![]() ![]() ![]() Facebook is desperately trying to army crawl itself out of a swamp of bad press revealing years of systemic failures to combat hate speech and misinformation. It's not an uncommon move for a tech company of such scale - Google created Alphabet as its parent company back in 2015 - but the timing of the Meta announcement is important. The company will drop $FB and begin trading under $MVRS ( get it?) in December. Naturally, it's getting a new stock ticker, too. ICYMI: Mark Zuckerberg announced the company he founded 17 years ago is getting a rebrand, effectively demoting Facebook's namesake site to just one of several in the company's stable of apps, which also includes Instagram and WhatsApp. Now we have Meta, a nod to the company's "metaverse" ambitions (more on that dystopian hellscape in a moment). Then that definite article got the boot, and the world got to know simply Facebook (good call, Justin Timberlake). ![]()
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