On Thursday, during his company’s Connect event, Facebook CEO Mark Zuckerberg announced that the corporate entity of Facebook would now be called Meta. He further added, “We are a company that builds technology to connect. Together, we can finally put people at the centre of our technology. And together, we can unlock a massively bigger creator economy.”
Facebook has invested heavily in augmented and virtual reality, in a bid to keep up with the rapidly changing technology. Zuckerberg said that as of now, Facebook doesn’t completely reflect what the company stands for and what they hope to do in the future. He added, “Over time, I hope we are seen as a metaverse company.”
The announcement came as a surprise to netizens, but as usual, Twitter was ready for this big change.
In the past weeks, Facebook has been in the news for all the wrong reasons. The name change comes at a time when the corporate giant was already reeling with the fallout of a whistleblower leaking multiple internal documents that gave an insight into the firm’s approach to misinformation and hate speech. Many netizens have opined that the name change is just a ploy to shift the focus from Facebook’s wrongdoings and subsequent scandal.
Mark Zuckerberg has ensured that the social media platform, Facebook, will retain its name. The name change will only apply to the corporate entity. This decision, as can be seen online, hasn’t really been welcomed. Only time will tell if this is a move to divert attention from everything that’s wrong with Facebook or simply to, as Zuckerberg claims, encompass everything they stand for.
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