Facebook to Metaverse

Mark Zuckerberg, the founder of facebook has announced that they are changing their parent company name.

The rebrand would likely position the blue Facebook app as one of many products under a parent company overseeing groups like Instagram, WhatsApp, Oculus, and more. With more than 10,000 employees already building consumer hardware like AR glasses on Facebook, Zuckerberg believes it will eventually be as ubiquitous as a smartphone.

Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the successor to the mobile internet.

CEO Mark Zuckerberg spoke at the company’s Live Streaming Extended Virtual Reality Conference, stating that the new name reflects the work of investing in Metaverse rather than the social media service that continues to be called Facebook.

Metaverse is a term which broadly refers to the idea of a shared virtual realism that can be accessed by people using different devices.

“From now on, we’re going to be metaverse first, not Facebook first,” Mr Zuckerberg said. He suggested that Facebook app and branding will be removed from other apps, and that it will instead look to push the new Meta name. Mr Zuckerberg announced his company’s new name during a 90-minute presentation in which he argued that the metaverse will be the future of both his company and the internet.

He showed how through the use of virtual reality goggles and smart glasses, users will be able to add virtual objects to the real world. They could hang out with friends as well as appear in real meetings as holograms.

But he also mentioned they haven’t developed much of the technology behind the Metaverse yet and hasn’t provided any information about when it will release and so on.

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