Facebook is changing its name to Meta, here’s why

Facebook Inc said that it would rebrand as Meta, a name change that underscores its ambitions to refocus the world’s largest social network on building the “metaverse.”
The rebrand comes as the company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the policing of abuses on its platforms.
CEO Mark Zuckerberg, speaking at the company’s live-streamed virtual and augmented reality conference, said the new name reflected its focus on building this new virtual realm rather than its namesake social media service.