Why? Mark Zuckerberg changed the name of facebook to ‘Meta’ . Read the full story to know about it’s reason.
Thursday announced that the parent company name is changed to ‘Meta’to represent future beyond just it’s troubled social network .The name change comes as the company faces criticisms from lawmakers and regulators for it’s algorithmic decision and policing abuses on the platform.
CEO Mark Zuckerberg speaking at the company’s live streamed virtual and augmented reality conference said the new name augmented the reality it’s focus on new building of metaverse.
“Right now our brand is so empowered to one product that it can’t possibly represent everything that we are doing today ,let alone in the future. We’ve learned a lot by struggling with social issues and living under close platforms and now it is time to take everything that we’ve learned and help the next chapter, ”Zuckerberg said.
• The names of apps to remain same
The tech haunt said the change would bring together it’s different apps and the technologies under one new brand. It said that it would not change its corporate structure . The names of the apps that it builds – Facebook, instagram, whatsapp and messenger would remain same . The metaverse was first coined by a dystopian novel three decades ago and now attracting the buzz in Silicon Valley using the idea of virtual environment which can be accessed by people by using different devices.
• New symbol
The company unveiled the new sign at its quarters at new Menlo Park, California, Thursday replacing thumps up “Like”logo with blue infinity shape.
Skeptics point out that name change to be an attempt to change the subject from Facebook Papers ,leaked document trove that has revealed the way of facebook ignored the internal reports and warnings that harms it’s social network created for magnified across the world.
Zukerberg said he expects that metaverse to reach billion people in next decade.
By Line: Divya Thearia