Meta Platforms, a major company by market cap, changed its corporate name from Facebook in 2021.
Facebook announced the new corporate name, Meta Platforms, in October 2021. The change reflected an effort to present the company as broader than its original social-networking service and to emphasize virtual and augmented reality ambitions.
The Facebook social network kept the Facebook name, while other products included Instagram, WhatsApp, and Messenger. Meta also operates Reality Labs, its division focused on virtual-reality and augmented-reality hardware and software.
The rebranding did not mean that Facebook disappeared immediately as a consumer product. It changed the parent company's identity and ticker symbol from FB to META. The company was founded as TheFacebook in 2004 before dropping “The” from its name.