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Science & Tech
Facebook changes name to Meta in major rebrand
SOCIAL networking giant Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality (VR). The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the parent company…
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Science & Tech
Facebook founder earns US$6.8 billion in one day
Mark Zuckerberg, the 37-year-old tech billionaire behind Facebook, the world’s largest social network, has seen his wealth surge by about US$6.75 billion in a day, placing him at a wealth valuation of $137 billion, according to data collated from Bloomberg Billionaire Index. The American entrepreneur’s wealth holdings is currently over 5 times more valuable than the eighth most valuable crypto,…
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Science & Tech
Facebook value hits US$1 trillion
SOCIAL media giant Facebook has hit US$1 trillion valuation following a dismissal of two antitrust lawsuits against the company. Facebook’s stock closed higher on Monday at $355.64 per share which contributed to the trillion-dollar valuation, Business Insider reported. The rise came after a United States court dismissed complaints by the Federal Trade Commission and a group of state attorneys generals…
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