Breaking News - Facebook changes its name to Meta in major rebrand

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Facebook has changed its name to Meta as part of a major rebrand.

The company, which announced the change at its annual developer conference, said it would better "encompass" what the firm now does.

It also revealed plans for a metaverse - an online world where people can game, work and communicate in a virtual environment, often using VR headsets.

The name change follows a series of negative stories about Facebook, based on documents leaked by an ex-employee.

Frances Haugen has accused the company of putting "profits over safety".

In 2015, Google restructured its company calling its parent firm Alphabet, however, the name has not caught on. 

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