technology

Facebook parent acquires name rights for Meta for $60 million

Facebook parent acquires name rights for Meta for $60 million

Facebooks parent company Meta Platforms has acquired the trademark assets of US-based regional bank Meta Financial Group for $60 million in cash. Meta Financial and its subsidiary MetaBank will have one year to remove Meta from its name and all branding. Earlier in October, Facebook CEO Mark Zuckerberg announced that the parent company would change its name to Meta..

technology 2021-12-14 Inshorts