Facebook becomes ‘Meta’, Microsoft takes Apple crown and an introduction to RightForge


These are just a few of the main things happening in the tech industry. Last week that also included a list of earnings reports from several industry leaders.

Let’s start with Facebook (FB). Or, as it will soon be called Meta. At least that’s what Mark Zuckerberg said would be the new corporate name for the entity which encompasses Facebook, Instagram, WhatsApp, Oculus and everything else in the Meta “Metaverse”.

Facebook becomes Meta. Apple puts its crown back on. And the world has become familiar with something called RightForge.

Needless to say, there have been many reactions to Facebook (FB) adopting a new name, not least of which is how Facebook (FB) becoming Meta will change the ever popular acronym FAANG. , which, along with Facebook, includes Amazon (NASDAQ: AMZN), Apple (AAPL), Netflix (NASDAQ: NFLX), and Google (GOOG, GOOGL). We had more than a few colorful suggestions presented to us here at Seeking Alpha.

Speaking of missing sales estimates… Apple (AAPL) achieved fourth quarter sales below Wall Street forecasts, largely due to a $ 6 billion impact of shortages in its supply chain . Apple also said it expected to see a larger effect from component shortages in the last three months of 2021.

In general, the discussion of the Meta name was so widespread that it was almost enough to make people forget that Facebook (FB) reported quarterly sales that exceeded expectations for the first time in three years.

Summary of the news:

  • Facebook becomes ‘Meta’, Microsoft takes Apple crown and an introduction to RightForge
  • Check out all the news and articles about the latest security updates.
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