The Facebook app, which is used by over 3 billion people every month across the world, will keep its name. In a speech at the company’s Connect virtual reality conference. Zuckerberg stated that it is time to rebrand the company to reflect its bigger aims.
According to CEO Mark Zuckerberg, Facebook’s new corporate name is Meta, and it will be launched on October 29, 2021. In an apparent attempt to recast the company’s public image from damaged social network to tech pioneer focused on establishing the “metaverse,” the next generation of online connection. So the issue is, why the term meta, and what is the metaverse? So, this is the explanation for why it was changed to meta and what it means…
What Exactly is the Metaverse?
Neal Stephenson, a science fiction writer, created the word “metaverse” in his 1992 novel Snow Crash. Gamers use the term “virtual reality” to describe immersive virtual settings where people may play games, attend concerts, socialize, and purchase a variety of digital products and services.
Why has Facebook Changed Its Name to Meta?
The major point of argument for the firm is that its name does not fairly reflect what it performs. This is true even before the metaverse: while Facebook owns Instagram, WhatsApp, and the virtual reality platform Oculus. They have nothing to do with the blue program that gave the company its name. This will be far more accurate if Mark Zuckerberg’s massive bet on the metaverse as the future comes true. In his announcement, Mr. Zuckerberg stated that it was the future of the social internet as well as the future of Facebook, allowing people to hang out, work, and play in virtual spaces.
In a statement, Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, said, “The name change from Facebook to Meta may make sense from a commercial marketing standpoint, but it’s also a blatant attempt to distance Mark Zuckerberg’s company from growing outrage over the harm it is causing to democracy in the United States and around the world.” “With a clever name makeover, Zuckerberg and his friends will not be able to extricate themselves from the Facebook albatross.”
Is It Time to Delete Facebook?
Facebook has come under fire after internal research was released, revealing the detrimental impacts of its algorithms. Is it time to get go of something? There can be many reasons to change its name because no one will change its brand name if it is ruling the world like there are many assignment help in Dubai services which are running for many years and helping out many students but never changed their names. In this case, it could be any reason like security or etc.