Seventeen years later, Facebook has changed its name to Meta. Find out why Mark Zuckerberg had to change the name of his company.
Zuckerberg has decided to change the name of his company to correct the fact that various allegations have been leveled against Facebook for some time now, which has tarnished the image of the company.
Facebook on Thursday renamed its parent company “Meta” as the tech giant seeks a timely return to its virtual reality vision as a scam-ridden social network for the future.
The new handle comes as the company fights to prevent one of its worst crises ever and leads to its ambition for “metavars” that will blur the lines between the physical world and digital.
Facebook, Instagram and WhatsApp – used by billions of people around the world – will keep their names under rebranding Critics have called the platform’s inaction an attempt to divert attention.
“We’ve learned a lot from struggling with social issues and living under a closed platform, and now it’s time to take what we’ve learned and help in the next chapter,” CEO Mark Zuckerberg said during the annual Developers Conference.
“I’m proud to announce that from today our company is now meta. Our mission is the same, still to bring people together, about our apps and their brands, they don’t change,” he added.
Critics of the company leaned over the rebranding, with an activist group calling itself The Real Facebook Oversight Board and saying the platform was harming democracy by spreading inaccurate information and hatred.
“The change in their meaningless name should not deviate from the investigation, regulation and actual, independent oversight required to hold Facebook accountable,” the group said in a statement.
The social media giant is battling one of its most serious crises after former employee Francis Hodge leaked an internal study encouraging U.S. pressure for regulation, warning officials of the possibility of damage to their sites.
U.S. Reports from a consortium of news outlets have used the documents to fill horror stories, accusing Zuckerberg of turning to state censorship for its platform and highlighting how the site has offended users in the name of keeping them engaged.
Facebook noted in a filing that “since September it has been subject to government investigations and requests to lawmakers and regulators regarding the leaked documents.”
The company told AFP it had issued “legal arrests” to employees on Tuesday, instructing them to keep documents and communications as they face questioning by officers.