Profile
Facebook is a social media company that was founded in 2003 by Mark Zuckerberg. It trades in the data of over two billion users and their daily activity which has allowed Facebook to become an advertising behemoth. As one of the largest distributors of information globally, it has been accused of distributing fake news and aiding violence in India, the Philippines, Sri Lanka, Myanmar (Burma) and the United States, where fundamentalists have weaponized its ability to fan hatred and riots. Facebook has also been accused of censorship of gay and lesbian contents as well as activism in places like Kashmir, Kurdistan, Pakistan and Palestine.
Social Media Platform
Violations
Top 5 Offense Groups (Groups Defined) | Penalty Total | Number of Records |
---|---|---|
consumer-protection-related offenses | $5,672,450,000 | 4 |
financial offenses | $100,000,000 | 1 |
employment-related offenses | $1,650,000 | 1 |
miscellaneous offenses | $238,000 | 1 |
safety-related offenses | $5,600 | 1 |
(May 9, 2021)
Stories
Activism
Over 400 Advertisers Hit Pause On Facebook
Shannon Bond | NPR | July 1, 2020
When the Stop Hate for Profit campaign launched just two weeks ago, its organizers had not yet persuaded a single advertiser to boycott Facebook in July.
Facebook employees walk out in protest of Donald Trump’s posts
Makena Kelly | The Verge | June 1, 2020
Dozens of Facebook employees staged a virtual walkout on Monday in protest of the company’s decision not to take action against incendiary posts by President Donald Trump last week, according to The New York Times.
& Lawsuits
FTC Sues Facebook for Illegal Monopolization
United States Federal Trade Commission | December 9, 2020
The Federal Trade Commission today sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct.
Facebook antitrust investigation
Salvador Rodriguez | CNBC | November 9, 2019
After a three-year string of scandals, Facebook finds itself staring down four separate antitrust investigations, a former co-founder who wants the company split apart and a front-runner presidential candidate who has made the breakup of the company a key part of her campaign.
Facebook Worker Claims Racial Discrimination
Shannon Bond | NPR | July 2, 2020
In a complaint filed Thursday with the Equal Employment Opportunity Commission, Oscar Veneszee Jr. said the social network does not give Black workers equal opportunities in their careers.
Bodies In Seats
Casey Newton | The Verge | June 19, 2019
The stress of the job weighed on Utley, according to his former co-workers, who, like all Facebook contractors at the Tampa site, must sign a 14-page nondisclosure agreement.
Former Facebook employees liken company to a cult
Salvador Rodriguez | CNBC | January 9, 2019
More than a dozen former Facebook employees detailed how the company’s leadership and its performance review system has created a culture where any dissent is discouraged.
Financials
Note: Most recent list is not always the most complete list.
- Facebook Inc Subsidiaries (via U.S. SEC 2020)
- Facebook Inc Subsidiaries (via U.S. SEC 2016)
- Facebook Inc Subsidiaries (via U.S. SEC 2014)
Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.
Click here for the latest list.
Political Influence
OpenSecrets.org Profile of Facebook Inc
& Evasion
Amazon, Facebook and other tech giants paid almost $100B less in taxes than they claimed: analysis
Kenny Stancil | Salon | June 1, 2021
Bolstering demands for a global minimum tax to rein in corporations' evasive tactics, a new analysis released Monday showed that a half dozen Big Tech companies based in the United States paid almost $100 billion less in taxes over the past decade than stated in their annual reports.
Facebook, Google and Microsoft 'avoiding $3bn in tax in poorer nations'
The BBC | October 26, 2020
Google, Facebook and Microsoft should be paying more corporation tax in developing nations, says ActionAid.
Who’s Afraid of the IRS? Not Facebook.
Paul Kiel | ProPublica | January 23, 2020
In March 2008, as Facebook was speeding toward 100 million users and emerging as the next big tech company, it announced an important hire.
Facebook paid just £28m tax after record £1.6bn revenues in UK
Mark Sweney | The Guardian | October 11, 2019
Facebook’s UK operations paid £28m in corporation tax last year despite achieving a record £1.6bn in British sales.
Procurement
Facebook contracts with the U.S. Federal Government (via USA SPENDING).