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The U.S. IRS challenged the valuation Facebook used when it transferred IP from the U.S. to Facebook Ireland (now Meta Platforms Ireland) in 2010 (which Facebook Ireland then revalued higher before charging out), as it was building its double Irish tax structure. [183] [184] The case is ongoing and Meta faces a potential fine of $3–5bn. [185]
Meta Platforms stock surged 80% year-to-date. BofA Securities analyst Justin Post hailed Meta as an “AI Story” backed by Llama and Meta AI gaining traction. Post expects Meta’s Al-driven ad ...
LONDON (AP) — European Union privacy watchdogs hit Facebook owner Meta with fines totaling 251 million euros on Monday after an investigation into a 2018 data breach on the social media platform ...
The Milan prosecutor's office had been carrying out a criminal investigation into the two managers of the Irish-registered company Meta Platforms Ireland Ltd, a subsidiary of the U.S. group.
Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area .
3 January – There were 931 patients without beds in Irish hospitals as the trolley crisis reached a record high. [1]4 January – The Irish data privacy board fined Meta Platforms €390 million for violations of the General Data Protection Regulation on Facebook and Instagram.
Meta Platforms' (META) legal woes increase as Ireland's data regulators fine Instagram with euro 405 million for violating the European Union's (EU) General Data Protection Regulation (GDPR).
Metacapital Management v. Meta Platforms Inc. May 10, 2024, it was announced that Mata Capital Management and Meta Platforms had resolved the trademark issue and agreed to a settlement in principle. Metacapital Management has been using the name since 2001 and Meta Platforms was the new rebranded name from Facebook in 2021. [141]