When Facebook changed its name to Meta in October, some worried that the company was planning to dominate the nascent metaverse — but one disgruntled party is only now coming forward meta stock price.
META (or Meta.is), an installation-art company, announced on Tuesday that it will Meta stock (or Facebook) for trademark infringement, suing that Zuckerberg’s name change violated the smaller company’s established brand meta facebook.
“On October 28, 2021, Facebook seized our META mark and name, which we put our blood, sweat, and tears into building for over twelve years,” reads a post on the smaller company’s site. “Today, after eight months of trying in good faith to negotiate with Facebook, we were left with no choice but to file a lawsuit against them.”
“the inextricably linked toxicity of Facebook””
(Disclosure: The collaborated with Meta.is on several art installations at the 2016 Panorama Festival.) To make this post more understandable, facebook share price we’ll refer to the billion-dollar social media company as Facebook and the smaller augmented-reality company as Meta.is; neither side’s legal claims are supported.)
Much of the case is made on Facebook’s numerous privacy scandals, which Meta.is claims make it impossible to share the name. The complaint claims that “Meta can no longer provide goods and services facebook shares under the META mark” because “consumers are likely to mistakenly believe that Meta’s goods and services emanate from Facebook and that Meta is associated with the toxicity that is inextricably linked with Facebook.”
Meta.is has a valid trademark for the name, Meta is suing Meta for the facebook meta but it may face an uphill battle in court, given the wide range of trademark applications Facebook has made since the name change became official — including separate marks for messaging, social networks, and financial services. There are also several trademarks claiming the Meta name for non-tech products, such as a hard seltzer and a prosthetic limb manufacturer.
Meta / Facebook did not respond immediately to a comment request.