Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

‘Hands off our META’: Facebook stole new name from left-wing Athens think tank, says ex-Greece finance minister Varoufakis

‘Hands off our META’: Facebook stole new name from left-wing Athens think tank, says ex-Greece finance minister Varoufakis

Former Greek Finance Minister Yanis Varoufakis waded into the hubbub around Facebook changing its corporate name to ‘Meta’, accusing Mark Zuckerberg of “borrowing” the new title from the moniker of an anti-capitalist think tank.

In a series of tweets on Friday, Varoufakis told the Facebook founder to keep his “hands off our mέta” – referring to the Athens-based ‘Centre for Postcapitalist Civilisation’. The non-profit research center lists the Greek MP on an advisory board that includes scholar Noam Chomsky, musician Brian Eno, filmmaker Ken Loach, economist James K. Galbraith, and philosopher Slavoj Žižek.

Established in 2020, the think tank’s mission statement says it works through “art and research, argument, and poetry” to “break with a dystopic present” by aiding “radical progressive movements.”

“You, and your minions, wouldn’t recognize civilization even if it hit you with a bargepole,” tweeted Varoufakis, who added separately that the big tech firm helps create the current dystopian reality.


Varoufakis also accused Zuckerberg of having previously “borrowed” the name of his Democracy in Europe Movement 2025 (DiEM) movement to rebrand his cryptocurrency. Facebook’s under-development cryptocurrency was originally named ‘libra’ but renamed as ‘diem’ last year.


Zuckerberg announced his ambitious plans for the creation of a virtual “metaverse” last week amid a spate of negative press coverage linked to whistleblower Frances Haugen’s allegation that the Silicon Valley giant prioritizes “profit over people.” He renamed the parent company of Facebook, Instagram and WhatsApp as ‘Meta’ effective immediately.

The rebranding elicited both support and ridicule on social media, including from several influential figures and even popular fast food chain Wendy’s. It also spawned a variety of memes – at least one of which played on the new title to suggest another less obscure Greek connection for the name: the famous ‘Feta’ cheese.


While some social media users dismissed Varoufakis’ claims as “narcissistic” and “delusions of grandeur,” many commenters appeared to agree that the similarities between the two instances of renaming looked “almost like it was on purpose.”

In response to Varoufakis’ tweets, another Greek organization Metabook – which described itself as the “largest marketplace of used books” in the country – claimed that its name was one of those that Facebook had “shortlisted.” It added that while the tech giant “finally cut the ‘book’ part,” it “kept our logo.” Both logos feature a variation of the infinity loop symbol.


Most, however, said that claiming “ownership” or having some sort of “trademark” over a word that is part of the common parlance today was “stupid” — while others were sure that the renaming was simply part of a plan to “divert” some of the bad press away from the company.


AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×