-Semitism, the Swissinfo reported.
Facebook is allowing users to share death threats, videos of self-harm and pictures of animal torture, it emerged yesterday. The english newspaper Guardian has obtained leaked copies of over 100 internal documents outlining Facebook's rules for handling sensitive content that reveal staff moderating the social media website are told not to delete such content. The images may be removed from the site "once there's no longer an opportunity to help the person," unless the incident has news value, according to the documents. Facebook is said to have an extensive list of secret rules and guidelines for deciding what its 2 billion users can and cannot post.
Google has launched a new feature on Search and News which shows a "Fact Check" label for certain links, indicating whether a third-party fact-checking organization has found the story factual or not. In October, the search giant introduced the fact check label for Google News in a few countries. But now the company is expanding use of the tag to search, as well as Google News in every other country where it's available.
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