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2025.01.30

09:21

Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended account

Meta said on Wednesday local time that it has agreed to pay about $25 million to resolve a lawsuit filed by U.S. President Trump over the company's suspension of his account after the attack on the U.S. Capitol on January 6, 2021. Of the settlement amount, $22 million will go to the Trump Presidential Library Fund and the rest will be used to pay legal fees and other plaintiffs. Facebook's parent company Meta filed a notice of the settlement in federal court in San Francisco.

2025.01.28

00:05

Meta Platforms (META.O): Launched 1:1 conversation capabilities for Facebook, Messenger and WhatsApp to Meta AI on iOS and Android platforms in the United States and Canada.

2025.01.25

07:26

Zuckerberg said that the AI team will be greatly expanded this year and there will be more than 1.3 million GPUs by the end of the year

Meta CEO Zuckerberg stated on the social platform Facebook on January 24, local time, that approximately 1GW of online computing will be achieved in 2025, and Meta will have more than 1.3 million GPUs by the end of the year. Zuckerberg said Meta plans to invest $60 billion to $65 billion in capital expenditures this year while significantly developing its artificial intelligence team. That's a significant increase from Meta's capital expenditures of $35 billion to $40 billion last year.

2025.01.08

22:46

eBay shares rise 10% as Meta to test displaying eBay items on Facebook Marketplace

eBay shares rose nearly 10% Wednesday after Facebook parent Meta announced it will test displaying eBay merchandise listings on Facebook Marketplace.

2024.12.29

18:18

Yoon Seok-yeol posted on his Facebook that he expressed his deepest condolences to the families of the victims of the plane crash.

2024.12.20

16:03

Malaysia names 8 platforms including Facebook, WeChat, TikTok to get operating licenses within year

The Malaysian government has named eight social media and online messaging platforms that are required to obtain operating licenses under the country's Communications and Multimedia Act 1998 by the end of the year, Malaysian Communications Minister Fahmi Fadzil said in an interview this week.

2024.12.17

22:00

Meta fined €251 million by Irish regulator over data breach

The Irish Data Protection Commission announced the results of its investigation and final decision on Meta Ireland on December 17. The agency said that Meta's previous data leak affected about 29 million Facebook accounts worldwide, of which about 3 million accounts were located in the EU/EEA. The leaked information included user names, emails, phone numbers, etc. The Irish Data Protection Commission therefore decided to impose an administrative fine of 251 million euros on Meta.

2024.12.12

06:29

WhatsApp, Facebook and Instagram are experiencing massive outages

02:14

A user reported multiple glitches on Meta Platforms’ Facebook and Instagram

A user reported that Facebook and Instagram, part of Zuckerberg's "metaverse company" Meta Platforms, were experiencing numerous glitches.

02:11

According to DownDetector, a network status monitoring website, users reported problems with Facebook and Instagram.

2024.11.05

03:32

Meta fined $15.65mn in S. Korea for allegedly illegal collection of personal information

Asia Tech Wire (Nov 5) -- South Korea's Personal Information Protection Commission (PIPC) decided at a meeting on Monday to impose an administrative fine of 21.6 billion won ($15.65 million) on U.S. Internet company Meta Platforms Inc. for violating the country's Personal Information Protection Act.

2022.04.21

04:29

Vietnam plans new rule for "illegal" social media content to be removed within 24 hours

Asian Tech Press (Apr. 21) -- Vietnam is planning new rules that will require social media companies to remove what it deems "illegal" content within 24 hours.

2022.04.07

10:02

Meta removes over 400 Facebook accounts, pages groups ahead of Philippine elections

Asian Tech Press (Apr. 7) -- Mark Zuckerberg's Meta Platforms announced Wednesday it removed a network of over 400 accounts, Pages, and Groups in the Philippines ahead of the Asian country's 2022 general election.

2022.04.01

09:57

Facebook-TikTok War: Money and Fame

Asian Tech Press (Apr. 1) -- Facebook owner Meta Platforms is reportedly paying one of the biggest GOP consulting firms to smear its rival TikTok, waging a war of money and fame in the U.S.

2022.02.24

16:00

Facebook owner Meta launches TikTok-like Reels globally

Asian Tech Press (Feb 24) -- Meta Platforms has launched Reels, a TikTok-like short video feature, to all Facebook users worldwide on Tuesday.

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Weekly Highlights

                                    Southwest Airlines CEO: Although Boeing still has a lot of work to do, they seem to be moving in a good direction and we are more optimistic.
                            2025-01-31

                                    White House Press Secretary Levitt: Details about the Nvidia meeting are still unclear.
                            2025-02-01

                                    Apple (AAPL.O) said the Apple Pay outage has been resolved.
                            2025-01-29

                                    Jefferies: Raised Meta Platforms (META.O) price target from $715 to $810.
                            2025-01-30

                                    Sam Altman, founder and CEO of OpenAI: OpenAI will develop specialized hardware for AI.
                            2025-02-03