On 8 January 2020, Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex, announced on Instagram their decision to "step back as 'senior' members" of the British royal family, split their time between the United Kingdom and North America, become financially independent, and only represent the monarchy on a reduced basis. The decision was dubbed Megxit, a portmanteau of the words "Meghan" and "exit" and a play on the term Brexit. The term was adopted globally on mainstream and social media, spawning various Internet memes and "Megxit" merchandising.