Facebook gets a new parent company called Meta. Meta is the parent company of Facebook, Instagram, Messenger, Whatsapp.

Meta is a technological company that helps people connect, find communities and grow businesses. Meta will move further into the 3D and Virtual reality world. The company will try to make people’s connectivity much more immersive.

According to the company’s CEO, Mark Zuckerberg, Meta will venture into immersive (virtual reality) gaming, fitness, commerce, social connection, education and entertainment. 

The company will be trading under a new stock name called MVRS on December 1st.