Facebook, the world’s most popular social networking platform, Reveals Name Change to Meta. The original name, however, will continue to appear on the digital chat book.
Mark Zuckerberg, the company’s CEO, stated on Thursday that the company’s name will change to reflect the company’s growing focus on the metaverse. Users and critics of the social media site, on the other hand, will not see much in the way of reorganization.
“From now on, we’re going to be the metaverse first, not Facebook first,” Zuckerberg said when announcing the corporate name change, thus at the company’s Connect 2021 conference. The company’s concept of the metaverse “beyond” now is reflected in the new name. The word “meta” comes from a Greek prefix and preposition that means “after” or “beyond.”
At Connect, Zuckerberg stated that Meta unifies Facebook’s programs and technologies under a single brand. Meta’s mission will be to bring the metaverse to life by assisting people in connecting, forming communities, and expanding their enterprises. You can also visit WAF vs Firewall – Comparison Between WAF and Firewall.
“Our business structure will not change, but how we report our financials will, as we revealed on our earnings call. Beginning with our Q4 2021 results, we will report on two operating categories, one covering our Family of Apps and the other covering Reality Labs,” Facebook spokesperson Lisa Stratton told.
Facebook’s technology research section, Reality Labs Research, just underwent a rebranding from Facebook’s AR/VR Team. The change in the company’s name to Meta brings a number of platforms under one roof. Facebook, Instagram, and WhatsApp are among these divisions.
Facebook Reveals Name Change to Meta–Turning the Page
Facebook’s rebranding is based on Google’s strategy. In 2015, Google established Alphabet as the parent company for Google and numerous other businesses.
The name change comes as a result of rising criticism following the release of documents showing internal research and decision-making processes at Facebook. As a result, bipartisan legislative committees are investigating the situation.
Over the last two months, federal legislators have questioned Facebook about how its services affect the mental health of teens and children. Following Facebook’s safety, data privacy, and alleged misinformation crises, certain congressional committees are demanding legislation. Cloud Computing is Inevitable Future of Data Analytics.
“Right now, our brand is so closely associated with a single product that it can’t possibly represent everything we’re doing right now, let alone in the future.” I’d like to see us become known as a metaverse firm over time, and I’d like to base our work and identity on that,” added Zuckerberg.
What Comes Next
Part of the makeover reflects Facebook’s aspirations to transition away from its social network roots and toward the next level of social technologies. The metaverse concept envisions a fully immersive virtual reality world with real-time users interacting with the platform for business, concerts, family gatherings, and other purposes.
According to technology experts, large-scale implementation of Facebook Reveals Name Change to Meta could take a decade or more. The Meta idea has the potential to take standard social media platforms beyond 2D screens and into more immersive realms. Meta will create an evolving social technology platform using augmented reality (AR) and virtual reality (VR).
During his keynote talk at Connect, Zuckerberg lauded Facebook’s achievements. Moving beyond what is currently feasible, beyond the confines of displays, and beyond the boundaries of distance and physics, he said, was thrilling. Must visit Top 7 Resume Mistakes Made By Software Engineers as a Fresher.
“We are moving toward a future in which everyone can be present with one another, create new chances, and do new things.” “It’s a future that will be shaped by all of us, not just one firm,” he said.
Zuck Still in Command
According to Charles King, chief analyst at Pund-IT, Facebook’s adoption of the Meta name appears to be little more than an attempt to distract consumers, shareholders, and users from the reams of negative news affecting the corporation, like many previous corporate rebranding efforts.
“Given Facebook’s $2 billion commitment on Oculus in 2014, the concentration on VR and AR technology is unsurprising. Although that bet has yet to pay off, the company’s leadership appears to anticipate that the company’s new next-gen networking and computation capabilities will help users discover new immersive services. Despite their excitement, he said, “the odds of that happening seem very long to me.”
He went on to say that the Meta announcement makes a wider argument. The business structure of Facebook will not change, despite the new name. Because he controls the majority of the shares, this is still Mark Zuckerberg’s corporation.
“Whatever he names the company, it has a distinct odor of ‘Here comes the new boss.'” “It appears to be the old boss’,” King observed.