For all the tech slowdown that forced Meta to lay off staff and vacate office space around the world, including in Dublin, from November 2022, there was one metric that kept growing last year at the tech group behind Facebook, Instagram and WhatsApp: the profit it books in Ireland. After the late 2020 decommissioning of its double Irish structure, which used to shift most of the profits from sales booked in Ireland to the Cayman Islands, Meta saw a massive jump in both the advertising revenue and profits located in Dublin. While Meta Platforms Ireland did not repeat the pandemic-fuelled…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .