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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
Photo: Reuters
Artificial intelligence

Meta-Manus probe shows risks to China’s AI boom

A review of Facebook owner Meta’s plan to buy AI agent Manus and a reported move to deter imports of Nvidia H200 chips show that China is moving to shore up both ends of its AI ecosystem amid US competition.

Artificial intelligence

China to probe Meta’s purchase of Manus over export controls, tech concerns

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Artificial intelligence

Beijing mulls intervention in Meta’s Manus deal amid AI ‘brain drain’ fears

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Malaysia

Malaysia moves to regulate WhatsApp, Facebook and others under online safety law

The decision to deem major platforms licensed regardless of application closes a regulatory gap, but questions remain over enforcement.

Young women using a smartphone in Kuala Lumpur, Malaysia. From January 1, major social media and messaging platforms with more than eight million users in Malaysia are treated as licensed under a new online safety regime. Photo: AP
TikTok

Poland urges Brussels probe TikTok over AI-generated ‘EU exit’ content

TikTok removes content as Warsaw suspects Russia is behind synthetic videos calling for Poland’s exit from the EU.

Social media

Opinion | West is getting on the same page as China for children’s social media use

Governments face the same problem: how to let young people grow up in a connected world, around products not designed with their well-being in mind.

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European Union

Explainer | Trump vs EU: the European laws curbing big tech and irking US

The US is challenging EU digital regulations, accusing them of censorship and targeting American tech firms.

The EU’s tough tech laws clash with Trump’s stance as fines reshape Big Tech’s future in Europe. Photo: AFP
Food and Drinks

Old-fashioned cookbooks remain popular, including with many professional chefs

Social media may be awash with recipes, but book fans cite their appreciation for high-quality narratives and photography in a tangible form.

Crime in Hong Kong

Hong Kong online investment scams surge 20% as losses hit HK$3.08 billion

80 per cent of all fraudulent messages disseminated through Meta-owned platforms including Facebook, WhatsApp and Instagram.

France

African teen who raised Macron’s ire with fake French coup video has no regrets

The Burkinabe teen said he had posted the fake video as a way to make money but despite millions of views, only earned US$8.

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French President Emmanuel Macron speaks at a press conference on Friday. Photo: AFP
Australia

Why Southeast Asia’s move to protect children online may fuel state surveillance

Measures to rein in tech companies risk opening the door to tighter state oversight of online platforms, analysts say.

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Australia banned social media for children under 16 earlier this month. Photo: dpa
Food and Drinks

Need restaurant staff? Shift Happens is here to help

Since the pandemic, restaurants have had trouble finding staff – Roucou Cheese Omakase & Bar is among those that turned to Shift Happens.

Scams and swindles

How the global grey market in SIM cards powers fraud and influence

How much does an army of bots cost? A new study reveals how likes and clout are bought.

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.

Examples of artificial intelligence-generated ads featuring fake medical experts. Photo: Handout
Australia

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

PM Albanese called the ban, which is being closely watched by other nations considering similar measures, ‘a proud day’ for families.

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A girl uses her phone as she walks with a group of children in Sydney on Monday. Photo: AP
Vietnam

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

Ho Chi Minh City’s police have found a way to wrap dry state messaging in viral humour, mirroring China’s digital playbook.

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.

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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.

A visitor tries a Meta Quest 3 virtual reality headset. Photo: AP
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.

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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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.

Bianca Navarro, 10, looks at a screenshot of herself using a Snapchat filter at her home in Sydney on October 30. Photo: AFP
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.

Yann LeCun has been a key part of Meta’s AI ambitions for more than a decade. Photo: AFP
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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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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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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Protesters burn tyres in Kathmandu earlier this year. Following the protests over social media bans and government corruption, Nepal lifted its restrictions. Photo: AFP
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.

Meta Platforms let go of around 600 employees from its legacy AI research unit. Photo: Shutterstock
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.

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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