Facebook Inc. has rebranded itself, now, as Meta, most likely as a means to separate the corporate identity of the social network that has been tied to a myriad of ugly controversies. The name change is meant to highlight the company’s shift to virtual reality and the metaverse.
CEO Zuckerberg spoke at the Facebook’s Connect virtual conference and commented on the name change, “From now on, we’re going to be metaverse-first, not Facebook-first.”
The new name change does not affect the company’s share data or corporate structure, however the company will start trading under the new ticker, MVRS starting December 1.
Needless to say, Twitter comments and memes instantly rolled in after the rebrand announcement:
Facebook has named itself Meta, a word that means "please forget about all the leaked internal documents that are currently showing all the horrors of social media"— Adam Smith (@adamndsmith) October 28, 2021
I saw the funniest comment over on Facebook:
META:
M=Manipulating E= Everyone T= Through A= Advertising
🤣— Robert McCarthy #GetVaccinated #TrikaftaNow (@87_RobertM) October 28, 2021