Facebook to Receive $429 Million Dollar Refund

Posted By Urban News Hour | February 16, 2013

Facebook made about $1.1 billion dollars in profit last year in the United States, but paid no federal or state income tax for 2012. Yet, they’re expected to receive a refund of $429 million dollars thanks to a tax deduction for .

The social media company also revealed that its site was hacked in recent weeks. They say intruders breached the system but no sensitive user information was taken. A security expert with knowledge of the attack said it appears to have originated in China, but Facebook has not confirmed that information.

Source: foxnewsinsider.com



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