Mark Zuckerberg announces 'Meta' as new name of 'Facebook'

New Delhi : Facebook chief Mark Zuckerberg has announced a new name for Facebook’s parent company. It will now be known as "Meta" to represent a future beyond just its troubled social network.

The social media platforms of the company - Facebook, Instagram and WhatsApp - will keep on running with the same names under the rebranding.

"We've learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we've learned and help build the next chapter," Zuckerberg said during an annual developers conference.

"I am proud to announce that starting today, our company is now Meta. Our mission remains the same, still about bringing people together, our apps and their brands, they're not changing," he added.

Meanwhile, there are some reports which claim that the company is changing its name to cover-up the recent goofups associated with the name. 

"Good faith criticism helps us get better, but my view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company," Zuckerberg said in an earnings call on Monday.

In 2015, Google had rebranded itself as Alphabet in a corporate reconfiguration.