Famous and well-known enterprises that were formerly known by various names!
If you want to change the name of your trading firm owing to a loss in revenue or changing consumer preferences, but you're hesitant to take risks, you might be able to learn about 10 popular organizations that have already done so!
Famous and well-known enterprises that were formerly known by various names!
1. WW
In 2018, the Weight Watchers organization was renamed WW in an attempt to distance itself from the program. The corporation wanted to change its emphasis to wellness and public health. CEO Mindy Grossman stated that the WW name was chosen to reflect the company's heritage, but it does not represent anything specific.
2. Meta
One of Silicon Valley's most important and well-known firms today. In 2021, the social media behemoth Facebook made news by changing its name to Meta. The Facebook app's original name has been kept, but it is now one of numerous firms under the Meta umbrella.
The move was meant to symbolize the company's departure from social media and into the domain of Metaverse. However, Facebook was also being scrutinized at the time. Many speculated that the name change was done to shield himself from unwanted press.
3. Subway
4. Altria
The tobacco corporation Philip Morris changed its name to Altria in 2003. The corporation said that the name change was done to assist customers in understanding that it offered more than only cigarettes. However, many people felt that the shift was a public relations maneuver to remove itself from the fact that it sells tobacco.
5. Google
Google changed its name to Alphabet in 2015, to use it as a holding company for all of its other ventures. The corporation took this action mainly to provide shareholders and investors with information about its many business ventures.
Not many people are aware, though, that this was not the company's first name change. BackRub was the company's initial moniker when it was founded in 1996. The creators gave up on this moniker by 1997 and changed it to Google.
6. Apple
Apple Computers was the name of the company when Steve Jobs, Ronald Wayne, and Steve Wozniak launched it in 1976. However, Jobs said in 2007 that the business would rebrand as Apple to concentrate more on consumer electronics.
7. Pepsi-Cola
8. Nike
9. eBay
eBay was first started under the moniker AuctionWeb by its creator, Pierre Omidyar. "Bringing buyers and sellers together in an honest and open marketplace" was the stated mission statement of the website.
10. Netflix
2011 saw an attempt by Netflix to divide its company into two parts: Qwikster would be the name of the DVD-by-mail service, while Netflix would provide streaming services.
Customers and investors, however, were not pleased with this move, and the company's price dropped precipitously. The business quickly underwent a total makeover and went back to using its original name and business plan.
