Climate groups and opposition politicians have called for transparency over the energy and water demands of the growing industry. This is about to happen, with the Government set to transpose new EU rules by May.
Meta has been unequivocal that the DPC's landmark €1.2bn fine for privacy breaches represents an existential threat to Facebook's future in Europe. The Currency looks at some of the flints on the social media giant's bow.
In compliance with the 2020 deadline to end the double Irish scheme, the social media giant’s Dublin office placed its Cayman-resident companies in liquidation. They have now disappeared – except one.
It built a reputation as the cheapest, most effective space on the internet to place ads but Facebook has lost its ability to target users with ninja precision. Now, Irish businesses are turning their backs on the social media behemoth.
The group now known as Meta is famous in Dublin for the gleaming Grand Canal Dock offices churning €40bn worth of targeted advertising. The 15 companies housed there reveal more about the social media giant’s operations in Ireland.
Twitter is the latest multinational to reveal a multi-billion intellectual property onshoring in Ireland, suppressing its tax liability here in the process. The company and its rival Facebook are also bracing for the first significant data protection fines under GDPR.
In yet another case taken against social media giants, former Fianna Fáil TD Frank O'Rourke has started legal actions against Twitter and Facebook
The social media giant is shutting down its Cayman-resident, Irish-registered holding structure after routing over $40 billion through the low-tax scheme over the past decade. It is not yet clear what role Ireland will play in the group's new corporate arrangements.
Cartier, one of the world’s top luxury brands, is tackling Facebook in Ireland over what it alleges are counterfeit posts. It is the latest in a string of actions, but arguably the most significant, taken against the US social media giant here.
Mapping Multinationals series: A US Tax Court has turned the spotlight on the Irish corporate structure developed by Facebook over the past decade. We reveal how the multinational and its competitor Twitter have been re-assessing how to channel profits and intellectual property through Ireland.
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