Facebook has decided on a new name for the company – it will now be called “Meta”. Facebook CEO, Mark Zuckerberg has announced a new change, the biggest rebranding ever!
The name suggests his futuristic plan to create a virtual universe of all humans.
Let’s discuss the new name of Facebook and the intention behind it!
Facebook is now the Metaverse! find out why?
We recently reported that the rebranding would position Facebook’s social media app as a product under a parent company that already oversees groups like Instagram, WhatsApp, Oculus and others. It will also focus on Facebook’s focus on building “the metaverse.” According to Zuckerberg, Facebook no longer fully encompasses everything the company does, which is one of the reasons for the name change. “Effectively transitioning us from what people see primarily as a social media company to being a metaverse company,” he said in July.
Instagram, WhatsApp will come under Metaverse
The concept refers to an online world where people can use a variety of devices to move and communicate in a virtual environment. In other words, the metaverse consists of virtual, interactive spaces in the digital world. It can be imagined as a virtual universe in which users will live, work and exercise. They can also create and explore with other people who are not in the same physical space. He confirmed that the company plans to report on two operating segments: Family of Apps and Reality Labs. All social media apps, Facebook, Instagram, and WhatsApp will remain under the meta umbrella. It is not uncommon for companies in Silicon Valley to change their names when expanding their services. One such example is Google; It established Alphabet Inc. as a holding company in 2015 to expand beyond its search and advertising businesses.