Sina Technology News On December 14, Beijing time, Meta Platforms Inc is the parent company of Facebook, and the latest news shows that Meta spent $60 million to purchase related trademark assets from the US regional bank Meta Financial Group.
$60 million is not a decimal, which proves what the Meta name means to Facebook. Meta seems to have assumed that the metaverse will catch on in the coming years, and then bring considerable returns to the company.
Documents filed by Meta Financial confirm that a company from Delaware agreed to buy the global rights to the corporate name in cash for $60 million, with an acquirer named Beige Key LLC. But it did not reveal who the owner of Beage Key LLC is.
A Meta Platforms spokesperson said: "Beige Key is a subsidiary of ours and we have indeed acquired trademark assets. A MetaBank spokesperson also confirmed that Meta Platforms is involved in the transaction.
Meta Financial has a subsidiary called MetaBank, which provides savings, loans, credit cards, business loans and other businesses. Meta Financial works with many institutions, such as government agencies and fintech companies, to provide them with banking services.
In October, Facebook announced that the parent company had changed its name to Meta Platforms. Meta has invested heavily in VR and AR, and it believes that the metacosm will be the next stop on mobile networks.
The metacosmonic concept popped up at the earnings conferences of several companies in Silicon Valley, and its construction required corporate cooperation, and it is now at least 10 years before the metacosm is fully built.
According to a Meta Platforms spokesperson, there were discussions with Meta Financial before the company changed its name. Meta Platforms is currently valued at about $933 billion. (Xinghai)