Facebook Changes Its Name To Meta

 Facebook has changed its corporate name to “Meta” as part of a major rebrand

The company said it would better "encompass" what it does, as it broadens its reach beyond social media into areas like virtual reality.

The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the parent company that owns them.

The move follows a series of negative stories about Facebook, based on documents leaked by an ex-employee.

Frances Haugen has accused the company of putting "profits over safety".

Apparently, In 2015, Google restructured its company calling its parent firm Alphabet, however, the name has not caught on.

Mark Zuckerberg, founder and chief executive officer (CEO) of Facebook, announced the name change in a statement issued on Thursday, October 28. 

According to him, the change of name will reflect the company’s efforts on rebranding its future operations. 

"To reflect who we are and the future we hope to build, I’m proud to share that our company is now Meta," Zuckerberg said. 

He continued: "Our mission remains the same — it’s still about bringing people together. Our apps and their brands aren’t changing either. We’re still the company that designs technology around people. 

"But all of our products, including our apps, now share a new vision: to help bring the metaverse to life. And now we have a name that reflects the breadth of what we do. 

"From now on, we will be metaverse-first, not Facebook-first. That means that over time you won’t need a Facebook account to use our other services. As our new brand starts showing up in our products, I hope people around the world come to know the Meta brand and the future we stand for."