Robert: Facebook renames itself Meta
Published on October 29th, 2021 @ 9:58 AM
The company behind some of the world’s largest social media websites has a new name.
Facebook CEO Mark Zuckerberg announced yesterday his company is rebranding itself as Meta. He explained the move is an effort to reflect their future plans involving virtual-reality, “The Metaverse.”
The metaverse will reportedly be a place where people will be able to interact, work and create products and content using virtual and augmented reality. Zuckerberg said he expects the metaverse to reach a billion people within the next 10 years.
Further explaining the name change, Zuckerberg said “Facebook” doesn’t encompass “everything we do” any more. The name change will not effect the social media platform.
The name change comes amid controversy and revelations surrounding how the company ignored internal reports and warnings over the harms its social network creates and magnifies.