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Facebook Finally Renamed As Meta

Facebook has changed the name of its company to Meta.

Social network founder Mark Zuckerberg announced that it is the new name of Facebook’s parent company.

The name change or rebranding is also intended to highlight the importance of metavars on social media networks, which Mark Zuckerberg called the future of the Internet.

After this change, Facebook site or app is no longer the center of this company but has become a sub-branch like Instagram and WhatsApp but the name of the social network will remain Facebook.

Mark Zuckerberg will be the CEO and chairman of Meta, meaning he will have full control.

The new name basically reflects the changes taking place within the company, and a few days ago, Mark Zuckerberg announced that he would spend 10 billion on Metavers in 2021 alone.

“Today we are seen as a social media company, but we are a company that connects people,” Mark Zuckerberg said during the company’s virtual and augmented reality conference in Connect. Technology is developing.

“Together we can bring people to the center of technology, and together we can build a larger economy,” he said.

“Right now our brand is firmly attached to a product (Facebook), but over time we are expected to be seen as a meta-versa company,” he said.

Mark Zuckerberg said: “I thought a lot about our identity at the beginning of the new chapter. Facebook is one of the few most used products in the history of the world. It is an iconic social media brand. But that doesn’t reflect everything we do. ”

Mark Zuckerberg said the new name was derived from the Greek word meta, which means “on the other side or beyond.”

Mark Zuckerberg also owns the tameta Twitter account and meta.com, a redirecting URL to Facebook’s welcome page.

The name change comes at a time when Facebook’s reputation has been hit by a series of revelations in recent days, and apparently aimed at a possible restoration of its reputation.

A recent report by The Verge reported that the rebranding would introduce Facebook’s social media app as one of several products under a parent company that oversees Instagram, WhatsApp, Oculus and others.

Keep in mind that it is not uncommon in Silicon Valley for companies to change their names because they do so to expand their services.

Google founded Alphabet Inc. in 2015 as a holding company to move beyond its search and advertising business, with various other projects ranging from its autonomous vehicle units and health technology to the provision of Internet services in remote areas. To monitor

According to the report, the site’s rebranding initiative will reflect Facebook’s focus on building an so-called Metavers, an online world where people can use a variety of tools to move and communicate in a virtual environment.

Now Mark Zuckerberg, referring to the rebranding, said that the company’s corporate structure will not change, but the method of reporting financial results will certainly change.

He said that from the fourth quarter of 2021, we are planning to compile the report of 2 sectors, Family of Apps and Realty Labs.

He said today’s announcement would not affect the way share data is used.

Mark Zuckerberg also unveiled a number of new social, gaming and workplace concepts related to metaverse.

 

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