Facebook has changed its company’s name as well as its focus to “metaverse”after a whistleblower leaked hundreds of internal documents.
Founder Mark Zuckerberg on Thursday announced the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social network.
The new handle comes as the social media giant tries to fend off one its worst crises yet and pivot to its ambitions for the “metaverse” virtual reality version of the internet that the tech giant sees as the future.
According to reports, Facebook, Instagram and WhatsApp will keep their names under the rebranding.
The company also said in a press statement that it planned to start trading under the stock ticker “ MVRS”beginning from December 1.
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“We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg said during an annual developers conference.
“I am proud to announce that starting today, our company is now Meta. Our mission remains the same, still about bringing people together, our apps and their brands, they’re not changing,” he added.
