Facebook changes name to ‘Meta’

Facebook changes name to ‘Meta’

Facebook revealed on Thursday that it has changed its name to ‘Meta.’

This makeover comes after a period of intense scrutiny and considerable criticism of the company’s business practices.

According to Mark Zuckerberg, the new name will have no impact on how the corporation uses or shares data, and the corporate structure will remain unchanged.

On December 1, the company’s stock will begin trading under a new ticker, MVRS.

The new holding company Meta will encompass Facebook, its largest subsidiary, as well as apps such as Instagram, WhatsApp and the virtual reality brand Oculus.

“We’re now looking at and reporting on our business as two different segments, one for our family of apps, and one for our work on future platforms.

“And as part of this, it is time for us to adopt a new company brand to encompass everything that we do to reflect who we are and what we hope to build.

“I am proud to announce that starting today, our company is now Meta,” he stated.

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