Yesterday, a meme in the style of Pinduoduo titled “Meta Seeks Refund of 2 Billion” went viral on social media, sparking heated discussions across the internet. Behind this meme is a significant bombshell in the global tech sector: The Office of the Foreign Investment Security Review under China's National Development and Reform Commission officially announced a decision to prohibit foreign investment in the Manus project and clearly requested that the parties involved withdraw the acquisition deal.
This is the first publicly halted foreign acquisition case in the AI sector since the implementation of the "Foreign Investment Security Review Measures" in 2020, and it represents the strictest review conclusion under this framework—“investment that is prohibited shall not be implemented.” For Meta, which recently announced a $2 billion acquisition of this globally leading general AI agent startup, this is undoubtedly a significant strategic setback.
The Regulatory Iron Fist and AI Game Behind “Refund Only”
According to extensive reports from foreign and domestic media, despite Manus's registration moving to Singapore (Butterfly Effect Pte), the core concern of Chinese regulators is the complete chain of its core team, research and development capabilities, training data, and intellectual property being transferred from entities in China to overseas. This chain does not disconnect from the jurisdiction of Chinese laws due to the change in the final registered location.
The failure of this acquisition not only means that the position of Meta's vice president has closed the door for Manus's founder, Xiao Hong, but it also highlights that, under the backdrop of Sino-U.S. tech rivalry, the cross-border flow of top AI talent and intellectual property is facing unprecedented strict scrutiny. Meta's attempt to quickly complement its shortcomings in the AI agent field through acquisition has been forced to hit the pause button.
META Stock Price Short-Term Pressure, Bull-Bear Battle Intensifies
From a technical perspective, this sudden event has directly impacted the short-term price trend of META. According to K-line data analysis from Hyperliquid, the META/USDC perpetual contract is currently fluctuating around $677.43 (slightly down 0.29% intra-day).
How to Seize Trading Opportunities for META on Hyperliquid?
Faced with such significant fundamental events and technical directional choices, whether you are a “bear” expecting a short-term downturn for META, or a “bull” firmly believing that META's long-term AI strategy is unaffected by a single acquisition, you need a flexible, efficient tool that is not bound by traditional trading hours.
Hyperliquid (HIP-3) is born for this purpose. As a leading on-chain derivatives trading platform, it offers you a trading experience akin to a dimensional strike:
1. Up to 10x leverage to amplify your judgment When trading the META/USDC perpetual contract on Hyperliquid, you can freely adjust leverage from 1x to 10x based on your risk preference. If you believe that the collapse of the $2 billion acquisition will severely undermine market confidence in Meta's AI strategy, you can choose to short (sell) with 10x leverage to gain excess profits from the decline; conversely, if you think this is only a short-term emotional outburst and Meta’s trillion-dollar scale is sufficient to digest this setback, you can also go long (buy) with 10x leverage to accurately bottom out. 
2. 24/7 uninterrupted trading, fearless of pre- and post-market The traditional U.S. stock market is limited by trading hours, and often can only passively bear significant gaps during pre-market or post-market due to sudden news. Hyperliquid provides a seamless trading environment 24/7, allowing you to respond quickly to news even during weekends and seize trading opportunities.
3. On-chain order book with sub-second confirmation Based on high-performance HyperEVM, Hyperliquid achieves real full on-chain order book (CLOB) trading, bidding farewell to the slippage and congestion of traditional DEXs, enjoying sub-second order confirmation speeds and excellent liquidity comparable to or even exceeding centralized exchanges (CEX).
4. Native USDC settlements for safety and transparency All trades use USDC as the margin and settlement currency, avoiding additional risks brought by price fluctuations of crypto assets, making your profit and loss calculation clearer and more intuitive.
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As “refund only” became a meme across the internet, savvy traders have already started positioning on Hyperliquid. The next direction for META is up to you to decide!
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