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Computer Company Called Meta Wants $20 Million From Facebook For Their Name

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Computer Company Called Meta Wants $20 Million From Facebook For Their Name

A computer company called Meta could be about to have a very big payday if their demands are met.

Meta PC sells computers, laptops, tablets, and software and they've been in the industry for more than a year, according to TMZ.

They've filed a trademark for the name, which hasn't been officially approved just yet, and now they've found themselves in a David vs Goliath fight.

Facebook CEO Mark Zuckerberg recently revealed his company will be rebranding to Meta to incorporate all the other things they've been doing aside from social media.

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The big question will be on who gets the official trademark, despite Meta PC filing it ages ago.

Founders Joe Darger and Zack Shutt have offered an olive branch to Mark Zuckerberg and said they will happily hand over the rights to the name for a fee.

What kind of price does a name carry? Well, according to Darger and Shutt, they'll take $20 million.

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Who knows whether their offer is legitimate and whether it gets the attention off Zuckerberg and his corporate pals.

Considering Facebook's market value is more than $1 trillion (yes, with a T), $20 million is a literal drop in the ocean for Facebook.

But it's not all bad news for Meta PC as Facebook's rebrand saw their following on social media explode by a casual 5,000 per cent. Not too shabby for doing nothing.

But Meta PC isn't the only one with that name.

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Credit: Alamy
Credit: Alamy

Canadian-based Meta Materials is unrelated to the social media giant, but its shares rose more than 30 percent on the Nasdaq following Facebook's big announcement last week.

The stock was up five percent, at $4.79 (£3.48), in premarket trading last Friday (October 29), with nearly one million shares changing hands, CNBC reports.

Meta Materials is a material science based company, which, according to its website, creates technology that is used for things such as 'transparently blocking a specific colour of light, or invisibly heating a window in a car'.

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It's not known if the boost to its shares are a case of mistaken identity or if it's being snapped by 'meme stock investors'.

In an interesting twist to an already pretty weird tale, Meta Materials revealed it will be joining augmented reality experts from Facebook Reality Labs to take part in a panel discussion on 'AR Eyewear Engineering Challenges and the Role Advanced Optical Materials Could Play'.

Topics: News, Facebook

Stewart Perrie
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