Facebook Changes Parent Company Name To “Meta”

October 28, 2021 Business, Social Media

Facebook on Thursday announced that it will change its company name to Meta. The name change, which was announced at the Facebook Connect augmented and virtual reality conference, reflects the company’s growing ambitions beyond social media with the metaverse, a classic sci-fi term Facebook has adopted to describe its vision for working and playing in a virtual world.

“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,” Zuckerberg said. The company will also change its stock ticker from FB to MVRS, effective Dec. 1, the company said in the announcement of its name change.

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Breaking News: Facebook will change its corporate name to Meta, with Facebook, Instagram and WhatsApp remaining under the Meta umbrella. With his company under fire for a host of issues, Mark Zuckerberg said the change was part of a bet on the “metaverse.” https://t.co/lFQmkKerMf

— The New York Times (@nytimes) October 28, 2021