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Facebook's company name changed to Meta as Mark Zuckerberg plans to focus on developing the metaverse

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Kelly Sullivan/Getty Images for Facebook

Facebook, a company that encompasses more than just the popular social media platform of the same name, is being renamed Meta in a move that CEO Mark Zuckerberg says reflects plans for the organization to work on developing the metaverse.

The company's various apps and technologies, some of which also include the social media platform Instagram and Oculus virtual reality headsets, will now fall under the new brand, the company explained in a post.

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