Facebook Inc. Rebrands As Meta To Stress 'Metaverse' Plan
Newsy
CEO Mark Zuckerberg says he expects the metaverse to reach a billion people within the next decade.
Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future — what Zuckerberg calls the "metaverse."
Skeptics point out that it also appears to be an attempt to change the subject from the Facebook Papers, a leaked document trove so dubbed by news organizations including The Associated Press. Many of these documents, first described by former Facebook employee-turned-whistleblower Frances Haugen, have revealed Facebook ignored or downplayed internal warnings of the negative and often harmful consequences its algorithms wreaked across the world.
Facebook the app, along with Instagram, WhatsApp and Messenger, are here to stay; the company's corporate structure also won't change. But on Dec. 1, its shares will start trading under a new ticker symbol, "MVRS."
