Mark Zuckerberg , Facebook’s founder, has finally decided upon Meta as its corporate name. All the popular social media platforms including Facebook, Instagram and WhatsApp will remain under the umbrella of Meta.

According to Mark Zuckerberg, the name change was part “of a bet on metaverse” the New York Times reported. The name change came at a time when the company is already facing a lot of legal and operational issues.

However, it’s not a surprise for tech companies to change their names once they start exploring multiple business verticals. Google has previously changed its corporate name to Alphabet Inc.

The social media giant has been under fire for spreading misinformation and Conservatives have openly opposed the policies of Facebook during the elections.

Trump to counter his ban on Social Media also announced earlier this month to launch his own social media platform.