Mark Estrada – The Internal Revenue Service (IRS) is deploying new valuation strategies to target Meta for profit shifting and underpayment of taxes. The IRS is seeking nearly sixteen billion dollars in tax deficiencies, all related to Facebook’s—now Meta’s—2010 use of an international tax framework called the double Irish—a now-abolished ownership arrangement that routed profits […]
Blaze Robin — Landmark civil litigation is unfolding in Los Angeles between plaintiff, K.G.M., and defendants, Meta and Google, signaling a doctrinal shift in how courts treat social media companies. K.G.M., a California woman, is alleging that Meta’s Instagram and Google’s YouTube harmed her mental health as a child due to the platforms’ addictive compositions. […]
Caroline Valencia – Amazon, Apple, Facebook, and Google – the big Four or Big Tech – have invested heavily to create the metaverse: a virtual reality world where users’ avatars can socialize, learn, and play in a 3-D space. In December, Meta – formerly known as Facebook – released Horizon Worlds in the United States […]
Jared Zim – The future of the internet lies between the integration of a virtual world and reality, what is known as the metaverse. The metaverse is a virtual world where people can socialize, work, and play. Facebook, for example, recently changed its name to Meta to refocus on the metaverse, going beyond today’s social […]
