Arab Press

بالشعب و للشعب
Friday, Apr 26, 2024

‘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.


Newsletter

Related Articles

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×