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Tech Hangover

Tech Hangover: The IRS is suing Facebook because they suck at paying taxes

One of us, one of us, one of us.

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Image: KnowTechie

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).

Facebook sued by the IRS for $9 billion in unpaid taxes 

facebook homepage

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

Visa Grants Coinbase Power To Issue Bitcoin Debit Cards

cryptocurrency bitcoin price fluctuations

Image: Unsplash

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

Microsoft’s Office app that replaces Word, Excel, and PowerPoint hits general availability

microsoft office 2019 features

Image: KnowTechie

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:


Notable Mentions

Opinion | Twitter Is Real Life 

How Saudi Arabia Infiltrated Twitter

Apple Wants to Stop Publication of ‘App Store Confidential’ Book Due to Inclusion of ‘Business Secrets’

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