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Facebook’s Business Risks Explored as Tax Trial Winds Down

May 13, 2022, 8:51 PM

Facebook’s tax trial continued Friday, with testimony heard from financial researchers diving into the methods of measuring the tech giant’s business risk and financial returns, in a tax dispute that could leave the company on the hook for $9 billion.

Friday’s proceedings heard testimony from Dr. Morten Sorensen, an associate professor at Dartmouth University’s Tuck School of Business, and Dr. Arthur Korteweg, a financial economist at the University of Southern California’s Marshall School of Business. The researchers are co-authors of a 2010 study establishing the beta, a number measurement of the level of financial risk and return for ...

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