20,000 IRS employees interested in deferred resignation offer as tax deadline looms

20,000 IRS employees interested in deferred resignation offer as tax deadline looms

A traffic light is red outside the U.S. Internal Revenue Service (IRS) building after it was reported the IRS will lay off about 6,700 employees, a restructuring that could strain the tax-collecting agency’s resources during the critical tax-filing season, in Washington, D.C., Feb. 20, 2025.  Kent Nishimura | Reuters Around 20,000 Internal Revenue Service employees…

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Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial

Meta CEO Mark Zuckerberg considered spinning off Instagram from Facebook in 2018: FTC trial

Thilina Kaluthotage | Nurphoto | Getty Images Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018 on concerns about the rising threat of antitrust litigation against Facebook, according to an email presented Tuesday in a Washington, D.C. courtroom. During Zuckerberg’s second day of testimony in Meta’s antitrust trial with the Federal Trade Commission, lawyers…

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Harvard University rejects Trump DEI demands, imperiling  billion in federal funding

Harvard University rejects Trump DEI demands, imperiling $9 billion in federal funding

A person runs past Dunster House at Harvard University on March 17, 2025 in Cambridge, Massachusetts.  Scott Eisen | Getty Images Harvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screening international students for ideological concerns, putting nearly $9 billion in federal funding for the university at risk….

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Meta resorted to ‘buy-or-bury scheme’ with Instagram and WhatsApp deals, former FTC Chair Lina Khan says

Meta resorted to ‘buy-or-bury scheme’ with Instagram and WhatsApp deals, former FTC Chair Lina Khan says

Former U.S. Federal Trade Commission Chair Lina Khan said Monday that Facebook “panicked” when making the acquisitions of Instagram and WhatsApp as smartphone use took off. “It saw companies like Instagram and WhatsApp experiencing astronomical growth, and that’s the point at which it resorted to this buy-or-bury scheme where, if it couldn’t outcompete a rival,…

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