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The holiday season is the lifeblood of the tech industry. About 70% of U.S. consumers will buy tech stuff as gifts this holiday season, spending an average of $478 each, according to the Consumer Tech Association. Most of that stuff is predictable: laptops, tablets, phones, Amazon (AMZN) Echos.
Facebook today said it is shifting to a "local selling structure" in countries outside the U.S., in which its advertising revenue in that country will be recorded by their local company in the country. The change comes amid a period where there is increasing scrutiny over companies that have held offshore revenue, especially in Ireland, where the European Commission in October slammed Dublin for failing to collect unpaid taxes from Apple. "We believe that moving to a local selling structure will provide more transparency to governments and policy-makers around the world who have called for greater visibility over the revenue associated with locally supported sales in their countries," Facebook CFO Dave Wehner said in a blog post today.
Force-redirect ads are not just annoying, but can be dangerous.
For the last few years, Royal Caribbean (RCL) has been on an almost maniacal push to turn its cruise ships into technology showpieces. Most of the developments are one-off technologies, massively expensive and time-consuming to develop and debug: robot bartenders, battery-powered bumper cars, a dedicated satellite for providing internet service, and so on. One, of course, is to differentiate this cruise line from it rivals.
Yahoo Finance's Alexis Christoforous and Jared Blikre discuss the current market action.
Nokia, Apple, Ford and eBay are among the companies to watch.
David Marcus, head of Facebook's Messenger service, will join the venue's board of directors, Coinbase CEO Brian Armstrong said in a blog post Tuesday.
The U.S. Department of Justice (DOJ) filed a lawsuit against AT&T Inc. (T) for its proposed $85.4 billion takeover of media giant Time Warner Inc. (TWX).
Facebook plans to book more revenue in the countries where it sells ads, becoming the latest tech company to bow to pressure from nations to simplify its tax structure and potentially pay more income tax ...