Facebook’s new corporate name is Meta, according to CEO Mark Zuckerberg, in an apparent attempt to recast the company’s public image from battered social network to tech pioneer focused on establishing the “metaverse,” the next generation of online connection.
The Facebook app, which is used by over 3 billion people every month all across the world, will remain its name.
Zuckerberg, addressing at the firm’s Connect virtual reality conference, says it’s time to rebrand the company to reflect its larger goals. Moreover, finally revealing Facebook name is changed to Facebook meta.
He stated, “It’s time for us to establish a new business brand that encompasses all we do.”
“From now on, we’re going to prioritise the metaverse over Facebook.” – Mark Zuckerberg says on changing name on Facebook.
This is happening seventeen years after Zuckerberg founded Facebook in his Harvard dorm room. However, the company’s reputation is in tarnish by a series of scandals. And yes, Facebook Mark Zuckerberg changes name.
It is ranging from Russian meddling in the 2016 presidential election to the Cambridge Analytica data privacy scandal, which broke in 2018, to last month’s damaging revelations from former Facebook employee turned whistleblower Frances Haugen.
In a dazzling video presentation, Zuckerberg revealed the new moniker, Meta, as an explainer about the metaverse.
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Moreover, it is a futuristic and ill-defined idea that has become a Silicon Valley buzzword in recent years.
Neal Stephenson, a science fiction writer, created the word “metaverse” in his novel Snow Crash, published in 1992. It’s a term often in use by enthusiasts to describe immersive virtual locations where individuals may play games. Also, go to concerts, meet up with friends, and purchase a variety of digital goods and services.
Mark Zuckerberg promised that the metaverse will have the same privacy standards. It will also have parental controls, and data use disclosures as his social network. Also, Facebook open graph will be important. Open graph is privacy assurance by Facebook.
Ads will continue to be an important element of our strategy throughout the social media parts of what we do. Moreover, it will probably be a substantial part of the metaverse as well. Quoted Zuckerberg during the company’s most recent earnings call.