![]() ![]() This notion of going beyond has become increasingly. But as the lockdowns ended and people started going outside again, revenue growth began to falter. According to Zuckerberg, Facebook chose the name Meta because of its connection to the Greek beyond. Meta, like other social media companies, enjoyed a financial boost during the pandemic lockdown era because more people stayed home and scrolled on their phones and computers. The move comes just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. However, it turns out that the rebranding only concerns the parent company, and the social network will keep its name. DADO RUVIC / REUTERSįacebook parent company Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees on Wednesday, November 9. Updated: Meta logo PNG Over the last few days there have been many rumors about a name change of the world’s most famous social network, Facebook. Le Monde with AP Published on November 9, 2022, at 12:42 pm (Paris)Ī 3D printed Facebook's new rebrand logo Meta and Facebook logo are placed on laptop keyboard in this illustration taken on November 2, 2021. ![]() Facebook corporate logo from 2019 to 2021. ![]() Meta announced it was laying off 13% off its workforce as a result of reduced revenue growth, at a time when a number of the tech giants are experiencing severe challenges. Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc. Facebook parent company Meta cuts 11,000 jobs ![]()
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