Facebook changes name to Meta



Facebook is changing its company name as it shifts its focus to the “metaverse” and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal document. Mark Zuckerberg on Thursday said that Facebook will change its corporate name to Meta, effectively demoting Facebook’s namesake service to being just one of the company’s subsidiaries, alongside Instagram and WhatsApp, rather than the overarching brand.The company formerly known as Facebook also said in a press release that it plans to begin trading under the stock ticker “MVRS” on December 1.

From now on, we’ll be metaverse first, not Facebook first,” CEO Mark Zuckerberg said Thursday. “Over time, you won’t need to use Facebook to use our other services.”

Facebook name change to Meta

Zuckerberg said:Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,”

We believe the metaverse will be the successor to the mobile internet. We’ll be able to feel present – like we’re right there with people no matter how far apart we actually are. We’ll be able to express ourselves in new joyful, completely immersive ways.”

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