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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
The logo of video app TikTok seen on the side of the company’s office in Culver City, Los Angeles. Photo: AFP
An illustration of rhe TikTok app icon on a mobile phone. Photo: Reuters
Social media

TikTok settles lawsuit with Alabama for at least US$100m, to apply safety steps

Alabama has claimed TikTok’s algorithm pushes young users towards increasingly intense content about violence and self-harm.

Hong Kong society

Legislation among options to regulate minors’ social media use: justice minister

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European Union

EU to propose curbing social media, online games for under 15s

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Singapore

Singapore may require social media firms to set daily time limits for teens

If a social media platform does not want to introduce stronger safeguards, Singapore may require it to raise the minimum age of access to 18.

A group of students attending class in a school in Singapore. Photo: Shutterstock
Students walk to Yio Chu Kang MRT station in Singapore. Photo: Shutterstock
Hong Kong science and tech

Hong Kong parents to get alerts over teens’ self-harm searches on Instagram

Meta Platforms rolls out alerts to help parents intervene when teenagers repeatedly search for self-harm-related content as part of wider safety measures.

United States

Meta to pay US$18 billion and limit teen access to settle US addiction case

Landmark deal imposes new safety limits on Instagram and Facebook for teens as company calls on TikTok and YouTube to follow.

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New Zealand

New Zealand moves to ban social media for under-16s

Wellington is proposing fines of up to 10 per cent of global turnover for tech firms, but a coalition partner has vowed to block the measure.

The bill would require social ​media platforms operating in New Zealand to take reasonable steps to verify users’ ages. Photo: Getty Images/TNS
United States

Meta accused at trial of targeting kids to boost Facebook and Instagram use

A bipartisan group of 29 states is suing the company, seeking potentially tens or hundreds of billions of dollars in penalties.

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Crime in Hong Kong

Multi-property owner loses HK$10 million after fraudster poses as possible tenant

Woman duped into bogus friendship by scammer, who promised tips on how to make money fast with cryptocurrencies.

US-China relations

Facebook parent Meta to unwind US$2 billion Manus AI deal after Beijing block

Chinese-founded AI platform says affected users’ data will be deleted as it returns to independent operations.

Meta acquired Chinese-founded AI platform Manus for a reported US$2 billion in December. Photo: Getty Images
United States

Meta ordered in US to pay US$567 million to address child safety harms

Company says it will appeal after a New Mexico judge directs funds to youth mental health programmes and orders app changes.

An art installation in Los Angeles highlights the dangers young people face online. Meta has been ordered by a US judge to pay US$567 million over child safety harms. Photo: AFP
India

Zuckerberg apologises to India over child sexual abuse content on Meta platforms

The Meta Platforms ⁠CEO also apologised for deepfake content and operational ‌lapses on the company’s platforms, according to a report.

Russia

Russia charges Telegram founder with aiding terror, issues wanted alert

FSB accuses app administration of enabling acts of sabotage and cyberfraud by Ukrainian forces.

Belt and Road Initiative

China Unicom connects Hong Kong-Cambodia cable, widening undersea data network

The submarine cable project ties city with a high-speed data and information corridor running through Southeast Asia.

A new state-of-the-art submarine cable enabling faster internet for Cambodia has made a successful landing in Hong Kong earlier this week. Photo: Sina
Spain

Teen dies during Spain World Cup celebrations

The teen died and several people were injured after a fountain collapsed in western Spain during celebrations.

A fountain in Ciudad Rodrigo, Spain’s Salamanca province, is cordoned off on Monday after it collapsed during World Cup celebrations. Photo: EPA
US-China relations

Many allegations, little evidence: unpacking China election-interference records

Declassified US intelligence files showing millions of Americans’ voter information do not back Trump’s claims Beijing hacked 2020 election.

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Fame and celebrity

Meet Douglas Chabbott, Sofia Vergara’s much younger boyfriend

The Modern Family star’s businessman beau is 14 years younger than her and hangs out with celebrities like Dakota Johnson and Orlando Bloom.

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European Union

EU demands ‘youth mode’ to protect children from addictive social media features

The addictive features include infinite scroll, autoplay, push notifications and highly personalised recommender systems.

A teenager looks at a smartphone displaying the TikTok logo in Brussels on July 7. Photo: AFP
European Union

EU eyes social media curbs for children

Australia, Britain, China, India and the United States have already imposed a social media ban or are ‌considering ‌one.

Indonesia

‘Grading own homework’: is Indonesia outsourcing online safety to tech giants?

Without a regulator, Indonesia’s child online safety rules require digital platforms to assess and remove underage accounts themselves.

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South Korea

South Korea ‘fake news’ law triggers free speech, censorship fears

The scope extends beyond social media to malicious reviews and defamatory posts on online communities, delivery apps and shopping platforms.

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Men look at their smartphones while waiting in Seoul. Photo: AFP
Hong Kong society

No need to share numbers as WhatsApp set to introduce new feature for texting

Starting this week, users can reserve unique usernames that allow them to text without swapping numbers later this year.

Meta has said it will notify users when the feature is available in their respective countries. Photo: Edmond So
Hong Kong police

Hong Kong physiotherapist loses HK$5m in scam involving ‘beautiful assistant’

Facebook ad redirected victim to WhatsApp chat with scammer who pushed fake ‘SecuG Pro’ investment app and solicited transfers.

Britain

My Take | Putting the social media genie back in the bottle will not be easy to do

The determination around the world to crack down on the use of these platforms by children is a response to the mounting evidence of the harm it can do.

Australia

Australia PM: ‘too many children on social media’, ban too easy to avoid

According to a British ‌study, 85 per cent of Australians aged 12 to 15 were still using social media three months after the ban took effect.

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Prime Minister Anthony Albanese speaks at Question Time in the House of Representatives at Australian Parliament House in 2024, in Canberra. Photo: TNS
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.

China has introduced a voluntary industry code of conduct for AI smart glasses following growing privacy concerns over covert recording. Photo: Xinhua
The Future of Marketing in Asia

China’s digital platforms redefine global marketing strategies

The mainland’s app ecosystem integrates content, discovery and transaction into a single and seamless experience.

The Future of Marketing in Asia

The art of persuasion enters the AI era

Content creators have risen to eclipse traditional ad formats, but now, as AI takes centre stage, the battle for authenticity is on.

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