Yesterday Facebook announced that it has changed the parent company name to Meta. This was announced by Mark Zuckerberg on Facebook Connect augmented and virtual reality conference. The video available on Twitter.

For last a few years Facebook was under immense pressure: political parties, Oxford analitics, personal data leaks to darknet, almost no responsibility over content posted on platform, live streaming of terorist attack, copyright and intellectual property infringement, fake news, etc. After so much negativity around Facebook it’s a great idea to rebrand the company to reflect company’s growing ambitions beyond social media.

The use of Facebook + Instagram + WhatsApp has became part of daily routine. For most people it’s hard to imagine the life without Facebook or Instagram. Most of businesses promote their services and products on Facebook and Instagram. Facebook connected more people than any other company in the world. But how big is Facebook Inc? Here’s some statistics.

From statistics clearly visible than Facebook with Instagram dominate the social media space. “Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Meta CEO Mark Zuckerberg said. Facebook currently traded under FB ticket but it will be changed to MVRS from December 2021.