Parent company of Facebook NYT Crossword Clue

Parent company of Facebook NYT Crossword Clue

The Correct Answer and Explanation is :

The answer to the NYT crossword clue “Parent company of Facebook” is Meta.

Explanation: Meta Platforms, Inc., commonly known as Meta, is the parent company of Facebook. In 2021, Facebook made a significant rebranding move by changing its corporate name from Facebook, Inc. to Meta Platforms, Inc. This was part of a broader shift in the company’s focus toward building a new virtual reality space known as the metaverse. The metaverse aims to combine elements of virtual reality (VR), augmented reality (AR), and social media to create immersive digital environments.

Background of Meta: Before the rebrand, Facebook, founded by Mark Zuckerberg in 2004, was primarily known for its social media platform, Facebook. Over the years, the company acquired several other platforms, including Instagram in 2012 and WhatsApp in 2014, expanding its reach and influence in the digital space.

In 2021, Zuckerberg announced that Facebook would focus on the metaverse, a digital universe where people can interact through avatars in virtual worlds. To reflect this new direction, the company was rebranded to Meta, while the social media platform Facebook itself remains a product under the larger Meta umbrella. Other services like Instagram and WhatsApp also continue to operate as separate brands under Meta’s ownership.

Meta’s goal with the metaverse is to create a fully immersive digital environment that could potentially revolutionize how people interact with technology, shop, work, and socialize. Despite this bold vision, the company faces significant challenges in terms of technological development, privacy concerns, and user adoption.

Thus, the crossword clue “Parent company of Facebook” refers to Meta, which represents both the new vision for the company and its broad portfolio of products beyond just the Facebook platform.