Social media giant, Facebook has changed its parent company’s name to Meta.
Facebook Chairman and CEO, Mark Zuckerberg, made the announcement on Thursday, saying it is part of a major rebranding.
However, he explained that the change does not apply to its individual platforms – Facebook, Instagram and WhatsApp, but only the parent company.
The rebranding was sequel to a series of negative reports about Facebook, based on documents leaked by one of its ex-employees, Frances Haugen, who had accused the company of putting “profits over safety”.
The rebranding happened amid criticisms from American lawmakers and regulators over its market power, its algorithmic decisions and the policing of abuses on its platforms.