Facebook Inc. Changed Its Name To Meta Platforms Inc.
Social networking giant Facebook, Inc. (FB) has announced that, as of
Oct. 28, 2021, its parent company has been renamed and rebranded as
Meta. Meta Platforms, Inc., formerly known as Facebook, Inc. , is an
American multinational technology conglomerate holding company based in Menlo
Park, California. It is the parent organization of Facebook and its
subsidiaries.
According to CEO Mark Zuckerberg, the new name is supposed to reflect the
company's ambitions to be a leading player in the metaverse, which he says
will be the future of the internet. Mark Zuckerberg plans to build a
"metaverse" - an online world where people can game, work and communicate in a
virtual environment, often using VR headsets.
Zuckerberg says that he has been thinking about changing his company's name
since acquiring Instagram and WhatsApp in 2012 and 2014, respectively, but he
finally decided to make the change earlier in 2021.
"I think we're basically moving from being Facebook first as a company
to being metaverse first,"
he told tech-oriented website The Verge in a telephone interview in the
days prior to the announcement.
"I think that there was just a lot of confusion and awkwardness about
having the company brand be also the brand of one of the social media apps,"
he added.
He said the existing brand could not
"possibly represent everything that we're doing today, let alone in the
future",
and needed to change.
Meta builds technologies that help people connect, find communities, and grow
businesses. When Facebook launched in 2004, it changed the way people connect.
Apps like Messenger, Instagram and WhatsApp further empowered billions around
the world. Now, Meta is moving beyond 2D screens toward immersive experiences
like augmented and virtual reality to help build the next evolution in social
technology.
The word "meta" comes from the Greek word meaning
"beyond".
To an outsider, a metaverse may look like a version of VR,
but some people believe it could be the future of the internet.
Instead
of being on a computer, people in a metaverse might use a headset to enter a
virtual world connecting all sorts of digital environments.
It is
hoped the virtual world could be used for practically anything from work, play
and concerts, to socializing with friends and family.
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