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The Financial Conduct Authority (FCA) has urged Facebook to take action on scam investment adverts following a rise in fraud attacks on social media platforms. Nikhil Rathi, chief executive of the FCA, listed Facebook’s owner Meta and Twitter as companies that must accelerate their crackdown o

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Facebook has paid €100 million to the French tax office.  The payment includes a tax adjustment relating to Facebook's profits between 2009 and 2018, but also a €22m penalty for the social media giant's failure to settle sooner, according to French media reports.

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