Facebook ready to pay more taxes: Mark Zuckerberg
CEO of social media giant Facebook is ready to pay more taxes according to excerpts of his upcoming speech in Germany on Saturday. "I understand that there’s frustration about how tech companies are taxed in Europe, We also want tax reform and I’m glad the OECD is looking at this" Zuckerberg is expected to tell the Munich Security Conference.
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Zuckerberg says there's 'no end in sight' for Facebook employees working from home
Facebook CEO Mark Zuckerberg on Thursday said there is no timetable for when employees will return to the company's offices amid a continuing surge in Covid-19 cases in the U.S. Zuckerberg made his comments on a call with analysts about Facebook's second-quarter results, specifically criticizing the Trump Administration for its handling of the coronavirus.
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Cnbc
Garmin is slowly coming back online after a massive ransomware hack
Five days after a massive ransomware attack, some of Garmin's services are beginning to come back online. Sam Curry, chief security officer of cybersecurity company Cybereason, said the ransomware attack on Garmin was "crippling," and called it "the corporate equivalent of a heart attack." "The longer Garmin is offline, the cost of recovery increases and could cost tens of millions of dollars more," he said.
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Cnn
Facebook Earnings Report Rescheduled Due To Shift In Antitrust Hearing
Facebook has rescheduled its second-quarter earnings report due to a conflict related to an antitrust hearing. On Wednesday, the House Judiciary Antitrust Subcommittee will hold a hearing with the chief executives of Amazon (AMZN), Apple (AAPL), Facebook, and Google-owner-Alphabet (GOOGL). The Facebook earnings report comes after the market close. Amazon also reports second-quarter earnings after the close Wednesday.
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Investors
Zuckerberg, Pichai, Cook and Bezos' antitrust hearing officially postponed
Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai -- the CEOs of Facebook, Amazon, Apple and Google-owned Alphabet -- were scheduled to sit before the House Judiciary Subcommittee on Antitrust. Late on Thursday, a source familiar with the matter said the hearing was very likely to be delayed.
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Cnet