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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’s justice minister has dismissed concerns that regulating minors' use of social media will infringe on their rights, saying the goal is to protect children from online harms. Photo: Eugene Lee
Children watch a video on a smartphone while eating dim sum at a restaurant in Tsuen Wan. Photo: Nora Tam
Hong Kong society

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

Paul Lam dismisses concerns that measures could infringe on individual rights, saying goal is to protect children in Hong Kong from online harms.

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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

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.

Meta has introduced alerts for Hong Kong parents when teenagers repeatedly search for suicide- or self-harm-related terms. Photo: Elson Li
Meta’s expanded Teen Accounts protections include limits on stranger contact, content restrictions and reminders after 60 minutes of use. Photo: Sam Tsang
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.

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.

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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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People hold photos of children and young adults whose deaths were related to social media use, as Meta faces a landmark trial in Oakland, California, on Tuesday. Photo: Reuters
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.

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.

Meta CEO Mark Zuckerberg arrives for a trial in Los Angeles in February over whether social media platforms deliberately addict and harm children. Photo: AP
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.

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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US President Donald Trump gestures at the White House in Washington on Thursday after a national address focusing heavily on US election security. Photo: AP
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.

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.

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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.

A teenager looks at her smartphone in Brussels. The EU is considering ​a tiered approach, with under-13s only allowed to use social media for limited periods under the supervision of parents, carers and teachers. Photo: AFP
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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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.

The victim had communicated with scammer using a WhatsApp profile featuring a professionally dressed woman. Photo: AFP
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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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.

Social networking and e-commerce app RedNote is viewed by Chinese consumers as a search engine and trust-builder. Photo: AFP
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.

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.

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