The social media giant re-invested half of the profits distributed by its Dublin advertising business last year. Ireland itself is the main destination of this splurge on cloud infrastructure.
Earlier this week, The Currency reported that a German bank had appointed receivers over a Dublin property owned by Korean investors. Drawing on new analysis, we explain how the initial deal was structured and why it fell apart.
German lender Landesbank Hessen-Thüringen Girozentrale has installed Grant Thornton as receiver over the prime site in Dublin. It marks the first major commercial property receivership since the slowdown in the sector.
Following an EU court ruling, Meta has now agreed to change how it planned to comply with GDPR rules. The upshot is it may have to offer a paid, ad-free version of its products to European users served out of Dublin.
Former head of Meta Ireland Gareth Lambe has just joined the advisory board of alternative legal services provider Johnson Hana. He talks about AI in law firms, start-ups and the tech meltdown – and comeback.
When Facebook bought Instagram in 2012, it routed profits through an Irish company tax-resident in the Cayman Islands. It has settled part of the resulting dispute before the US Tax Court.
The EU’s data protection watchdog asserts control over Ireland and sends a stark warning to multinationals channelling user details overseas via Dublin, but the courts will have the final say.
The Data Protection Commission has recently handed down over €1bn in fines against Meta-owned companies for privacy breaches under GDPR. The latest against messaging service WhatsApp is a drop in the ocean by comparison at €5.5 million. Yet it too is now subject to legal challenge.
The tech giant, which recently announced it was laying off 13 per cent of its workforce, is leaving its Grand Canal Square offices in Dublin four years earlier than the lease's break date.
Meta, the parent company of Instagram, is appealing the biggest fine ever handed down by the Irish data regulator.
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