On October 28th, Mark Zuckerberg announced that Facebook is changing its company name to Meta. Since then, there’s been a lot of confusion and misinformation circling social media about what this means for individuals and businesses. So what does the name change mean?
In short, it means there’s little difference to your day-to-day life. Your app will still be Facebook, and you’ll still use other Facebook-owned applications and services the same way.
Meta, the new name for Facebook Inc., is the parent company of Facebook, Instagram, Whatsapp, and other products/services they own. Zuckerberg stated at the Facebook Connect augmented and virtual reality conference that the name change is “to reflect who we are and what we hope to build…Our mission remains the same– it’s still about bringing people together. Our apps and our brands– they’re not changing either…”. The goal is essentially to reflect the movement of doing more than just social media.
In your day-to-day life as a consumer of their social media apps, your life remains the same. For businesses who utilize Facebook business and Facebook ads, these services names might be changed to meta– the details have yet to be shared.
Facebook announced in July 2021 that it was working on a metaverse development team, so the change to meta and expanding from social media apps isn’t that much of a surprise. Zuckerberg announced the name change last Thursday, and some details are still unknown. What we do know is that the parent company of the apps we use daily has been changed to Meta and that Facebook’s stock ticker will change from FB to MVRS on December 1st.
This announcement has led to many responses, ranging from criticism, confusion, and mocking the change. One we love in particular is Wendy’s response, in their usual way, making a humorous post about the situation. Now that you (hopefully) understand the name change more and how it won’t change your life and isn’t in response to the recent scrutiny Zuckerberg and Facebook has been under, we hope you can laugh at the jokes, just like Wendy’s.
For more information on this, here are some articles we liked: