Facebook said on Wednesday that new data privacy rules and forthcoming privacy-focused product changes would slow its revenue growth and significantly raise expenses, driving down its shares in after-hours trade even as quarterly revenue topped estimates. Reuters reports: The outlook came soon after the company agreed to pay $5 billion to settle a data privacy probe and disclosed that it faces…
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TurboTax Started Charging the Disabled, Unemployed and Students To Make Up For Trump Tax Law
The 2017 tax overhaul directly threatened the lucrative business of Intuit, the maker of TurboTax, so it pushed students, the disabled, and unemployed to a paid tier to make up for the lost profits. ProPublica reports: Although the company draws in customers with the promise of a “free” product, its fortunes depend on getting as many customers as possible to pay….