Facebook on Thursday announced that it has changed its company name to Meta.

The name change was announced at the Facebook Connect augmented and virtual
reality conference. The new name reflects the company’s growing ambitions beyond
social media. Facebook, now known as Meta, has adopted the new moniker, based
on the sci-fi term metaverse, to describe its vision for working and playing in a virtual
world.

“Today we are seen as a social media company, but in our DNA we are a company that
builds technology to connect people, and the metaverse is the next frontier just like
social networking was when we got started,” Meta CEO Mark Zuckerberg said.

The company also said in announcing the new name that it will change its stock ticker
from FB to MVRS, effective Dec. 1.