Facebook changed its corporate name to “Meta”
Facebook recently announced during this year’s Facebook Connect event that it officially changed its corporate name to “Meta”.
On Thursday, Facebook CEO Mark Zuckerberg officially announced that the parent company’s new name will be Meta. According to him, Meta was a company that ”builds technology to connect”.
“Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy,” Mark said. “To reflect who we are and what we hope to build.”
Mark also said that the name “Facebook” didn’t fully encompass everything the company did now and was still closely linked to one product. However, Mark said that he’s hoping the parent company will be seen as a “metaverse company” over time.
At present, Mark owned the Twitter handle @meta (whose tweets were protected as of this writing) and the meta.com site, which was currently redirected to a welcome page on Facebook outlining the changes.
The site was previously redirected to meta.org, a biomedical research discovery tool that was a project of the Chan Zuckerberg Science Initiative that was part of the philanthropic arm Mark co-founded with his physician wife Priscilla Chan in 2015.
READ ALSO: Facebook Reportedly Plans To Rebrand Company With New Name
The Chan Zuckerberg Science Initiative said in a Medium post on Thursday that the group was sunsetting meta.org on March 31, 2022.
As previously reported on The Verge, the rebrand was part of the parent company’s efforts to shift gears away from being known as a social media company and focus on Mark’s plans for building the “metaverse”.
In a blog post on Thursday, Mark said that the parent company’s corporate structure wouldn’t be changing, but how it reported financial results 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,” Mark explained. “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.”
The Verge also reported that Mark Zuckerberg officially became the chairman and CEO of Meta.
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