this post was submitted on 25 May 2025
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They didn't admit anything ... and chances are it's another tactic to avoid admitting mistakes.
Companies change their legal names in order to skirt or move around and create legal loopholes. Changing your name means you can renegotiate and rearrange past agreements or legal restrictions under the old name. By changing names, you've created a way to dump your old problems and avoid any responsibility.
They changed their name not because they admitted a problem, they changed their name to avoid having to deal with the problem.
You're confusing changing a business name with forming a new corporation.
All that name changing really does is hopefully (from the company's perspective) make people forget how shitty they were under the old name. It's still the same legal entity, though.
Like TWC changing to Spectrum or Comcast to Xfinity.