Facebook Now Officially Has a New Company Name – Meta

Oct. 29, 2021

According to Zuckerberg, the move to change the name aims torepresent the company as a global brandand not just a social media company moving forward. Although the corporate structure of the company will not change, Zuckerberg says, the way the company reports its financial results will see a major change. It’s just that Facebook wants to collect its plethora of services under a single umbrella, and well, the name of its social media giant (Facebook) no longer suffices the purpose.

“We are 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. To reflect who we are and what we hope to build. But over time, I hope we are seen as a metaverse company,”Zuckerberg said during the event.

“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.” Zuckerberg wrote inan official blog postrecently.

A geek at heart, you’ll find me fidgeting with an iOS device or sitting in front of the laptop, scouring the internet to find interesting technological innovations. In my free time, you’d find me playing Valorant or listening to Pink Floyd.