Meta is axing Oculus, but there's good news too - NewsBreak

Earlier today, Facebook revealed that it's changing its name. Facebook, the corporation, will now be known as Meta. While Meta will continue to offer separate brands like Facebook, Instagram, and WhatsApp, the company will no longer share its name with its most popular app offering. As it turns out, this restructuring isn't just changing things at the corporate level, as Meta will also be retiring the Oculus brand.