FB accouncement

@iamonfire696

Just announcing what EVERY media site is saying. Take it up with all of them as well as Zuckerberg himself!

https://www.usatoday.com/story/tech/2021/10/28/facebook-meta-name-change-metaverse-instagram-whatsapp-zuckerberg/6180303001/

@DeWayfarer I just read a Washington post article that says it wasn’t. Will be weird to not call it Facebook.

@iamonfire696 it's the company that owns ALL of those sites that is changing its name!

Likely they eventually will have the same exact policies like their TOS!

@DeWayfarer I know that

@iamonfire696 Typically when a company changes it's name, they are trying to escape a bad reputation.

Like how "second chance" car lots or bad apartment complexes change their names sometimes.

@Punches yah they are trying to escape the privacy leakS

@Punches I kind of know were he is going with this. You see even google it self change it main corporate name to Alphabet. Yet kept google search engine name the same. Basically he is restructuring the main corporation with a different outlook.... the "Metaverse" being the outlook.

It's also why I mentioned to look forward to Meta acquiring a few other companies.

Alphabet now has acquired 95 different companies. Each one is quite different though.

Zuckerberg probably wants to keep it in the website arena.

@DeWayfarer So eventually the that evil b@stard wants to own the entire internet and maybe the entire planet?

@Punches emulating Google. Yep! 🤷‍♂️

@DeWayfarer I was going to ask why one of them doesn't just buy out the other but it looks like they are both worth about a trillion dollars so I guess that would not be feasible

@Punches Google is worth far more than that.

Have a good look at Google's corporate structures. Pretty nasty of those two to manuever the stock holders that way!

And they'll be in control the rest of their lives no matter how few shares they either have.

@DeWayfarer I always though stocks were for nothing more than to artificially boost a company's net worth. I mean if a company files chapter 11, don't the shares become worthless?

You would not think something like that would ever happen with big places but anyways.

@Punches no. Actually depends on what kind of stocks. And that is exactly how Google cheated their own stock holders.

You see they outted many stock holders have in case of any kind of bankruptcy is in "prefered stocks.

Yet the way google is structured there can never be any prefered stocks.

Prefered stocks get what is left before bankruptcy can be declared.

@DeWayfarer So then with Preferred stocks, one cannot lose or is at least unlikely?

If that is the case, why would people buy stock in a company where the stock is risky?

Also, I know little to nothing about all this really, not even trying to pretend to know, just had random thoughts.

@Punches prefered stocks are not worth as much. And only make sence when you are certain a company is going to go under. Another benefit is they get dividends.

Yet common stocks do not get dividends yet often do good when the company is doing good.

Often investors buy both common stocks as well as prefered stocks just to hedge their bets.