Following the name change, or “rebranding,” Facebook’s social media app will be just one of the parent company’s many products, according to The Verge, along with Instagram, WhatsApp, and Oculus.
According to The Verge, with the name change, Facebook clearly wants to show that it is taking a new path: according to insiders, the company wants to focus more on building the ‘metaverse’, a world in which the physical reality and the cyber world merge through augmented reality and virtual reality. The term ‘metaverse’ comes from the American writer Neal Stephenson, who first used it in his science fiction novel ‘Snow Crash’ (1992).
Facebook CEO Nick Clegg, who is in charge of the group’s ‘foreign affairs’, announced last week that Facebook plans to create 10,000 jobs for highly skilled profiles in the European Union over the next five years in order to create the ‘metaverse’. . “Together with other partners, we are developing what is often referred to as the metaverse – a new step in interconnected virtual experiences using technologies such as augmented reality.”
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