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Facebook changes name to Meta

October 29, 2021

Facebook changes name to Meta

Facebook Inc is now called Meta, the organization said Thursday, in new branding that focuses on investing into the “metaverse”, a shared virtual environment that we bet will be the Internet’s successor. mobile.

The name change comes as the world’s biggest social media organization battles criticism from lawmakers and regulators over its market power, algorithmic decisions and policing abuse of its services.

CEO Mark Zuckerberg, talking at the organization’s live-stream virtual and augmented reality conference, said the new name reflects his ambitions to build the metaverse, rather than his namesake social media service, which will continue to be called Facebook.

The metaverse is a term coined in the dystopian novel “Snow Crash” thirty years ago that is now gaining a buzz in Silicon Valley. It generally refers to the idea of a shared virtual domain that can be accessed to by individuals utilizing different devices.

“Right now, our brand is so intently attached to a product that it can’t address all that we do today, let alone in the future,” Zuckerberg said.

The organization, which has invested heavily in augmented and virtual reality, said the change will bring its various applications and technologies together under a new brand. He said he would not change his business structure.

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