Meta trademark booked, Facebook may have to pay $20 million for the name

Written by on November 3, 2021

Fb’s transition to Meta will not be so simple as making an announcement. Whereas Fb CEO Mark Zuckerberg has publicly introduced that the conglomerate of Fb-owned subsidiaries might be known as Meta, the corporate is but to achieve a trademark for its new identify. Apparently, that trademark has already been filed for by one other firm.

Meta PCs, an Arizona-based know-how agency, has crushed Fb to be the primary to file a trademark software for the identify “Meta.” The trademark has not been granted to the agency but however its software precedes that of Fb for the contested identify.

A report by TMZ highlights that the Arizona firm Meta PCs, which sells desktops, laptops and different pc associated equipment, had filed for the trademark software again in August. As per the Patents and Trademark Workplace, Fb filed for a trademark on Meta on October 28, a few months after the opposite agency.

TMZ reveals that the founders of Meta PCs, named Joe Darger and Zack Shutt, are prepared to surrender their software for the trademark. Nonetheless, the duo has reportedly requested for $20 million from Fb to take action, an quantity that can seemingly be spent on rebranding their very own firm and merchandise.

Fb, being one of many largest know-how corporations on the planet, can’t afford to not have its personal new identify trademarked. So, it’s seemingly that the corporate must take Darger and Shutt on their deal. In that case, the corporate must shell out huge bucks to acquire a trademark on the brand new identify. Nonetheless, there appears to be a workaround for this that may save the corporate from expense.

Citing sources, the TMZ report highlights that Fb might get its new moniker trademarked in spite of everything. It’s anticipated that each corporations could also be granted a trademark for the identify, contemplating that their companies are very totally different from one another.

Whereas this can be true for now, it’s simple to foretell a battle between the 2 someday sooner or later. Fb makes its personal VR gear below the Oculus (now Actuality Labs) model. If Meta PCs decides to foray into the phase with its product lineup, the 2 corporations might have a branding conflict in spite of everything.

Regardless, for now, Meta PCs appears to be having fun with Fb’s rebranding. The corporate has seen a surge of holiday makers on its social media accounts and even got here out with a video of its personal to poke enjoyable at Fb’s rebranding, joking that Meta PCs would now be known as Fb.

— to www.indiatoday.in

The post Meta trademark booked, Facebook may have to pay $20 million for the name appeared first on Correct Success.


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