Facebook changes its name to Meta

Facebook changes its name to Meta

As part of a big redesign, Facebook has changed its company name to Meta.

As it expands its influence beyond social media and into areas like virtual reality, the firm says it will better “encompass” what it does.

The shift solely affects the parent business, not the individual platforms, such as Facebook, Instagram, and Whatsapp.

Following a succession of unfavourable headlines about Facebook based on papers obtained by an ex-employee, the company has taken this step.

Frances Haugen has charged the firm with prioritizing “earnings over safety.”

Google restructured its corporation in 2015, renaming its parent company Alphabet, but the name has yet to catch on.

After announcing intentions to construct a “metaverse” – an online world where people may game, work, and chat in a virtual environment, frequently utilizing VR headsets – Facebook CEO Mark Zuckerberg unveiled the new name.

He claimed that the current brand couldn’t “reasonably represent everything that we’re doing today, let alone in the future,” and that it needed to be updated.

“I hope that we are seen as a metaverse firm over time,” he said at a virtual conference. “I want to anchor our work and our identity on what we’re striving towards.”

“We’re now looking at and reporting on our business as two different segments, one for our family of apps, and one for our work on future platforms.

“And as part of this, it is time for us to adopt a new company brand to encompass everything that we do to reflect who we are and what we hope to build.

“I am proud to announce that starting today, our company is now Meta.”

To the untrained eye, a metaverse may appear to be a virtual reality simulation, but some believe it is the internet’s future.

People in the metaverse could utilize a headset instead of a computer to access a virtual world that connects all kinds of digital surroundings. It is envisaged that the virtual world will be used for a variety of purposes, including work, recreation, and concerts, as well as socializing with friends and family.

Source: Richard Mensah Adonu | Join our Telegram Group

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