Which company created Facebook and changed its name from Facebook Inc. in 2021?

Meta Platforms created Facebook and changed its corporate name from Facebook Inc. in 2021.

Facebook Inc. announced its new name, Meta Platforms, in October 2021. The rebranding reflected the company’s intention to develop the metaverse, a broad concept involving immersive digital environments, virtual and augmented reality, and social interaction through technology.

Facebook remained the name of the company’s flagship social network. Meta also owns Instagram, WhatsApp, and Messenger, giving it several of the world’s most widely used communication and social platforms.

Meta’s market capitalization is influenced by advertising revenue, user engagement, expenses for reality labs, and investor expectations about artificial intelligence and future computing platforms. The name change did not mean Facebook disappeared; it separated the corporate parent’s identity from one of its major products.