From now on, Facebook gathers all its services under the roof of Meta.
The new name of the social media platform was announced by Facebook CEO Mark Zuckerberg at the Connect event. Meta will be announced. “We are a company that builds technology to connect,” Zuckerberg said. Together, we can finally put people at the center of our technology. And together, we can unlock a much greater creative economy. ” he said.
While Zuckerberg said that the Facebook name doesn’t fully encompass everything the company does, and that currently the brand is very tightly linked to a single product, over time, he wished they wanted to be seen as a metaverse company. Facebook is positioning its new name to more reflect its future goals of transforming from a social network to a metaverse company. Zuckerberg has yet to fully define what it means to be a “metadata-driven company” for its core platform and users, but augmented and virtual reality is at the center of the vision.
Zuckerberg now also has the Twitter username @meta and meta.com, which leads to a welcome page on Facebook that summarizes the changes. Zuckerberg published a in the blog post Stating that the corporate structure of the company will not change, but how it will report financial results will change, “Beginning with our results for the fourth quarter of 2021, we plan to report on two business segments: Application Family and Reality Labs. In addition, we plan to start trading on December 1 under the new stock ticker (MVRS) we have reserved. Today’s announcement does not affect how we use or share data.” said.
Source: Technopat by www.technopat.net.
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