Facebook Owner Pays $60 Million For 'Meta' Name Rights

$Meta Platforms(FB.US)$ Owner Pays $60 Million For 'Meta' Name Rights, Meta Platforms made a key stride in its rebrand from Facebook this month, acquiring the exclusive rights to the name “Meta” from a South Dakota bank in a $60 million transaction. $Pathward Financial(CASH.US)$ and its subsidiary MetaBank will have one year to remove Meta from its name and all branding.