back to article Facebook Australia's 'small company' status makes it a small target

There's an old joke about failed CEOs, which runs “how do you create a small company? Give a big one to CEO X”. Facebook has found a new wrinkle: you build a small company merely by getting regulators to agree that it's a small company. Apparently in order to manage its corporate reporting requirements in Australia, that's …

  1. Charles Manning

    With any luck...

    FB will soon really become a small company. Very, very small...

  2. Gray Ham Bronze badge
    Unhappy

    Or maybe ...

    Just possibly, this has more to do with avoiding Australian taxes. The privacy thing is just an added bonus.

  3. Henry Wertz 1 Gold badge

    What's the basis?

    Is this based on number of employees hired? Is it possible FB has a nice big data center (and the juicy revenue they pull in from it) but very few actual employees? Honestly, either way, this is more a sign the "small business" criteria in AU should be changed than anything.

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