Tech Hangover: The IRS is suing Facebook because they suck at paying taxes
One of us, one of us, one of us.
We get it, you have a life. There’s no way you can read all of the day’s news in one single shot, let alone visit every web page, which is why we’re here to help. Well, sort of.
There’s a ton of tech news we weren’t able to cover throughout the day (hey, give us a break, we’re a small independent outfit), so to help you stay up to speed with everything we didn’t get to, we rounded up some of the biggest stories, which should help you keep up to date. Hence the tech hangover.
Here’s some tech news you probably missed out on today (and when we say you, we mean us, but also…you).
I thought I was bad at paying the taxman, but apparently Facebook brings it to a whole different level. Truly, one of us.
Facebook is facing a lawsuit from the US Internal Revenue Service, which claims the social network owes $9 billion in unpaid taxes, according to Reuters.That lawsuit went to trial in a San Francisco court on Tuesday, and the crux of the case is a 2010 deal between Facebook and an Irish subsidiary it uses to shuffle money around internationally. The IRS alleges Facebook undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes. – The Verge via Reuters
This is a big deal for crypto fans. Instead of using real money, you can now pay for goods using Bitcoin any other cryptocurrencies anywhere Visa is accepted.
Credit card giant Visa has granted its principal membership to a cryptocurrency company for the first time. Officially awarded to cryptocurrency exchange Coinbase in December, but not revealed to the public until today, the membership cuts out a crucial, and expensive middleman from the process of issuing a debit card that lets users spend their own bitcoin, ether and XRP anywhere Visa is accepted. – Forbes
By the way, it’s the year 2020. Kind of late to the party, no Microsoft?
Microsoft today launched Office for Android and iOS in general availability. The unified app means you no longer need to download, install, and switch between the individual Word, Excel, and PowerPoint apps. – VentureBeat
And in just case you missed some of our stuff earlier, here’s what you may have missed:
- Forget folding phones, bring back the Sidekick
- Anker has a bunch of charging gear up for grabs in a big one-day sale
- Mozilla is releasing a $5 VPN app for Android – Here’s how to try it
- Facebook is testing some new features on the app to make your News Feed suck less
- SpaceX wants to launch four paying tourists into “super high orbit” by the end of 2021
- These insanely popular waterproof sports earbuds are down to just $40 right now
- Quick, Amazon is blowing out these YI security cams at just $18 a pop
- How to stop your Ring device from sharing data with third-party companies
- Pointless Review: 2-port HDMI KVM switch
- Tech Hangover: Kickstarter has successfully unionized