Social media news aggregation and analysis platform NewsWhip relaunched its website to bring users the most shared stories via Facebook and Twitter from countries including the U.S., U.K., Ireland, Australia, Germany, France, and Spain.
Facebook Co-Founder and CEO Mark Zuckerberg dined with about 20 executives from wireless carriers Monday night in Barcelona, Spain, site of the 2014 GSMA Mobile World Congress, Bloomberg reported, and the conversation at the private dinner may have been guarded, given the wireless industry’s concerns over the threat that the social network’s most recent acquisition, cross-platform mobile messaging company WhatsApp, presents to their text-messaging services.
Facebook is caught in the middle of conflicting rulings by courts in Germany, as a decision by the Higher Court of Berlin that the social network’s friend finder violates the country’s law clashes with an April 2013 ruling by the Administrative Court of Appeals of the State of Schleswig-Holstein, which stated that Germany’s data-protection laws should not apply to Facebook, as its European headquarters are in Ireland.
Facebook Ireland turned a gross profit of €1.79 billion ($2.45 billion) in 2012, but it reported a pre-tax loss of €626,000 ($857,243). This may sound sketchy, but the company was fully compliant with the law. Financial Times explained how this happened.
Steve Hatch, CEO of WPP Group-owned media agency MEC, joined Facebook as regional director for the U.K. and Ireland, filling a post that had been vacant for more than one year, MarketingWeek reported.
Everyone’s favorite “Facebook co-owner” is back in the news, as Paul Ceglia was indicted on wire fraud and mail fraud charges Monday by a federal grand jury in New York, The Steuben Courier Advocate reported, and he faces up to 20 years in prison.
The no-win situation that Facebook often finds itself in when it comes to censorship of content on the social network reared its ugly head again this week with the controversy over whether videos depicting beheading should be allowed or deleted.
The tax man cometh and, in the case of Facebook in the U.K., he leaveth empty-handed, as The Guardian reported that the social network paid no taxes in the U.K. in 2012, despite seeing its income there rise by 70 percent, and despite accounting for nearly one-half of the £6 billion ($9.66 billion) that eMarketer projects for 2013 digital ad spending in the U.K.