Arizona-based PC developer who applied to register Meta’s trademark says Facebook could buy the name for $ 20 million

In short: Changing the company name to Meta for Facebook could cost the company more than expected. An Arizona firm called Meta PCs, which sells laptops, accessories and specialty devices already used under the Meta brand in August, but is willing to sell it to Zuckerberg and the company. for $ 20 million.

Last week Facebook confirmed the name change rumors. While the social media platform retains the Facebook brand, the company itself is now called Meta, after the idea of ​​the VR / AR metaverse that Zuckerberg has been talking about for a while.

But Meta / Facebook could face challenges beyond the name change, as it won’t distract people from a lot of recent negative press coverage. According to the document provided TMZ, Firm Arizona Meta PC registered the trademark for the Meta name in August, just over a year after the start of trading.

Meta PCs co-founder Zach Shutt told The keeper that the company was incorporated last November and no one on the team knew of Facebook’s plans to rebrand to Meta until last week. Both Shutt and co-founder Joe Darger say they won’t sell the name for less than $ 20 million.

A TMZ source said Facebook believes they have the necessary rights to acquire the name and noted that Meta PCs’ trademark petition has yet to be granted. There are also many legal loopholes that a multi-billion dollar company like Facebook can take advantage of when needed, such as filing in another country and using that date to file in the United States.

In a mocking tweet, Shutt posted a video similar to Zuckerberg’s, in which the billionaire announced a name change. In the Shutt video, he states that Meta PC is “now Facebook.”

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