Facebook has been embroiled in storm of controversy over the past few weeks due to a whistleblower leaking a large trove of documents dubbed the Facebook Papers that it’s contended show the company knew about the harms caused by its platforms, including spreading hate and misinformation, but didn’t do enough to stop it because it would hurt engagement, and therefore affect profits. Yesterday, amid this crisis for the company, CEO Mark Zuckerberg announced that the company is changing its name.
The company will now be called Meta Platforms Inc., or Meta for short, covering Facebook, Instagram, WhatsApp, Messenger, and more. The Facebook social media platform is keeping that name.
Zuckerberg said the name change reflects the company’s commitment to developing new immersive “virtual environment” technology known as the “metaverse.” However, some critics charged the company is trying to change the subject from the Facebook Papers scandal. The logo was also changed from Facebook’s iconic thumbs-up sign to a blue logo that resembles an infinity symbol.