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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
We explain why tech billionaires enjoy rock star treatment in China, and why their warm reception in China is often stronger than in the US. Photo: SCMP composite/Shutterstock/Weibo
Trending in China

Why tech billionaires enjoy rock star treatment in China compared to the US

From personal foibles to that particular look or ability to charm, the business success of global moguls can rest on setting a narrative.

Singapore

Singapore jails, canes 6 Indonesians after illegal re-entry on sinking boat

US-China tech war

Editorial | Review of Meta-Manus deal a reminder of what’s at stake in US-China rivalry

Australia

Australian social media ban: Meta shuts 550,000 children’s accounts

Australia’s ban on social media usage for under 16s, a world’s first, came into effect on December 10.

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Logos of Instagram, Facebook, and WhatsApp apps are displayed on a smartphone in front of Meta’s logo. Photo: dpa
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

Probe comes amid concerns the US$2.5 billion acquisition could breach tech export controls and encourage more start-ups to relocate offshore.

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Artificial intelligence

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

The blockbuster Meta-Manus deal is cheering investors but worrying Beijing, where officials see a risky precedent for Chinese AI start-ups.

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Chinese authorities are considering whether to step in over Meta Platforms’ acquisition of Manus. Photo: Getty
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.

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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A message that reads “Let them be kids” is projected onto the Sydney Harbour Bridge to mark a law banning social media for users under 16 in Australia on December 10. Photo: Reuters
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.

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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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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.

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.

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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