Facebook changes its name to Meta
Mark Zuckerberg, the CEO of Facebook, announced today a name change for the company, it becomes Meta. This is related to the metaverse that the group wants to implement. He really thinks that this will be a key element for the future.
New name for Facebook which becomes Meta
The name change for Facebook to Meta only concerns the company in a global sense. The social network Facebook will still be called that, just like Instagram, WhatsApp and Messenger.
During a video presentation, Mark Zuckerberg said that the Facebook brand was too limited to represent what the company wants to do in the future. The new name and brand will represent Facebook’s apps and its work on future augmented and virtual reality products. “From now on, we’re going to be a metaverse first and not Facebook,” Mark Zuckerberg said. “I hope people will come to know the Meta brand and the future we represent,” he added.
The switch to Meta from Facebook will also impact the group’s financial results. When the fourth quarter of 2021 results are released, there will be two segments: family of applications and Reality Labs. In addition, the stock symbol is changing from FB to MVRS. This will be the case as of December 1.