Facebook chief Mark Zuckerberg on Thursday announced the parent company's name is being changed to "Meta" $Meta Platforms (FB.US)$ to represent a future beyond just its troubled social network.
The new handle comes as the social media giant tries to fend off one its worst crises yet and pivot to its ambitions for the "metaverse" virtual reality version of the internet that the tech giant sees as the future.
Facebook, Instagram and WhatsApp will keep their names under the rebranding.
a dude from reddit:
The year is 2043. My kids are waking up for school. They eat breakfast and then say “bye dad I’m going to school” as they put their headsets on and enter the Metaverse. They load up their  avatars and go sit on the couch and virtually walk to class. They look around class and have a T-Rex to your right and a Ugandan knuckles on your left. Ugandan knuckles avatar cost $7000 as an NFT.
Source:
Embattled Facebook announces name change to 'Meta'