By Breitbart. Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future — what Zuckerberg calls the “metaverse.”
Skeptics point out that it also appears to be an attempt to change the subject from the Facebook Papers, a leaked document trove so dubbed by a consortium of news organizations that include The Associated Press. Many of these documents, first described by former Facebook employee-turned-whistleblower Frances Haugen, have revealed how Facebook ignored or downplayed internal warnings of the negative and often harmful consequences its algorithms wreaked across the world.
Facebook the app, along with Instagram, WhatsApp and Messenger, are here to stay; none will be changing their names. The company’s corporate structure also won’t change. But on Dec. 1, its shares will start trading under a new ticker symbol, “MVRS.”
“Facebook is the world’s social media platform and they are being accused of creating something that is harmful to people and society,” said marketing consultant Laura Ries. She compared the name Meta to when BP rebranded to “Beyond Petroleum” to escape criticism that it harmed the environment. “They can’t walk away from the social network with a new corporate name and talk of a future metaverse.” (Read more from “WATCH: Facebook Officially Rebranding to Try and ‘Reverse’ Damage” HERE)
Facebook Changes Its Corporate Name to ‘Meta’ Amid Torrent of Scandals
By New York Post. . .The change comes as Facebook seeks to shake a torrent of scandals after whistleblower Frances Haugen leaked company research showing Instagram’s negative effect on teens’ mental health, Facebook’s struggles to stop human trafficking on its platform and the widespread sharing of false news about elections on its sites.
A defiant Zuckerberg — who has not publicly responded to calls to testify in Congress amid the scandals — indirectly addressed the issue during the event and accused critics of being stuck in the past.
“With all the scrutiny and public debate, some of you might be wondering why we’re doing this right now,” said Zuckerberg. “Some people will say that this isn’t a time to focus on the future, and I want to acknowledge that there are important issues to work on in the present. There always will be.
“For many people, I’m not sure there will be a good time to focus on the future,” Zuckerberg added in an apparently sarcastic jab.
Nevertheless, the new name quickly provoked jeers on social media, with many critics noting that the move looked like a desperate attempt to change the subject.
this all happened because zuckerberg never meta girl until college
— Brandy Jensen (@BrandyLJensen) October 28, 2021
No Meta what you call Facebook it sucks
— amil (@amil) October 28, 2021
(Read more from “Facebook Changes Its Corporate Name to ‘Meta’ Amid Torrent of Scandals” HERE)
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