Facebook May Owe $5 Billion in Federal Taxes
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Snapchat's Threat to Facebook May Be Over-Hyped -- The Motley Fool
As far as potential "Facebook (NASDAQ:FB) killers" are concerned, at most, a handful of tech companies deserve mention in the discussion.Such is the benefit of acquiring a healthy chunk of your would-be competitors, as Facebook undeniably has in recent years.Though Alphabet, Amazon, and perhaps Verizon now also deserve a place in the discussion, vanishing video titan Snapchat's ascent represents the most insurgent threat again Facebook's social media empire.
Facebook May Owe Billions More in Taxes
Facebook Inc. said it could be on the hook for $3 billion to $5 billion in additional taxes as a result of an Internal Revenue Service investigation into how the social network transferred assets overseas.The company said in a quarterly filing Thursday that the IRS had issued a "statutory notice of deficiency" a day earlier saying Facebook owes more taxes for 2010.The July 27 notice came the same day that Facebook said...
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