Mark Zuckerberg, chief executive of Facebook – Instagram – WhatsApp empire, has announced that Facebook will change its business name to Meta.
First and foremost, let us clarify that it is the parent company name Facebook that will deal with this major name change. Facebook-managed social media channels, such as Facebook and Instagram, will not be changed.
So, why change the name? And why do you call it ‘Meta’?
Zuckerberg himself claims that the product change comes as a result of Facebook expanding its services range from social networking sites to other sites, as a matter of fact. The word ‘Meta’ (from a Greek word meaning ‘beyond’) is said to best describe a company.
You intend to use the Facebook forum to create ‘metaverse’; an online user hub for communication, performance, and game in a visual environment. Metaverse is also said to have further development and use of VR headsets. To find out more about ‘metaverse’, read this.
Critics believe the company’s reconstruction took place following the emergence of negative news surrounding Facebook. Facebook’s reputation has taken a toll on many songs, including the coding of information about the covid vaccine.