Meta Platforms owns Facebook and Instagram and changed its corporate name from Facebook in October 2021.
The company announced the name Meta Platforms on October 28, 2021, reflecting a strategic emphasis on the metaverse and other long-term technology projects. Its stock ticker remained META after the rebranding took effect.
Facebook, Instagram, Messenger, and WhatsApp remain major products within the company. Advertising across these services has historically been the central source of revenue, making user engagement and digital-advertising demand important factors in Meta's valuation.
The name change did not mean that the Facebook social network disappeared. Facebook continued as a product brand, while Meta became the corporate parent. Investors value Meta according to the performance and prospects of its family of apps, its advertising business, and its Reality Labs division, which develops virtual- and augmented-reality products.