Facebook changes company name to Meta, ambitions virtual universe “Metaverse”

At the Facebook Connect event at 0:00 on October 29, Mark Zuckerber, CEO of famous social media platforms (Facebook, Instagram and WhatsApp) announced the company’s name change event from Facebook to Meta. The new brand promises an important transformation of Facebook Inc to the potential of the “metaverse” in the future.

Speaking at Facebook’s augmented and virtual reality conference, CEO Mark Zuckerberg Official event announcement Facebook changes company name to Meta. Accordingly, the new name Meta will become the parent company, the old brands and companies that own the social networking platforms Facebook, Instagram, Oculus and WhatsApp will become subsidiaries under and continue to operate under the old name. . Mark Zuckerberg continues to hold the position of Chairman and CEO of the newly founded company.

Facebook rebranding, event announcement Facebook changed company name to Meta

The restructuring and renaming of Facebook’s company is seen as an ambition to move Mark Zuckerberg from old social media empires to products. Metaverse (virtual multiverse/digital universe).

Learn more: What is Metaverse

Appearing in many science fiction books and movies, the Metaverse (virtual multiverse) is understood as the convergence of both the real world, the virtual world (VR) and augmented reality (AR). According to Mark Zuckerberg’s description, Metaverse is considered a 3-dimensional virtual space where users can play video games, watch movies, attend concerts, collaborate with colleagues, and gather friends through VR headset without leaving their living room.

If you do not understand the VR world and AR augmented reality well, you can learn here:
– Virtual reality technology VR
– Virtual reality technology AR

Some important quotes from Mark Zuckerberg during the Facebook renaming event:

“Today, we’re seen as a social media company, but in our DNA we’re a company that builds technology to connect people, and the metaverse is the next frontier like social networking. guild when we started,”

“At the moment, our brand is so closely associated with a product that it can’t represent all of what we’re doing today, let alone in the future.”

“And as part of this, it’s time for us to adopt a new corporate brand to encompass everything we do, reflecting who we are and what we hope to build.”

Through his keynote, Mark Zuckerberg indicated that augmented and virtual reality will be an important part of their strategy in the years to come. And the new name Meta also conveys the important mission that, over time, users will no longer need to use Facebook to use other services of the company.

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With event change Facebook name to Meta this time, the company is also changing its stock ticker from “FB” to “MVRS” effective December 1st. Meta’s share price also increased shortly after the conference ended.