Facebook will be now called Meta as Mark Zuckerberg works to create Metaverse: Full story in 10 points

Amid the mounting controversies, Facebook CEO Mark Zuckerberg has changed the name of Facebook's parent company to Meta.

Facebook’s parent company is now Meta. Amid the mounting controversies, the social media giant changed its name to Meta. This is because Zuckerberg wants to move beyond the realms of social media and does not wish his company to be known as a social media company only. With the new platform, Facebook wants to shift its gears towards futuristic technology and products and wishes to be known as a technology company. However, this doesn’t change anything for social media apps.

Zuckerberg in his letter reveals that the term “Meta” has been derived from the Greek word that means “beyond”. He says that it symbolises that there is always more to build. “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,” Zuckerberg said.