Embattled Facebook changes parent company name to 'Meta'

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Facebook, Instagram and WhatsApp will keep their 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.

An activist group calling itself The Real Facebook Oversight Board has warned that major industries like oil and tobacco had rebranded to"deflect attention" from their problems. Facebook has just announced plans to hire 10,000 people in the European Union to build the"metaverse," with Zuckerberg emerging as a leading promoter of the concept.AFP/File | MANDEL NGAN

Facebook has been hit by major crises previously, but the current view behind the curtain of the insular company has fueled a frenzy of scathing reports and scrutiny from US regulators.

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