Facebook Parent Company Changes Name to Meta, What Does this Mean?

Posted on October 29, 2021
By Sean Musa Carter
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Finance & Business

On Thursday, Facebook social networking giant took a big step towards de-emphasizing their name and rebranding itself as Meta following spreading misinformation and other issues, now its time to a next digital frontier called the metaverse.

The change was accompanied by a new corporate logo designed like an infinity-shaped symbol that was slightly askew. Facebook and its other apps, such as Instagram and WhatsApp, will remain but under the Meta umbrella.

The move punctuates how Mark Zuckerberg, the chief executive, plans to refocus his Silicon Valley company on what he sees as the next digital frontier, which is the unification of disparate digital worlds into something called the metaverse. At the same time, renaming Facebook may help distance the company from the social networking controversies it is facing, including how it is used to spread hate speech and misinformation.

“I’ve been thinking a lot about our identity” with this new chapter, Mr. Zuckerberg said, speaking at a virtual event on Thursday to showcase Facebook’s technological bets on the future. “Over time, I hope we’re seen as a metaverse company.”

With the change, Mr. Zuckerberg telegraphed that his company was going beyond today’s social networking, which Facebook has been built on since it was founded 17 years ago. Having Facebook as the corporate name when the company now owned many apps and was fundamentally about connecting people was no longer tenable, he said.

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