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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
China has introduced a voluntary industry code of conduct for AI smart glasses following growing privacy concerns over covert recording. Photo: Xinhua
Artificial intelligence

China keeps an eye on AI smart glasses as privacy concerns come into focus

Voluntary code aims to address privacy fears surrounding AI smart glasses as shipments surge and hidden recordings spark public outrage.

The Future of Marketing in Asia

China’s digital platforms redefine global marketing strategies

The Future of Marketing in Asia

The art of persuasion enters the AI era

Donald Trump

Trump threatens 100% tariff on French wines over digital tax

The US is the biggest importing country for French wines and spirits, accounting for 21 per cent of the overall export market last year.

Bottles of French wine are displayed for sale in a liquor store in 2019 in Arlington, Virginia. Photo: AFP
Britain

UK bans under 16s from social media apps including TikTok, YouTube

The move makes the UK part of a growing global movement to tighten online safety for children.

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Singapore

Singapore’s ban on anti-Indian posts exposes threat of race ‘weaponisation’

The posts from a China-based platform have sought to tap into unease on unemployment and ‘play on existing prejudices’, an analyst says.

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Singapore

Singapore orders social media platforms to block anti-Indian posts

Investigations reveal that the divisive posts likely originated from a China-based platform, minister says.

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A woman inspects a vegetable stall in the Little India district of Singapore in July 2020. Photo: EPA-EFE
Vietnam

Vietnam detains Australian man who trashed Da Nang cafe

He destroyed bar equipment and furniture, and customers’ belongings, including laptops and mobile phones.

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Malaysia

Malaysia bars under-16s from social media as new rules come into force

Malaysia’s roll-out of strict age-gating rules follows on the heels of Australia and Indonesia in the push to protect children online.

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China’s Communist Party

Actress Lin Chi-ling quits Taiwan culture board amid backlash

Lin withdrew from the board of the Taiwan Creative Content Agency after backlash from the island’s arts community and Beijing.

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Actress and model Lin Chi-ling at a jewellery promotion event in 2023 in Taipei. Photo: VCG via Getty Images
Indonesia

Fake news campaigns in Indonesia linked to military, Prabowo’s party: Amnesty

Amnesty’s findings reflect growing concerns that Indonesia is backsliding towards army rule under former special forces commander Prabowo.

Indonesia’s President Prabowo Subianto speaks to members of the media after inaugurating military aircraft at the Halim Perdanakusuma air base in Jakarta on Monday. Photo: Reuters
Icons and Influencers

Meet Monica Mosseri, Instagram CEO Adam Mosseri’s wife and Met Gala date

The ex-Facebook employee met her future husband during her time with the company, has 3 sons – and doesn’t have a public Instagram account.

Icons and Influencers

Meet OpenAI’s Charles Porch – who attended the Met Gala

Porch was one of a number of tech titans – from Jeff Bezos to Meta’s Mark Zuckerberg and Google’s Sergey Brin – at the event this year.

United States

New Mexico trial citing ‘public nuisance’ laws against Meta, social platforms

The case is being closely watched as governments across the US pursue similar claims seeking to force big tech platforms to change to protect young users.

A recording of Meta Founder and CEO Mark Zuckerberg’s deposition is played for the jurors on March 4, in Santa Fe, New Mexico, USA. Photo: AP
Indonesia

Gaming platform Roblox to require facial scans for users under 16 in Indonesia

This is in line with new restrictions on minors’ use of social media and digital platforms in the country.

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A girl plays Roblox on her mobile phone in Jakarta, Indonesia. Photo: AP
Artificial intelligence

China blocks Meta’s Manus deal, raises Mythos concerns

The US and China may have to cooperate on managing the growing capabilities of artificial intelligence even as the technology starts to dominate competition between them.

Artificial intelligence

China blocks Meta’s Manus deal after months-long probe, thwarting purchase

Economic planner asks both parties to withdraw from deal for AI firm, in move with wider implications for other start-ups operating overseas.

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The Philippines

How fake job ads in Philippines led to alleged spy recruitment pipeline

The ads, some of which experts say were linked to China, aimed to get unsuspecting Filipino defence specialists to give up key information.

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The Janes ads appeared to be part of efforts linked to China to draw unsuspecting Filipino defence specialists into giving up key information. Photo: Handout
Social media

Turkey passes bill to restrict social media access for under-15s

It comes a week after a 14-year-old boy killed nine students and a teacher at a middle school in southern Turkey, in a gun attack.

Hong Kong courts

Hong Kong retiree gets 1 year in jail for seditious social media comments

Raymond Chong, 61, pleaded guilty at West Kowloon Court to knowingly publishing 53 seditious Facebook posts that denigrated central and local authorities.

China-Africa relations

War of words: China and the US battle it out for African hearts and minds

Rivalry between two global superpowers spills into the media as East meets West head-on in a clash of narratives to win over the continent.

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The battle is on to win over Africa with China and the US wielding their influence through their nation’s media with each superpower pushing narratives designed to denigrate each other. Photo: AFP
Hong Kong society

Legal Tales | Antisocial media: Meta, Google liable in landmark case for mental health harm

Infinite scroll, likes, autoplay and other features that exploit users’ dopamine cravings replicate neurological processes that fuel gambling addiction.

A group of children with mobile phones, all glued to their screens. Photo: Getty Images
Crime in Hong Kong

Hong Kong car owner loses HK$500,000 in fuel membership card scam

Fraudsters exploit surging fuel prices by offering bogus prepaid petrol card deals, police say.

Artificial intelligence

Who is Xu Rui, the ex-ByteDance executive tapped by Meta to lead AI hardware?

The veteran Chinese executive will lead a team that develops AI devices at the Facebook parent’s superintelligence unit.

Crime in Hong Kong

Hong Kong woman loses HK$2.5 million in online collagen drinks scam

Victim tried to buy collagen drinks for HK$530 but was told the goods were out of stock and was offered refund.

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The victim saw a Facebook post advertising collagen drinks and transferred HK$530. Photo: Getty Images
Indonesia

Indonesia begins social media ban for children under 16

Indonesia is now the first country in Southeast Asia to ban children from having accounts on platforms such as YouTube, TikTok and Facebook.

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Teenagers use their mobile phones to browse social media in Jakarta, Indonesia, on March 16. Photo: AP
United States

Meta and Google liable for damages in landmark US addiction trial

Jury orders US$6 million payout to a young woman, a verdict that could affect thousands of similar cases against tech companies.

Social media

Meta ordered to pay US$375 million in New Mexico child safety trial

Meta said it would challenge the decision after a jury found the social media giant liable for endangering minors.

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