Meta Platforms, one of the world's largest companies by market capitalization, changed its corporate name from Facebook in 2021.
The company announced the rebranding on October 28, 2021, and adopted the name Meta Platforms, Inc. The change reflected an effort to position the corporation around a broader collection of technology businesses rather than only its original social-networking service.
Facebook remained the name of the social-media platform, while Meta became the parent company's corporate identity. Meta also owns Instagram, WhatsApp, and Messenger, among other products and services.
The rebranding was closely associated with the company's metaverse strategy, including virtual and augmented reality through its Reality Labs division. A frequent mistake is saying Facebook disappeared in 2021; the platform kept its name even though the parent company changed.