Facebook changes name to Meta (What you should know)

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Facebook changes name to Meta as part of rebranding

Popular social media platform, Facebook has rebranded and changed its name to Meta according to statement by the founder.

Facebook CEO, Mark Zukerberg said the new name would better cover what the company does now, and a reference to its plans to invest in virtual reality.

Facebook said its future goal is to create an online world, called Metaverse, where people can work, game and communicate in a virtual environment, using VR headsets.

Meta will also be the holding company for Instagram and WhatsApp which are all part of Facebook.

According to Mark Zukerberg, from December 1, 2021, Facebook shares will trade under the stock ticker MVRS and no longer FB.

Meta’s stock price rose more than 3 per cent on Thursday.

More details coming soon!!!

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