Comment by giantrobot

5 days ago

They changed the name of the company to distance themselves from a number of scandals including Cambridge Analytica, COVID vaccine misinformation, and sitting on studies about teen mental health and social media use.[0]

[0] https://www.bbc.com/news/technology-59083601

Not sure why you're downvoted but I absolutely do think that they changed their name for better branding. I also think they were involved in a number of antitrust lawsuits so renaming their company to Meta says "see, we're the underdog in this new big VR industry, we're not a monopoly".