Facebook changes its company name to Meta, here’s why

Facebook Inc mentioned on Thursday it will rebrand as Meta, a name change that comes because the company battles criticisms from lawmakers and regulators over its market energy, its algorithmic selections and the policing of abuses on its platforms.

CEO Mark Zuckerberg, talking on the company`s live-streamed digital and augmented actuality convention, mentioned the brand new name mirrored its concentrate on constructing the metaverse.

“Right now, our brand is so tightly linked to one product that it can`t possibly represent everything that we`re doing today, let alone in the future,” he mentioned.

The tech big mentioned the change would carry collectively its totally different apps and applied sciences underneath one new model. It mentioned it will not change its company construction.

The metaverse, a time period first coined in a dystopian novel three a long time in the past and now attracting buzz in Silicon Valley, refers broadly to the concept of a shared digital atmosphere which could be accessed by individuals utilizing totally different units. Also Read: Aadhaar Card Update: Check how many times you can change name, birth date, gender

The company unveiled a brand new signal at its headquarters in Menlo Park, California, on Thursday, changing its thumbs-up “Like” brand with a blue infinity form. Also Read: Shiba Inu coin price jumps to another record high, muscles into top 10 cryptocurrencies by market cap

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