Mark Zuckerberg CEO, Facebook, announced that the company is rebranding itself as Meta. The announcement was made by Zuckerberg at company’s event. The name has been changed to represent the company’s vision of metaverse as the “next chapter”. The word “Meta” comes from the Greek word “beyond”. “To reflect who we are and what we hope to build I am proud to announce, starting today our company is now Meta,” Zuckerberg said. “Our mission remains the same, it is still about bringing people together,” he added while asserting that “we are still the company that designs technology around people.” Social media giant Facebook gets the new name as Facebook and the CEO have both been facing flak since long. The criticism is over the company’s spread of misinformation and hate speech, and its potential to be harmful for teenagers and children.
Why Facebook gets a new name
“Facebook just doesn’t encompass everything the company does anymore. In addition to its primary social network, that now includes Instagram, Messenger, its Quest VR headset, its Horizon VR platform and more,” said CEO Zuckerberg. “Today we are seen as a social media company,” Zuckerberg said. “But in our DNA we are a company that builds technology to connect people.” “We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg said.
Is Facebook going to change its structure?
Absolutely No!! The structure for Facebook, along with Instagram, WhatsApp and Messenger will remain same. The company is not even planning to change its structure. Facebook’s hardware division Reality Labs will become a separate reporting unit. “Reality Labs” is the name given to the unit responsible for AR and VR efforts oh the company.
New logo For Facebook
The company has unveiled a new sign at its headquarters in Menlo Park, California. The thumbs-up “Like” logo will be replaced with blue colour infinity shape. From December 1, it intends to start trading under the new stock ticker it has reserved. Zuckerberg has termed Facebook papers as unfair criticism. The company earlier announced its plan to hire 10,000 employees over the next 5 years. “We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg said.
