Tech giant, Facebook, has finally changed its company name to ‘Meta’
This was done in line with the tech company shifting its focus to the metaverse. The company, which houses social media sites Facebook, WhatsApp, and Instagram, will now be known as Meta, differentiating it from the social media product, Facebook, which is offered by the company.
The company also revealed in a press conference that it will begin trading under the stock name of ‘MVRS’ from the beginning of December 2021. The rebranding of the company is seen as an effort by the tech giant to protect its reputation after a whistleblower made some startling revelations concerning it and some other tech companies about a month ago. The new ‘Meta’ name was announced to the public by the billionaire co-founder of the company, Mark Zuckerberg.
Facebook, which is now known as Meta was initially founded in 2004 by Mark Zuckerberg and four other people in their Havard dormitories.