Farewell, Facebook. Hello, Meta.
CEO Mark Zuckerberg announced Thursday that Facebook the company is changing its name to Meta to reflect its growing focus on the metaverse.
“From now on, we’re going to be the metaverse first, not Facebook first,” Zuckerberg said at the company's annual Connect conference Thursday. "Our brand is so tightly linked to one product that it can't possibly represent everything we're doing today, let alone the future."
Though its vision is expanding to virtual spaces where people interact via digital avatars, the company said it is not changing its corporate structure. It will trade under the ticker symbol MVRS.
Facebook and its apps Instagram, Messenger and WhatsApp will be housed in a separate division from Facebook Reality Labs, which makes the company's augmented and virtual reality products, the company said earlier this week.
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Source - www.usatoday.com