Read more about Facebook changes name to Meta as it refocuses on virtual reality on Business Standard. The new name reflected its ambitions to build the metaverse, rather than its namesake social media service, said CEO Mark Zuckerberg
Facebook changes name
to Meta as it refocuses on
Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on
its ambitions building the "metaverse," a shared virtual environment that it bets will be the
next big computing platform.
The name change comes as the world's largest social media company battles criticisms from
lawmakers and regulators over its market power, algorithmic decisions and the policing of
abuses on its platforms.
CEO Mark Zuckerberg, speaking at the company's live-streamed virtual and augmented reality
conference, said the new name reflected its ambitions to build the metaverse, rather than its
namesake social media service.
The metaverse, a term first coined in a dystopian novel three decades ago and now attracting
buzz in Silicon Valley, refers broadly to the idea of a shared virtual environment which can be
accessed by people using different devices. Read More