Which company is the parent of Facebook and changed its corporate name in 2021?

Meta Platforms is the parent of Facebook that changed its corporate name in 2021.

The company announced the name change from Facebook, Inc. to Meta Platforms, Inc. on October 28, 2021. The new name highlighted its strategic focus on building the metaverse, while Facebook remained the name of one of the company’s major social-networking services.

Meta’s family of products includes Facebook, Instagram, Messenger, and WhatsApp. These services give the company a huge global user base and support its principal advertising business. It also develops virtual- and augmented-reality hardware through Reality Labs.

The name change did not mean that Facebook disappeared. It became a product brand within the larger corporate group. Meta remains a major public company whose market capitalization changes with investor expectations about advertising, artificial intelligence, messaging, and immersive technologies.