Facebook will change Its Name
Facebook announced its intention to change its name starting next week. The statements revealed that the new name has something to do with the metaverse. Facebook is trying to create this virtual world that people can easily access using the Internet. You may need some VR technology to access it.
Now you may be wondering what is the metaverse?
This world is the transfer of the real world into a virtual world.
New name for Facebook next week
Facebook seeks to have a new name in the conference to be held next week (28-10-2021). Mark Zuckerberg will speak at the conference to be held next week about the name change.
The annual Connect Conference will take place on the 28th of October. Several news outlets have talked about the possibility that the rebranding will put Facebook as a separate product under a new parent company that also oversees other products such as Instagram and WhatsApp. This move would be similar to what Google did in 2015 when it created a new parent company called Alphabet.
Speaking to The Verge, Mark Zuckerberg said, “We will no longer be a social media company, we will be a metaverse.
A New Name for Facebook and what does Metaverse indicate
What is the new name for Facebook?
The new name of Facebook is still a secret among the leaders of Facebook. So far, there are no leaks or news about the new name.
Facebook has ramped up its efforts in building the metaverse in recent months. Last summer, I created a team dedicated to the metaverse. A few days ago, Facebook announced plans to hire 10,000 new people in Europe to work on the metaverse.
Facebook recently invested $50 million in external research and funding programs to build the metaverse.
What is the Facebook metaverse?
The Facebook metaverse is known as a group of virtual spaces where you can create and explore a lot of things with people who are not in the same physical space as you.
New Company Adopts Facebook Applications
The company's applications will not be affected by its original name, but it will belong to a company other than Facebook. The same applies to the Facebook application and service, as it will keep its name and will not change.
According to reports from the Verge, the new name reinforces Facebook's interest in the metaverse. This world is currently trending as this idea has invaded the technological medium. This word has become commonplace in the world of technology.
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