financetom
Business
financetom
/
Business
/
Meta wins appeal of court order to stop using its name in Brazil
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta wins appeal of court order to stop using its name in Brazil
Mar 15, 2024 7:08 PM

SAO PAULO, March 15 (Reuters) - Facebook-parent Meta

on Friday won an appeal overturning a previous court

ruling that barred it from using its name in Brazil due to

confusion with another company.

Mark Zuckerberg's tech company was in late February ordered

to stop using its name in Brazil within 30 days after a

Brazilian computer services provider won a favourable ruling

arguing it already owned rights to the name and had as a result

of the U.S. branding been wrongly cited in over 100 lawsuits.

In a statement, the Brazilian Meta said it owned the

name's rights in Brazil, adding it believed the law should be

followed "regardless of business decisions made by groups that

want to operate in our country".

The company can still appeal the decision.

U.S. Meta, formerly called Facebook, changed its name in

2021 in a rebrand that focused on building the "metaverse," a

shared virtual environment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Japan PM Ishiba urges Biden to approve Nippon-US Steel deal, sources say
Exclusive-Japan PM Ishiba urges Biden to approve Nippon-US Steel deal, sources say
Nov 26, 2024
TOKYO (Reuters) - Japanese Prime Minister Shigeru Ishiba has sent a letter to President Joe Biden asking him to approve Nippon Steel's ( NISTF ) acquisition of U.S. Steel, to avoid marring recent efforts to strengthen ties between the countries, according to two sources familiar with the matter. Biden joined a powerful U.S. labour union in opposing the $15 billion...
US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive
US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive
Nov 26, 2024
LONDON, Nov 26 - U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil ( XOM ) said on Tuesday. We're not going to see anybody in 'drill, baby, drill' mode, Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence...
Market Chatter: Citigroup Cuts Planned Promotions Amid Overhaul
Market Chatter: Citigroup Cuts Planned Promotions Amid Overhaul
Nov 26, 2024
05:45 AM EST, 11/26/2024 (MT Newswires) -- Citigroup ( C ) is reducing the number of year-end staff promotions as part of long-term turnaround to rein in costs, the Financial Times reported Tuesday, citing people familiar with the decisions. Promotions could be reduced to as few as 2,000 employees from about 8,000 in previous rounds, the paper said. The change...
Factbox-US companies tweak diversity policies as challenges mount
Factbox-US companies tweak diversity policies as challenges mount
Nov 26, 2024
(Reuters) - Walmart became the latest U.S. company to cut back some diversity, equity, and inclusion (DEI) programs meant to boost racial and ethnic representation at workplaces against the backdrop of rising pressure from conservative groups. At least six major U.S. companies, including JPMorgan Chase, modified their DEI policies last year, according to a Reuters review of corporate statements. Here...
Copyright 2023-2026 - www.financetom.com All Rights Reserved