Why does Social Site Facebook change its name to Meta

Facebook change name to Meta

Social network Facebook has announced that it is changing its name to Meta lately. According to Facebook, it will begin trading on the exchange on December 1 under the new ticker MVRS. Now you will see all over the news that Facebook change name to Meta.

In recent days Facebook has experienced a record decline in stock prices this month, plans to re-brand – namely. We wondered how such a move could affect the reputation of one of the most successful companies in the world.

Renaming Facebook is Punchinelle’s secret. The company has already announced this possibility more than once.

Today, Facebook can be renamed Meta, said domain broker Paul Gross-Danipro. In his words, all the necessary agreements have been reached with the owners.

– I noticed a massive purchase of domains within a month in all geofences, including .com. Purchased by a company that deals with Facebook domains. So, I think Meta.com will be a new name, – said Pavel Gross-Dneprov.

Facebook CEO Mark Zuckerberg plans to re-announce the branding on October 28 during the annual Facebook Connect conference.

The company plans to change its name to ” metaverse “, which includes the holding premises and the entire line, not with the never-ending series of scandals.

According to him, this “metaverse” will not only remain in the spotlight, but will become a new version of the Internet. Launch of the application: Using Horizon Workrooms, employees can have full business meetings.

Virtual “video rooms” can hold up to 34 people: the company sees the launch of workrooms as a step towards creating future “meteors”, as Zuckerberg recently mentioned.

The world’s largest social network has invested more than once in virtual and augmented reality products. He developed a helmet and goggles under the Oculus brand, and also acquired Big Box VR, a virtual technology studio. According to the company, developments in this area will allow for less reliance on other manufacturers in the future – for example, the replicated Apple.

So far, virtual reality items are not very popular: marketers associate it with a decline in citizens’ incomes. However, in the future, this is a very promising direction.

Facebook Becomes Meta

Facebook said on Thursday that the name was being changed to Meta to reflect the company’s commitment to creating Metavers, a virtual world in which people work, play, learn and share with their friends.

And connect with the family. Meta will be a new parent company that will run Facebook and its services, including the Instagram Photo app, WhatsApp messaging app, and its VR and AR efforts.

Facebook says it will start trading on the exchange from December 1 under the new Tucker MVRS.

In the Metavers preview, avatars play chess, stand in a virtual concert, study and work remotely. According to Zuckerberg, virtual experiments will become mainstream over the next five to ten years. He hopes to have one billion users on Metavers in the next decade.

The rebranding of massive rumors sheds light on how Facebook, founded in 2004, has moved beyond social media.

Facebook owns Oculus, a company that makes virtual reality headsets, created portal video chat devices, and teamed up with Ray-Ban to launch the first pair of smart glasses this year.

It is also the highest rebranding of a tech company since 2015, when Google created its parent company, Alphabet.

Facebook changed its name to Meta

Facebook has announced that it is changing its name and deleting it from today. The rebranding is based on the company’s desire to counter criticism, engage in unethical algorithms, and misuse market position.

The tech giant, which has 2.9 billion monthly active subscribers to its services, has come under scrutiny in recent years from lawmakers, regulators and human rights activists.

Now the head of Meta Mark Zuckerberg (Mark Zuckerberg) says the company’s new name reflects his focus on building the so-called “Metavers”.

The businessman said that the name of Facebook is so closely related to a product that it cannot reflect everything that the company does today.

TechDev says the change will bring its various applications and technologies under one brand. The corporate structure of the company will not change.

The term “Metavers”, which first appeared in a dystopian novel three decades ago and has now captured the attention of Silicon Valley’s largest minds, describes the idea of ​​a shared virtual environment as far as different devices are concerned. Users can access.

The company today installed a new logo at its headquarters in Menlo Park, California, in which the thumb has been replaced with a blue infinity symbol that will be the meta logo.

We add that the social network Facebook will retain its former name. The name change only applies to the company that owns it, as well as Instagram, WhatsApp, Oculus and other services.

American company is rebranding Facebook, the company’s new name is Meta, TASS reports.

“We’re called meta now,” Facebook founder Mark Zuckerberg said in an online presentation Thursday.

Following the announcement of the company’s name change, its shares are up 3%, according to trading data.

The Mobius strip became the company’s logo.

“The word meta comes after the Greek word,” Zuckerberg said in the presentation. “For me, it’s a sign of the fact that you can always create something else.”

The founder of the company emphasized that the new brand is related to the concept of Metavers, where a person will feel the effect of being present in virtual reality.

Earlier, it was reported that Facebook plans to announce a name change in the near future.

It was noted that the rebranding must reflect the claim that the social network is just one of the products of Facebook Corporation, which also owns other services.

In early October, it was reported in the press that the data of 1.5 billion users had been leaked after a massive failure at Facebook.

Company representatives responded that experts had found no evidence of breaches of user data security.

According to Forbes, Facebook founder Mark Zuckerberg lost his place in the ranking of the richest people in the background of this incident.

The day before, it also became known that former employees had filed a lawsuit against Zuckerberg and his wife.

The founder of Facebook himself expressed the view that there are currently concerted efforts to discredit the company.

Facebook changed name to Meta and hinted at launching NFT in its metaverse

Representatives of the organization shared information about it during the presentation of the project.

Facebook changed its name to Meta. Information about this appeared on the official website of the organization. In addition, Facebook CEO Mark Zuckerberg spoke about the changes during his speech at the Facebook Connect event.

The project team introduced Meta as a social technology company that will combine applications and technologies under one brand.

The project, according to the presentation, focuses on the launch of Metavers. Meta “will also help people communicate, find communities and grow businesses.”

For the first time, information that Facebook is building Metavers appeared on the network in August 2021.

In late October, Verge wrote, citing sources, that the company would re-brand in preparation for the launch.

Of the project. The publication’s interlocutors explained Facebook’s desire to change the name in order to strengthen the organization’s compliance with the transition to work in a new format.

In the presentation, Meta described Metavers as “a hybrid of the social experiences available to users on the Internet, which will sometimes be expanded into three dimensions or presented in the physical world.”

This approach, according to the developers, “will allow you to share impressions with other people at a distance and do things together that you could not do in the physical world.”

“This is the next step in the long-term evolution of social technology, which opens a new chapter for our company,” said Meta representatives.

In a letter to the founder, Mark Zuckerberg called the launch of Metavers “the beginning of a new chapter on the Internet.”

Within the framework of the project, the company intends to develop several areas, including the following:

  • Create 3D spaces for a variety of social interactions. For example, with the help of meta-developments, teachers will be able to teach remote lessons in virtual reality.
  • Designing tools for working in a digital environment. Specifically, the project’s website states that Meta is developing VR glasses with manual control sticks. In addition, the organization’s team is busy making smart glasses that will be able to record audio and video.
  • Development of tools to create augmented reality.

Meta Metavers Features:

The developers also shared information that the project will use non-fungible tokens (NFT). The technology will allow the distribution of digital goods into metavers.

NFT could also appear in Facebook’s digital wallet – Novi, according to Bloomberg.

It may be recalled that in the twenties of October 2021, the company announced the pilot launch of the platform in the United States and Guatemala.

Almost immediately after information about the launch of the project appeared on the network, Facebook found itself again under the gun of regulators.

In addition to pressure from regulatory authorities, the MetaMatavers offer was also linked to a scandal involving the offline release of several sites due to a Facebook error.

Another problem for the company was the publication of archived journalists with compromising content on social networks.

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