Facebook changed the name of the company

 Facebook changed the name of the company

Facebook has changed the name of its company to Meta.

Social network founder Mark Zuckerberg announced that it is the new name of Facebook's parent company.

The name change or rebranding is also intended to highlight the importance of metavars on social media networks, which Mark Zuckerberg called the future of the Internet.

After this change, the Facebook site or app is no longer the center of this company but has become a sub-branch like Instagram and WhatsApp but the name of the social network will remain Facebook.

Mark Zuckerberg will be the CEO and chairman of Meta, meaning he will have full control.

The new name basically reflects the changes taking place within the company, and a few days ago, Mark Zuckerberg announced that he would spend $10 billion on Metaverse in 2021 alone.

"Today we are seen as a social media company, but we are a company that connects people," Mark Zuckerberg said during the company's virtual and augmented reality conference in Connect. Technology is developing.

"Together we can bring people to the center of technology, and together we can build a larger economy," he said.

"Right now our brand is firmly attached to a product (Facebook), but over time we are expected to be seen as a meta-versa company," he said.

Mark Zuckerberg said: "I thought a lot about our identity at the beginning of the new chapter. Facebook is one of the few most used products in the history of the world. It is an iconic social media brand. But that doesn't reflect everything we do. "

Mark Zuckerberg said the new name was derived from the Greek word meta, which means "on the other side or beyond."

Mark Zuckerberg also owns the @meta Twitter account and meta.com, a redirecting URL to Facebook's welcome page.

The name change comes at a time when Facebook's reputation has been hit by a series of revelations in recent days, and apparently aimed at a possible restoration of its reputation.

A recent report by The Verge reported that the rebranding would introduce Facebook's social media app as one of several products under a parent company that oversees Instagram, WhatsApp, Oculus, and others. Will

Keep in mind that it is not uncommon in Silicon Valley for companies to change their names because they do so to expand their services.

Google founded Alphabet Inc. in 2015 as a holding company to move beyond its search and advertising business, with various other projects ranging from its autonomous vehicle units and health technology to the provision of Internet services in remote areas. To monitor

According to the report, the site's rebranding initiative will reflect Facebook's focus on building a so-called Metaverse, an online world where people can use a variety of tools to move and communicate in a virtual environment.

Now Mark Zuckerberg, referring to the rebranding, said that the company's corporate structure will not change, but the method of reporting financial results will certainly change.

He said that from the fourth quarter of 2021, we are planning to compile the report of 2 sectors, Family of Apps and Reality Labs.

He said today's announcement would not affect the way shared data is used.

Mark Zuckerberg also unveiled a number of new social, gaming, and workplace concepts related to the metaverse.

The company also featured concept videos depicting metaverses, such as sending a holographic photo to a friend, a virtual meeting, and more.

What is Metaverse?

Metaverse is just an idea and it is taken from science fiction books and movies and the big internet technology companies around the world will invest billions of dollars to make it a reality.

It is unknown at this time what he will do after leaving the post.

However, experts from all major internet technology companies, including Facebook and Microsoft, said that Metaverse would be a combined and improved version of 3D technology, including virtual reality (VR) and augmented reality (AR).

In other words, to use 'Metavers', you have to use a VR headset instead of a mobile phone or computer, but it is possible that this technology will also change the computer and mobile.

According to most experts, the Metaverse system will probably change the current technology as much as the mobile phones made in 1980 have been replaced by the latest smartphones of today.

Metaverse is being called the new system of the Internet, but it is not clear whether the new system will be equipped with its own Internet or will run on the current Internet?

Most experts say that since Metaverse is still an idea, it will take at least 15 years to develop and its initial form will emerge in the next decade.