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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
Hong Kong residents lost HK$6.43 billion to various scams over the first 10 months of 2025. Photo: Jelly Tse
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

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Australia

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

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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.

Hong Kong’s hospitality sector faces staffing shortages, but start-up Shift Happens is offering a recruitment solution. Photo: Jelly Tse
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.

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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.

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.

Six-year-old Enrique Navarro watches a show on YouTube at his home in western Sydney on October 30. Photo: AFP
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.

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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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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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.

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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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.

A woman and a child stand along the Kingston waterfront as Hurricane Melissa approaches, in Kingston, Jamaica on Monday. Photo: Reuters
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.

A screenshot from a video inaccurately linked to Super Typhoon Ragasa in Hong Kong. Photo: Facebook/SCMP composite
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’.

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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A screenshot of the scene of a crash on Saturday at the Bukit Kajang toll plaza in Malaysia. Photo: Handout
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.

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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