Morning Beat: Facebook Inc (FB), McDonald’s Corporation (MCD), and Alphabet Inc (GOOGL)
Facebook Inc (NASDAQ:FB) users could soon be able to make money out of their posts should the company implement the findings of a new survey. According to The Verge, the tech giant could allow users to accept donations for their posts especially those geared towards a charitable course.
Users could also be able to generate money from using branded content or sharing ads earnings on posts. Adding a tip jar to posts seems like another option that Facebook Inc (NASDAQ:FB) could launch to help people generate some money.
It could be a compelling proposition for publishers who would be encouraged to post articles on the network.
McDonald’s Corporation (NYSE:MCD) has been hit with a $341 million bill in France. The amount will cater for unpaid taxes on profits funneled to low taxes jurisdictions. French tax officials say the US fast food joint used a Luxembourg-based entity to shift profits that would have incurred taxes in the country.
In 2014, tax officials searched McDonald’s Corporation (NYSE:MCD)’s offices in French over claims the company transferred €2.2 billion out of the country to avoid paying taxes. The company has always refuted the allegations.
Since 2009, the US burger chain has paid €1.2 billion euros in taxes having also invested €1 billion that have gone to create 10,000 jobs.
European antitrust officials are once again at loggerheads with Alphabet Inc (NASDAQ:GOOGL) over claims it is using its Android operating system to rig global market share on mobile apps. The allegations stem from the fact that the tech giant requires handset makers using Android to load its apps into their devices.
Antitrust Commissioner, Margrethe Vestager, has already taken a swipe at the practice saying it denies users a wider choice of mobile apps and services. There are already claims the commission is planning for a legal battle that seeks to compel Alphabet Inc (NASDAQ:GOOGL) to stop forcing its apps on Android-powered devices.
Apple Inc. (NASDAQ:AAPL), Alphabet Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN) have joined hands to air their resentment on a new controversial encryption bill. Sponsored by Senators Richard Burr (R-NC) and Dianne Feinstein (D-CA the bill if approved will make it mandatory for tech companies to decrypt any data upon receiving a request from authorities.
In an open letter, the coalition states that any mandatory decryption requirement will lead to unintended consequences. One of the major concerns is that the bill would make most of the products and services offered by tech companies vulnerable to exploitation.
Backers of the bill have already downplayed privacy and security concerns raised by the group reiterating the bill is critical to law enforcement.
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