Facebook changes name to Meta

Facebook changes name to Meta

Facebook at its annual developer conference announced to change the name to Meta. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality.

According to BBC, the company, which announced the change at its annual developer conference, said it would better “encompass” what the firm now does. It also revealed plans for a metaverse – an online world where people can game, work and communicate in a virtual environment, often using VR headsets.

The name change follows a series of negative stories about Facebook, based on documents leaked by an ex-employee.

“The metaverse is the next frontier,” Chief Executive Officer Mark Zuckerberg said in a presentation at Facebook’s Connect conference, held virtually on Thursday. “From now on, we’re going to be metaverse-first, not Facebook-first.”

Facebook’s name change is the most definitive signal so far of the company’s intention to stake its future on a new computing platform — the metaverse, an idea born in the imaginations of sci-fi novelists, according to Bloomberg.

In Facebook’s vision, people will congregate and communicate by entering virtual environments, whether they’re talking with colleagues in a boardroom or hanging out with friends in far-flung corners of the world.