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Facebook, which is the social media behemoth, had announced on Thursday 28th Oct 2021 that its corporate name has been changed to Meta. The owner Mark Zuckerberg, Facebook’s Chief Executive Officer and Chairman, stated in the release that the development is part of a major rebranding.
The move, according to the platform, does not affect its individual platforms, such as Facebook, Instagram, and WhatsApp, but rather the parent business that controls them.
This updates had followed after series of reports regarding Facebook based on information released by ex-employee Frances Haugen.
The corporation has been accused by Haugen of
prioritizing earnings over safety.