Meta Platforms Inc (NASDAQ:FB) has been served with a lawsuit for allegedly stealing its name following its switch to the metaverse.
MetaX LLC, a company that creates virtual reality experiences, filed the lawsuit in a Manhattan federal court on Tuesday.
According to Reuters, MetaX told the court it had been “crushed” by Facebook’s rebrand to Meta last October and said its “ability to operate as Meta has been eviscerated.”
Justin Bolognino, the founder of MetaX said in a statement that Meta had “not only put our business in jeopardy, but that of the entire industry and the intellectual property rights of the innovators that have helped build it.”
It also requested a court order that blocks the social media company from using ‘Meta’ for goods and services that overlap with MetaX’s as well as an unspecified amount of money damages.