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Facebook changes company name to Meta: Name Change reflects the company’s growing ambitions beyond social media. Stock Symbol also Changes
CNBC ^ | 11/05/2021 | Salvador Rodriguez

Posted on 11/05/2021 8:43:14 PM PDT by SeekAndFind

Facebook on Thursday announced that it has changed its company name to Meta.

The name change was announced at the Facebook Connect augmented and virtual reality conference. The new name reflects the company’s growing ambitions beyond social media. Facebook, now known as Meta, has adopted the new moniker, based on the sci-fi term metaverse, to describe its vision for working and playing in a virtual world.

“Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Meta CEO Mark Zuckerberg said.

The company also said in announcing the new name that it will change its stock ticker from FB to MVRS, effective Dec. 1.

Meta’s stock price closed up on Thursday.

In July, the company announced the formation of a team that would work on the metaverse. Two months later, the company said it would elevate Andrew “Boz” Bosworth, who is currently the head of the company’s hardware division, to the role of chief technology officer in 2022. And in its third-quarter earnings results on Monday, the company announced that it will break out Reality Labs, its hardware division, into its own reporting segment, starting in the fourth quarter.

“Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers,” Zuckerberg wrote in a letter on Thursday.

Over the past few years, the company has ramped up its efforts in hardware, introducing a line of Portal video-calling devices, launching the Ray-Ban Stories glasses and rolling out various versions of the Oculus virtual-reality headsets.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: facebook; internet; meta; rebranding; socialmedia

1 posted on 11/05/2021 8:43:14 PM PDT by SeekAndFind
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To: SeekAndFind

Will read in the morning. I hate Facebook.


2 posted on 11/05/2021 8:47:35 PM PDT by Veto! (Political Correctness Offends Me)
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To: SeekAndFind

Virtual Reality basically means one is removing oneself from reality. Blech.


3 posted on 11/05/2021 8:53:10 PM PDT by simpson96
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To: SeekAndFind

The trade name Facebook is embedded into the culture in countless ways. It’s going to be a long period of ‘updating those Street Signs everywhere you look online.
The Icons must also be replaced on packaging and in print.

I don’t see why the corporate name Meta couldn’t have just been added as a central reference, but hey, are they asking for my opinion on it? No, they are not.


4 posted on 11/05/2021 8:53:26 PM PDT by lee martell
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To: lee martell

Shoulda made their own parent company, like Google did.


5 posted on 11/05/2021 8:58:17 PM PDT by SPDSHDW (You get what you let occur with no resistance. Everything Joepedo n' felons do is on your head.)
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To: lee martell

Opposite of Meta is Mesa. Guess I’ll remain a Mesa girl. FaceMeta sux.


6 posted on 11/05/2021 8:58:30 PM PDT by Veto! (Political Correctness Offends Me)
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To: SeekAndFind

Meta is the Hebrew word for death.


7 posted on 11/05/2021 8:58:50 PM PDT by reg45 (Barack 0bama: Gone but not forgiven.)
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To: reg45

I think they were thinking of Greek instead of Hebrew.

From the Greek μετα-, meta-, meaning “after” or “beyond”, “more comprehensive” or “transcending.”


8 posted on 11/05/2021 9:05:32 PM PDT by SeekAndFind
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To: Veto!

9 posted on 11/05/2021 9:14:21 PM PDT by DoodleBob (Gravity's waiting period is about 9.8 m/s^2 )
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To: SeekAndFind

Could care less about the name change. It will always be Facebook to me.


10 posted on 11/05/2021 9:15:47 PM PDT by NCSUgirl4ever
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To: SeekAndFind

M just
E lect
T rump
A gain


11 posted on 11/05/2021 9:18:36 PM PDT by cll (Serviam!)
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To: SeekAndFind

M just
E lect
T rump
A gain


12 posted on 11/05/2021 9:18:36 PM PDT by cll (Serviam!)
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To: SeekAndFind

It’s just expansion in to broader software and associated hardware perhaps.

They make it sound so crazy.

They are totalitarian minded.


13 posted on 11/05/2021 9:31:02 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: SeekAndFind

CIABook.com and FBIBook.com must have been too obvious to the flaming homosexuals and other losers “in charge” of that Godforsaken website.


14 posted on 11/05/2021 11:33:33 PM PDT by Prole ( )
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To: SeekAndFind

Facebook seeks to cleanse itself but this won’t do it just as I can change my name to Obama but it won’t make me half black or married to a man dressed like a woman. At times we instantly want to believe the other side is stupid (and it is tempting here), but they are actually insidious monsters aiding communist China. I saw an article conflating the two, “The Latest Data Makes the Vaccine Mandate Push Seem All the More Stupid”, and you can give that a look at RedState. So since these ‘vaccines’ obviously don’t have a real effect on the virus the next thing to consider is what their real purpose is. Mark can call his company whatever he wants but I’m still boycotting it.


15 posted on 11/05/2021 11:55:18 PM PDT by ProfessorGoldiloxx
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To: DoodleBob

And THAT was a bunch of leftist degenerates saying that to the Dean and college and town (in Animal House). Oh how the turntables...


16 posted on 11/05/2021 11:56:43 PM PDT by ProfessorGoldiloxx
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To: SPDSHDW

I thought the same thing. This is just dumb.


17 posted on 11/05/2021 11:57:38 PM PDT by ProfessorGoldiloxx
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To: ProfessorGoldiloxx

Indeed - kids used to “question authority.” Now they DEMAND that you “obey authority.”


18 posted on 11/06/2021 5:24:47 AM PDT by DoodleBob (Gravity's waiting period is about 9.8 m/s^2 )
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To: SeekAndFind

Bust the Farcebook Trust.

Where is Teddy Roosevelt when we need him?


19 posted on 11/06/2021 5:25:50 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: SeekAndFind

The hatred for Facebook among the Millennials at Reddit exceeds anything seen here at FR. Never thought I’d see that, but there it is.


20 posted on 11/06/2021 7:49:24 AM PDT by sergeantdave (Federal courts no longer have any standing in America. )
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