Tech

Facebook has changed the company name to Meta, and CEO Mark Zuckerberg says he will focus on building the Metaverse.

Facebook Inc announced Thursday that it will change its brand name as Meta. This is a name change that will be made by the company to combat criticism from lawmakers and regulators about market power, algorithm decisions, and crackdowns on platform abuse.

Technology giants said the change would combine different apps and technologies into one new brand. The company said it would not change its corporate structure.

CEO Mark Zuckerberg spoke at the company’s Livestreaming Virtual and Augmented Reality Conference, saying the new name reflects the focus on building the Metaverse.

Metaverse, first created in a dystopian novel 30 years ago, is now a hot topic in Silicon Valley and broadly refers to the idea of ​​a shared virtual environment accessible to people using a variety of devices.

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Facebook has changed the company name to Meta, and CEO Mark Zuckerberg says he will focus on building the Metaverse.

Source link Facebook has changed the company name to Meta, and CEO Mark Zuckerberg says he will focus on building the Metaverse.

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