Facebook Revenue

The US Internal Revenue Service (IRS) has sued Facebook alleging that the social networking giant undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.

Facebook sued for $9 billion in unpaid taxes by US IRS

Feb 20, 2020
by Indo Asian News Service

Facebook co-founder and chief Mark Zuckerberg on Thursday renewed his defense of the social network’s business, arguing that targeting ads based on interests was different from selling people’s data.

‘We don’t sell people’s data,’ says Facebook’s Zuckerberg

Jan 25, 2019
by Agence France-Presse