Facebook Renames Itself Meta In Rebranding Exercise
San Francisco: CEO Mark Zuckerberg announced his company Facebook has changed its corporate name to Meta.
“To reflect who we are and the future we hope to build, I’m proud to share that our company is now Meta,” he said on Thursday.
Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses, the company said in an announcement.
“The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can’t be together — and do things together you couldn’t do in the physical world,” it said.
According to the announcement, it’s the next evolution in a long line of social technologies, ushering in a new chapter for the company.
The former Facebook sign now reads Meta Vjeran Pavic The Verge |
“The next platform will be even more immersive — an embodied internet where you’re in the experience, not just looking at it. We call this the metaverse, and it will touch every product we build,” Zuckerberg wrote in a founder’s letter.
“From now on, we will be metaverse-first, not Facebook-first. That means that over time you won’t need a Facebook account to use our other services,” he added.
|
Zuckerberg owns the Twitter handle @meta (whose tweets are protected as of this writing) and meta.com, which now redirects to a welcome page on Facebook outlining the changes. The site previously redirected to meta.org, a biomedical research discovery tool that was a project of the Chan Zuckerberg Science Initiative. That’s part of the philanthropic arm Zuckerberg co-founded with his physician wife, Priscilla Chan, in 2015. In a Medium post on Thursday, the group says it’s sunsetting Meta.org on March 31st, 2022.
As The Verge first reported on October 19th, the rebrand is part of the company’s efforts to shift gears away from being known as just a social media company and focus on Zuckerberg’s plans for building the metaverse. In July, he told The Verge that over the next several years, Facebook would “effectively transition from people seeing us as primarily being a social media company to being a metaverse company.”
Zuckerberg wrote in a blog post Thursday that the company’s corporate structure would not be changing, but how it reports financial results will. “Starting with our results for the fourth quarter of 2021, we plan to report on two operating segments: Family of Apps and Reality Labs” he explained. “We also intend to start trading under the new stock ticker we have reserved, MVRS, on December 1. Today’s announcement does not affect how we use or share data.”
According to Zuckerberg, the world is at the beginning of the next chapter for the internet, and it’s also the next chapter for the company.
The company confirmed that its corporate structure is not changing. However, starting with financial results for the fourth quarter of 2021, the company plans to report on two operating segments: Family of Apps and Reality Labs.
Zuckerberg expressed his hope that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers.
What is the metaverse, and do I have to care?
Facebook has been under intense scrutiny over the past several weeks, after revelations based on damning internal documents provided to the Wall Street Journal by whistleblower Frances Haugen showed, among other things, that Facebook’s Instagram platform had become a toxic place for teenagers, especially girls. And antitrust regulators are pushing for the company to be broken up, as public trust in the social media platform is flagging.
References:
theverge.com - By Kim Lyons @SocialKimLy
goachronicle.com - GC NewsDesk
qz.com - By Scott Nover
Support Us
Satyagraha was born from the heart of our land, with an undying aim to unveil the true essence of Bharat. It seeks to illuminate the hidden tales of our valiant freedom fighters and the rich chronicles that haven't yet sung their complete melody in the mainstream.
While platforms like NDTV and 'The Wire' effortlessly garner funds under the banner of safeguarding democracy, we at Satyagraha walk a different path. Our strength and resonance come from you. In this journey to weave a stronger Bharat, every little contribution amplifies our voice. Let's come together, contribute as you can, and champion the true spirit of our nation.
ICICI Bank of Satyaagrah | Razorpay Bank of Satyaagrah | PayPal Bank of Satyaagrah - For International Payments |
If all above doesn't work, then try the LINK below:
Please share the article on other platforms
DISCLAIMER: The author is solely responsible for the views expressed in this article. The author carries the responsibility for citing and/or licensing of images utilized within the text. The website also frequently uses non-commercial images for representational purposes only in line with the article. We are not responsible for the authenticity of such images. If some images have a copyright issue, we request the person/entity to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. and we will take the necessary actions to resolve the issue.
Related Articles
- Are We Alone in the Universe? NASA hints at the possibility of extra-terrestrial life, wants to establish New framework
- China's 39 Air Force aircraft breached the air defence zone of Taiwan on Sunday as the largest incursion in Taiwanese territory since Oct 2021: Aggression of Communist regime continues
- Anti-virus software pioneer John McAfee hangs himself in a Spanish jail, old tweets spark conspiracy theories
- Trump blasts Fauci after release of Covid-19 emails, says it vindicates his ‘lab origin’ theory and demands China pay $10 Trillion
- 'Badhai ho India': India crosses one billion vaccination milestone
- Explained: China’s Village Construction In Bhutan’s Territory And What It Wants To Achieve With This Creeping Invasion
- Ten most compelling evidence of Extraterrestrial existence from 2020
- To hold talks with the western world on ‘Human Rights’ and ‘International assistance’ Taliban Delegation reaches Norway: Norwegians clears that this does not imply recognition of the Taliban govt
- A plea has been filed with Delhi High Court by DSLSA for recovery of a fine of Rs 20 lakh imposed on Bollywood actor Juhi Chawla for filing a case opposing the rollout of 5G technology
- Pakistan has repeatedly raised concerns about atrocities on Muslims anywhere in the world, but joined China in the exploitation of Uyghur Muslims in Xinjiang: China has done large investments in Pakistan