Facebook Changes It’s Name To META
Facebook has changed its name to Meta as part of a major rebrand. The company, which announced the change at its annual developer conference, said it would better “encompass” what the firm now does.
It also revealed plans for a metaverse – an online world where people can game, work and communicate in a virtual environment, often using VR headsets.
Zuckerberg made the announcement at the Facebook’s annual conference Thursday, where he outlined his vision for the metaverse – a digital world built over our own, comprising virtual reality headsets and augmented reality.
“We believe the metaverse will be the successor of the mobile internet,” Zuckerberg said.
Facebook has invested $10bn in its metaverse project in 2021 – double what it spends on safety and security on the platform.