yesterday, Facebook, which remains at the center of social media, released the expected statement. The name of the company has changed. The details are here:
Facebook made headlines last week when it announced that it is considering renaming itself to better reflect its metaverse plans. Meta was chosen as the new name because it resembles a roof. The logo for this company was chosen as shown above.
Mark Zuckerberg, the company’s CEO, is preparing to cover everything with the new brand, claiming that it has grown in scope in terms of new developments and the metaverse. Meta stands for “beyond,” and the firm provides a wide range of services.
A similar action was previously taken in the case of the roofing company, as you are aware. Google’s parent company, Alphabet, had been founded. This makes management easier, and Facebook is clearly taking advantage of it. The procedure, on the other hand, is described as a management and vision change.
Even though they will focus on the metaverse rather than Facebook, Mark Zuckerberg claims that Facebook will not go away. Facebook will now be a social media application/company, with Meta being the only one. Other apps will be included as well, such as Instagram’s meta name.
Facebook, so now Meta, seems very serious about the metaverse
Facebook recently announced its intention to hire 10,000 people from European Union countries to assist in the metaverse’s development. The metaverse is defined as a collective virtual shared space created by the convergence of virtually augmented physical reality and physically persistent virtual space, which includes all virtual worlds, augmented reality, and the Internet.
The metaverse infrastructure, which is important to CEO Mark Zuckerberg, is critical for the future, and other companies are working on it. Despite its history of acquiring competitors, Facebook has pledged to work together on the metaverse, arguing that it will not be built by a single company overnight.