Facebook becomes Meta

Facebook has confirmed it's new company name as Meta, CEO Mark Zuckerberg introduced Meta, which the company says "brings together our apps and technologies under one new company brand. Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses."


As for the facebook apps and website, users will not see any changes as this will just be a company name change and not a social network name change. Facebook currently own Oculus, Instagram and Facebook and all those will still operate as is.


In a statement Meta (Facebook) said "Our corporate structure is not changing, however, how we report on our financials will. Starting with our results for the fourth quarter of 2021, we plan to report on two operating segments: Family of Apps and Reality Labs. We also intend to start trading under the new stock ticker we have reserved, MVRS, on December 1. Today’s announcement does not affect how we use or share data."