CEO Mark Zuckerberg reveals Facebook’s new name.
Facebook changed its name to Half, the social media giant announced this yesterday at its annual conference on augmented reality and virtual reality technology.
Facebook’s new name, Meta, means “beyond” in Greek, the CEO said Mark Zuckerberg during the event.
Zuckerberg said the decision to rename Facebook was made for “reflect who we are and what we hope to build“, referring to the company’s plans to focus on the” metaverse “.
A blue logo similar to the infinity symbol accompanied the new name.
The Verge first reported on a possible rebranding recently, leading to speculation that the social media giant would announce its new name at yesterday’s event.
“Right now, our brand is so closely tied to a product that it absolutely cannot represent everything we are doing today, let alone in the future.“said Zuckerberg.”Over time, I hope we will be seen as a “metaverse company” and I want to anchor our work and identity on what we are building.“.
868.5 billion dollars. This is Facebook’s market value. The company had 3.6 billion monthly users worldwide in the third quarter of this year, according to the Wall Street Journal.
Zuckerberg also delved into more details on the “metaverse”, a concept of the digital world in which virtual reality merges with physical reality. The game will likely be the first feature that will draw users into the metaverse, Zuckerberg said. But the CEO is also looking to hook users with training sessions, as well as features for work and education in the metaverse. Zuckerberg said Facebook is inclined to offer users the ability to use separate accounts from their social media accounts.
Source: Forbes.
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