Facebook rebrands as ‘Meta’

Facebook Inc. has been renamed to Meta Platforms Inc., or Meta to reflect its commitment to develop the new surround-yourself technology called as “metaverse.”

However, the social network will still be called as Facebook.

Chief executive, senior leadership and its corporate structure are unchanged as of now.

Rebranding of the company is part of its big plan to develop a virtual world and to bring the “apps and technologies of company under one new company brand”.