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Launched in February 2004, Facebook is a social networking service founded by Mark Zuckerberg with his college roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Early investors included Microsoft and Hong Kong tycoon Li Ka- shing, through his namesake charitable foundation. In November 2021, Facebook Inc was renamed Meta Platforms Inc.
CFO / Finance Director
Mark Zuckerberg
Industry
Internet
Website
facebook.com
Headquarters address
Menlo Park, California, US
Stock Code
NASDAQ:FB
Year founded
2004
Examples of artificial intelligence-generated ads featuring fake medical experts. Photo: Handout
South Korea

South Korea mandates labels on AI-generated adverts to curb deepfakes

Platforms like YouTube and Facebook must ensure compliance with AI labels, or face punitive fines for non-compliance and label tampering.

Australia

‘#seeyouwhenim16’: Australia’s social media ban for children takes effect

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Vietnam

Asian Angle | Vietnam’s anti-drug police are speaking Gen Z, and it’s working

Obituaries

Frank Gehry, the most celebrated architect of his time, dies at 96

His masterpieces include the Guggenheim Museum in Bilbao, Spain, the Walt Disney Concert Hall in Los Angeles and Berlin’s DZ Bank Building.

Frank Gehry poses at the 2023 Los Angeles Philharmonic Gala in October 2023. Photo: AP
Meta Platforms

Meta plans budget cuts as high as 30% to its metaverse efforts

Mark Zuckerberg’s metaverse vision has not taken off despite his conviction that people will one day work and play in virtual worlds.

Australia

Fight’s over: YouTube becomes last major platform to accept Australia’s age rule

Despite agreeing to comply, YouTube maintains that it is still ‘fundamentally different’ from other social media services.

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Australia

Australia’s under-16 social media ban faces high court challenge

Critics say the world-first law, effective next month, infringes on political communication rights. Australia lacks an express free speech right.

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A 14-year-old boy browses social media on his phone. Starting December 10, Australia will mandate that social media platforms remove users under 16. Photo: AFP
Australia

Snapchat makes Australian teens verify age as social media ban looms

From December 10, social media platforms in Australia must remove users aged below 16 or face fines, in one of the strictest bans globally.

Artificial intelligence

AI pioneer Yann LeCun leaving Meta to launch start-up

LeCun joined the company in 2013 to create Facebook AI Research, the in-house lab that helped transform Meta into one of the AI leaders.

Indonesia

Isis-linked group used video games to radicalise Indonesian children: police

Over 110 children have been targeted by terrorist recruiters this year alone, a ‘massive’ spike from 17 between 2011 and 2017, police say.

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Members of a police bomb squad inspect the wreckage of a motorbike used to carry out a suicide attack in South Sulawesi, Indonesia, on March 29, 2021. Photo: AP
United States

Meta defeats US antitrust case over Instagram and WhatsApp acquisitions

The ruling gives Big Tech its first decisive win against the antitrust crackdown started in Trump’s first term.

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Meta’s corporate headquarters are seen in Menlo Park, California, in November 2022. Photo: TNS
Nepal

Asian Angle | Nepal found out what Thailand already knew: digital repression is risky

The tactics vary, from Myanmar’s internet blackouts to Indonesia’s subtler control, but the results are the same: resentment and resistance.

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Artificial intelligence

Meta Platforms’ AI lay-offs triggered by resource competition: ex-researcher

Tian Yuandong says internal conflicts emerged at Meta as LLM development became the industry-wide focus.

Hong Kong society

Opinion | Hong Kong needs to tackle its screen addiction problem

A survey on smartphone use underlines the need to protect children from the harmful effects of too much time spent on electronic devices.

Boys play games on their smartphones on a bus in Hong Kong. Photo: Jonathan Wong
Malaysia

Meta disagrees with Malaysia’s social media licensing framework, proposes talks

Malaysia says its licensing rules are aimed at curbing scams, online gambling and child pornography.

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Meta’s three social media platforms, Facebook, Instagram and WhatsApp, on a mobile phone. The firm has been criticised over content that is harmful to young people on its platforms. Photo: Shutterstock
Extreme weather

Fake AI videos clog social media as Hurricane Melissa bears down on Jamaica

Jamaica’s information minister urges people to ‘listen to the official channels’ as Category 5 storm approaches.

Hong Kong weather

Fact-Check | This video does not show Hongkonger knocked over during Super Typhoon Ragasa

Footage of a woman struggling in intense winds is falsely linked to the typhoon that hit Hong Kong this year.

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The Philippines

Filipino blogger arrested over ‘headshot’ threat to Marcos

Mike Romero, a supporter of ex-president Duterte, was arrested for inciting sedition for a Facebook post of President Marcos that said ‘headshot’.

The Philippines’ National Bureau of Investigation arrested a man in Pagadian City who reposted an online photo of President Ferdinand Marcos Jnr with the word “headshot”. Photo: Handout
Malaysia

Outcry in Malaysia over independent news outlet’s social media suspension

The move came hours after the news portal published a report on a network of suspicious social media accounts boosting the PM’s page.

Malaysia

Malaysia minister accused of victim-blaming after baby killed in crash

Transport Minister Anthony Loke suggested a child seat could have saved an infant killed at a toll plaza, sparking immediate public outrage.

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Hong Kong society

Hong Kong restaurant says sorry after video of diners sneaking food goes viral

Office of the Privacy Commissioner for Personal Data says it has received five complaints from public about leaked video.

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Footage shows the pair had tried to take home seafood, beef slices and instant noodles. Photo: Handout
Social media

Many of Instagram’s teen-safety tools ‘simply are not working’, study finds

Only eight of 47 features to prevent teens accessing harmful content and related to contact with strangers were fully effective, report says.

Young people use mobile phones on a train in Hong Kong. A recent report claims that many of Instagram’s features meant to stop young users from accessing harmful content can be easily circumvented. Photo: Jelly Tse
Indonesia

Asian Angle | TikTok Live blackout in Indonesia exposes fragility of digital freedoms

The suspension shows how global platforms are intertwined with state power and digital infrastructure can be disabled in a political crisis.

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Hong Kong

In the digital age, a single post can change a dog’s life

Who knew saving an abandoned pet could start with a double tap? Hong Kong adopters are proving the internet has heart.

Singapore

Singapore gives Meta deadline to fight scams as US$776,400 fine looms

The tech giant has until September 30 to implement steps, including facial recognition, to combat impersonation scams on the platform.

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According to Singapore’s home affairs ministry, Facebook is the “top platform used by scammers to commit impersonation scams”. Photo: dpa
Nepal

Nepal’s Gen Z revolt turns deadly as police fire on protesters, killing 19

The government’s lethal crackdown on young protesters has deepened a crisis sparked by a social media ban and long-standing corruption.

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Protesters clash with police in front of the parliament building in Kathmandu, Nepal, on Monday. Photo: EPA
Nepal

Police in Nepal open fire on pro-social media protest, killing 17

The Gen Z-led protest was held to condemn a government attempt to regulate social media that blocked Facebook, X and YouTube, among others.

United States

From bruises to misstatements, how should a president’s health be covered?

One expert said ‘evidence-based assessments’ of health are valid, especially amid concerns about Trump’s public absence and visible bruising.

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