WHY FACEBOOK RENAMED ITSELF AS META ?

Earlier this month a former emolyeeof Facebook turned against Facebook and claimed that Fcaebook's product "Harm children, stoke divison and weaken our Democarcy" and he added that Facebook promotes Negative content and its Algorithm works based on Negative content.

And so many allegations were made in addition to this against Facebook. So, the CEO of Facebook Mark Zuckerberg decided to change its name.

On Oct. 28;2021 Mark Zuckerberg The CEO Of Social Networking Gaint Facebook announced that its parent company name has renamed as Meta.

Reason Behind New Name

As stated by Zuckerberg the new name is supposed to refelect the company's Ambition to be a leading player in the Metaverse which he says will be the future of internet. 

What is Metaverse ?

The word itself comes from "meta" (i.e. "beyond") and "-verse" (i.e. "universe").

It refers that an internet environment where people can access and enjoy using Virtual Reality (VR) and Augmented Reality (AR). To be Precise it means people by wearing VR equipments can meet, play and speak with each other around the world.

Zuckerberg said that it is a plan since we accquired Instagram and WhatsApp in 2012 and 2014 respectivelyto change our parent company name."I think that there was just a lot of confusion and awkwardness about having the company brand be also the brand of one of the social media apps," he added.

Highlight of Mark Zuckerberg's Vision Towards Metaverse

"The next platform will be even more immersive—an embodied internet where you're in the experience, not just looking at it. We call this the metaverse, and it will touch every product we build."

"The defining quality of the metaverse will be a feeling of presence—like you are right there with another person or in another place."

"In the metaverse, you'll be able to do almost anything you can imagine—get together with friends and family, work, learn, play, shop, create—as well as completely new experiences that don't really fit how we think about computers or phones today."

"In this future, you will be able to teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parents' living room to catch up."

"Your TV, your perfect work setup with multiple monitors, your board games and more—instead of physical things assembled in factories, they'll be holograms designed by creators around the world."

"You’ll move across these experiences on different devices—augmented reality glasses to stay present in the physical world, virtual reality to be fully immersed, and phones and computers to jump in from existing platforms."

"From now on, we will be metaverse-first, not Facebook-first. That means that over time you won’t need a Facebook account to use our other services."

"Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers."