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Meta and Luxottica parent company EssilorLuxottica declined to disclose sales on the line of products as of September 2022, though Meta has expressed satisfaction with its customer feedback. [22] [70] [71] In July 2022, Meta saw its first year-on-year revenue decline when its total revenue slipped by 1% to $28.8bn. [72]
In December 2021, Meta Financial Group sold its "Meta" trademark to Facebook's parent company (now called Meta Platforms) for $60 million. The agreement required Meta Financial Group to phase out the trademark within one year. [3] In March 2022, the financial services company announced it would change its brand to Pathward. [36]
Meta also purchased the defunct company ConnectU in a court settlement and acquired intellectual property formerly held by rival Friendster. The majority of the companies acquired by Meta are based in the United States, and in turn, a large percentage of these companies are based in or around the San Francisco Bay Area .
Meta Financial Group will also change its name to Pathward Financial Inc. by the end of the year. More: Facebook's parent company Meta Platforms buys Sioux Falls' MetaBank names and rights for $60 ...
Meta will pay Donald Trump roughly $25 million as part of a settlement agreement resolving a 2021 lawsuit brought after the company suspended the president’s Facebook accounts.. Trump filed the ...