Facebook is rebranding itself as Meta to reflect the company’s focus on building the metaverse, a virtual world where people work, play, learn and connect with their friends and family. You can watch Zuckerberg’s announcement here.
More details🧐 Company founder & CEO Mark Zuckerberg said that the word “meta” comes from the Greek word meaning “beyond”, & that “it symbolizes that there is always more to build.” Facebook says it will start trading under the new stock ticker MVRS on the 1st of December, 2021.
What does this mean for owned brands🤔 Facebook, the social media platform, will remain as Facebook. The rebranding is only for the parent company, which is now Meta. A structure similar to that of Google, which operates under the umbrella of its parent company, Alphabet. No name changes will happen to Instagram & WhatsApp, either; just expect these brands to fall under the Meta parent company.
