Tag: Mark Zuckerberg

Facebook (the parent company) has changed its name to Meta, in reference tothe metaverse, which combines social media with virtual and augmented reality — this will be the company’s main focus moving forward. The social media platform will still be called Facebook and won’t be affected by the rebranding.

Mark Zuckerberg (FB/IG) is the founder, chairman, and CEO of Meta, which he originally founded as Facebook in 2004. Mark is responsible for setting the overall direction and product strategy for the company.

On Oct. 28, Facebook CEO Mark Zuckerberg announced that the company known as Facebook would be changing its name. The company, now known as Meta , will still have Facebook, Instagram, WhatsApp and Oculus VR under its control.

It marked the company’s worst one-day loss since its Wall Street debut in 2012. “Meta CEO Mark Zuckerberg may be keen to coax the world into an alternate reality, but disappointing fourth-quarter results were quick to burst his metaverse bubble,” said Laura Hoy, an equity analyst at Hargreaves Lansdown.