Facebook’s plan to change its name to Meta may cause the social network company to pay an additional $20 million in costs. Meta
The founders of PC told the company that they were willing to hand over the trademark and name at this price.At the end of October just past, Facebook announced that it would change its name to Meta, as an umbrella company that controls Facebook and other businesses. Despite the announcement of the rebranding, the company did not seem to sew everything for a smooth transition.
The founder of custom PC manufacturer Meta applied for a trademark for the name on August 23, covering computer-related goods and services, including peripherals, servers, network equipment, laptops, tablets, and components. This is far before any rumors about Facebook switching to Meta.
The co-founders of Meta PC, Joe Dag and Zach Shute, told the media that the company has been in operation for a year, but waited until August to apply for a trademark. Meta PC’s trademark application has not yet been approved, but they are willing to give up the name to the social network in advance for a price of 20 million US dollars to cover the cost of rebranding.
However, whether Meta PC can get the money is another matter, because a source familiar with the matter said that Facebook believes that it has the necessary rights to use the “Meta” trademark for itself and does not require additional purchases. If Meta PC can indeed obtain the trademark in the future, the cost of obtaining the trademark for Facebook may become higher.
Currently, Meta PC is enjoying some benefits from rebranding announcements on social networks. As a result, its social media fans have soared by 5000%, which may lead to more PC sales.