Thread by @DrEricDing

📍REMINDER—Facebook concocted a scheme to “park profits” offshore in Ireland, where FB would “pay a tax rate near zero” using a Cayman Island subsidiary—together shifting at least $19 BILLION in profits offshore. All to save puppies—joking, all for profit. propublica.org/article/whos-a…

2) worse—globally, Amazon, Facebook and other tech giants paid almost $100B less in taxes than they claimed. Nonprofit report says six Big Tech companies exploited global rules to pay just 3.6% of revenues in income taxes. ➡️ all for puppies 🐶 again? No.
salon.com/2021/06/01/ama…

3) “Facebook, over and over again, has shown it chooses profit over safety”said Facebook whistleblower #FrancesHaugen. “How many more years of Zuckerberg’s ‘apologies’ can our democracy endure before action is taken?” asks @FBoversight

4) “Facebook has realized that if they change the algorithm to be safer, people will spend less time on the site, they'll click on less ads, they'll make less money,” says Facebook whistleblower Frances Haugen.

5) reminder that FB also muzzled its own transparency report for Q1 (when lots of Jan 6th election misinfo was more pervasive) because GB looked really bad, reports NYT.

https://twitter.com/donie/status/1445470202859118596

6) not all heroes wear capes. #FrancesHaugen @FrancesHaugen