Facebook could owe $5 billion in taxes

Facebook (FBTech30) disclosed on Thursday that it could owe billions due to an IRS investigation into the way it moved assets to an Irish subsidiary to avoid higher taxes.

The IRS tax penalty could total $3 billion to $5 billion, plus interest, according to a Facebook filing with the Securities and Exchange Commission. If so, Facebook says the penalty could have a "material adverse impact" on its financial position.

Brazil freezes $11.7 Million of Facebook Funds for not complying with Court Orders

Facebook-owned cross-platform messaging service WhatsApp has already been blocked a total of three times in Brazil since December for failing to comply with a court order asking the company to access WhatsApp data under criminal investigation.

But, now the Brazilian government has taken an even tougher step.

Facebook is unstoppable

The social network shattered Wall Street's lofty estimates for sales, profits, user growth and pretty much everything else you can think of with its second quarter earnings report on Wednesday.

The company now has 1.71 billion monthly active users, adding 60 million users from the previous quarter and growing its user base by 15% from the same quarter a year earlier.


Facebook 'anti-spam systems' blocked Democrat emails dump

"Anti-spam systems briefly flagged links to these documents as unsafe," Facebook told BBC News.

Earlier, Facebook's chief security officer confirmed the dump of emails had been inaccessible from its website.

Over the weekend, Wikileaks accused Facebook of "censoring" the emails.

Although they had remained accessible from Facebook via a shortened online link.

Wikileaks says 19,000 emails were leaked from the accounts of seven Democratic Party officials.


Facebook’s new Open Source Project helps you create Apps easily with React.js

This open source tool helps one avoid the tussle of configuring the JavaScript environment and eliminates dependencies. So, if you are into writing JavaScript-based apps, this tool could be of great use to you.

Within a short period of time, Facebook’s React.js library has become a popular way to code native applications for multiple platforms including Windows 10, Android, and iOS. But, this JavaScript framework also involves a good deal of complexities.

5 ways to lock down your Facebook account for maximum security

In there, you’ll find five very important settings that give you extra layers of security.

1. Use Login Alerts

If someone uses your Facebook ID and password to log in to your account without your permission, wouldn't you like to know? When Login Alerts is turned on, you will be immediately notified if someone tries to log in to your account from a new place.

To turn on these alerts, log in to Facebook and open your Settings menu. Click on Security, Login Alerts, and Edit. Select Get notifications and Email login alerts, then save your changes.

Munich attack: Gunman may have used Facebook to lure victims to location of shooting, police say5

Key points

  • Seven of the nine victims were teenagers, though unclear if youth were targeted
  • Police find book on school shootings in gunman's home
  • Questions over how shooter obtained gun given strict German laws

"[He] said he would treat them to what they wanted as long as it wasn't too expensive — that was the invitation," Robert Heimberger, president of the Bavarian state criminal agency, told a news conference.

South Sudan: Did clashes start over Facebook post?

South Sudan President Salva Kiir and Vice President Riek Machar appealed for calm after days of heavy fightingbetween their soldiers.

Kiir and Machar have separate forces loyal to each side, but more on that later. The two rivals have been embroiled in a power struggle for years, with forces loyal to both engaging in battles and civilians trapped in the crossfires.

Facebook sued by Israeli group over Palestinian attacks

The Shurat Hadin group says Facebook violates the US Anti-Terrorism Act by allowing militant groups such as Hamas a platform for spreading violence.

Hamas called the lawsuit an Israeli attempt to blackmail Facebook.

The victims cited in the case are all American, including Taylor Force, 28, who was stabbed to death while visiting Israel in March.

The others are dual Israeli-US nationals who died in attacks in Tel Aviv, Jerusalem and the occupied West Bank between 2014 and 2016.

Facebook moves Its 13,000 employees to Microsoft Office

This deal will allow Facebook’s all 13,000 employees to access Redmond’s web-based calendar and email services. Before this deal, Facebook employees used the on-premises services for collaborating.

However, the users will be restricted to use the services like Skype and Yammer as they directly compete with Facebook’s offerings like Facebook Messenger and Facebook at Work.

Facebook internally uses Facebook at Work for communication. However, Tim Campos, Facebook’s chief information officer, says that email has its place and Facebook at Work isn’t a replacement of the same.