On Thursday, Facebook CEO Mark Zuckerberg revealed its company’s new name will be Meta.
According to The Verge, “We are a company that builds technology to connect,” Zuckerberg said. “Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy.”
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“To reflect who we are and what we hope to build,” he added. He said the name Facebook doesn’t fully encompass everything the company does now and is still closely linked to one product. “But over time, I hope we are seen as a metaverse company.”
Zuckerberg wrote in a blog post-Thursday that the company’s corporate structure would not be changing, but how it reports financial results will.
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“Starting with our results for the fourth quarter of 2021, we plan to report on two operating segments: Family of Apps and Reality Labs” he explained. “We also intend to start trading under the new stock ticker we have reserved, MVRS, on December 1. Today’s announcement does not affect how we use or share data.”