Facebook (the parent company, not the social network) has changed its name to Meta.
CEO Mark Zuckerberg announced Thursday that Facebook the company is changing its name to Meta to reflect its growing focus on the metaverse.
The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality (VR).
The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the parent company that owns them.
“From now on, we’re going to be the metaverse first. Not Facebook first,” Zuckerberg said in his keynote. “Facebook is one of the most used products in the world. But increasingly, it doesn’t encompass everything that we do. Right now, our brand is so tightly linked to one product that it can’t possibly represent everything we are doing.”
