“As it turns out, changing Facebook’s brand to Meta required sunsetting an identically-named academic software company that was acquired by the Chan-Zuckerberg Initiative….
Meta is a Canadian scientific literature analysis company that was founded in 2009, bought by the Chan-Zuckerberg Initiative (CZI) in 2017, and on the day of Facebook’s rebrand the Initiative announced it will shut down by 2022. Meta was the first acquisition of the Chan Zuckerberg Initiative, and controls the URL meta.org. Notably, Facebook—er, Meta—owns meta.com….
In a statement explaining why its reasoning for shutting Meta, CZI alluded to “focusing” the energies of its staff, bringing “immediate value” and “greater opportunity for outsized impact” to the table. …”