Last Updated: November 1, 2021
Just as the Facebook Connect conference was coming to an end, the tech giant Facebook announced that they are rebranding and will now be known as ‘Meta’, CNBC reports.
On Thursday (28 October), when the company presented its forthcoming aspirations in virtual and augmented reality at the Facebook Connect conference, they also announced the company’s name change from Facebook to Meta. The company decided to show the world that it intends to go beyond social media and take on a whole new direction in the near future. Facebook’s CEO, Mark Zuckerberg, stated that the company’s stock ticker FB will change to MVRS from December the 1st.
We spend at least an hour daily scrolling through social media. That’s why when Zuckerberg announced the rebrand, the first thing that came to mind was: what does this mean for the users of Facebook, Whatsapp, and Instagram? Will there be changes in how these platforms work? Actually, this does not change a thing for the estimated 2.41 billion users, but there could be some metaverse-oriented changes as the new technology takes on.
Moving Beyond 2D Social Media
Zuckerberg came up with the idea for the new company’s name from the sci-fi term ‘metaverse’. Changing the company’s name to Meta he wants the company to take the focus off social media apps and concentrate on the metaverse concept because he believes that the metaverse will become the successor to the mobile internet.
With these changes, it seems a new era is coming where virtual reality will replace the human touch. Zuckerberg, a great visionary in the technological aspect, wants to expand the company’s horizons believing that there is more to technology than meets the eye. That’s why Zuckerberg decided that it’s time for the company to take on a different name. He says, “Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started.” (Source: GovTech) Meta is now moving beyond 2D social media and towards augmented and virtual reality.