Facebook’s new name is Meta. This means they are a company that builds technology to help people connect with each other. With this, people can be at the center of their technology. There will be a bigger creator economy because of this.
He said the name Facebook doesn’t fully show what we are. He wants to show that Facebook does more than just one thing, and he thinks it will be seen as a company that does many things. He is hoping that in the future, people will see Facebook as a company that is doing many things.
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On October 19, The Verge reported that Facebook is changing. They r moving away from being just a social media company to becoming a metaverse company. In July, Mark Zuckerberg explained that Facebook would be transitioning over the next few years into an organization that builds virtual reality.
Zuckerberg said that Facebook is changing how it reports its financials. They will start reporting on two different segments – Family of Apps and Reality Labs. Facebook will also start trading with the new stock ticker MVRS, starting on December 1. This does not affect how we use or share data.
FB has been under a lots of scrutinies recently. After people find out about what Facebook does, they might not want to use it anymore. The company could be broken into different companies because people do not trust it anymore.
Here Is Facebook Offical Tweet
Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection. pic.twitter.com/ywSJPLsCoD
— Facebook (@Facebook) October 28, 2021