Facebook rebrands as Meta:- Mark Zuckerberg (Facebook CEO) said that the social media giant would rebrand its holding company as Meta, a move amid a succession of public relations difficulties for the corporation. Zuckerberg announced the new moniker during Facebook’s annual AR/VR conference on Thursday when he discussed the company’s future ambition for virtual reality.
The rebranding to Meta, which Zuckerberg unveiled today at the company’s annual Connect conference, has been a closely guarded secret since he launched the project officially a little over six months ago. The small number of employees involved to sign separate nondisclosure agreements, and Zuckerberg refused to provide the name during our conversation the day before Connect.
On Thursday, Zuckerberg stated that he believes the metaverse will reach a billion users within the next decade. He detailed his intentions to create a digital environment where people feel connected and have a “sense of presence” even when physically separated.
Although the metaverse is still in its early stages, companies like Facebook anticipate it will evolve into a new type of internet. The metaverse can be accessed with virtual reality and augmented reality headsets, as well as ordinary PCs and cellphones. The key idea is that it functions as a virtual alternative for the natural environment.
Within the next decade, Mark Zuckerberg expects that most people would spend their time in a truly immersive, 3D version of the internet that includes Meta’s technologies, such as the Quest, and third-party gadgets. He’s pushing his teams to create technology that will eventually allow you to appear in a virtual area as a fully formed avatar or as a hologram in the real-life living room of a friend on the other side of the planet.
The company, which has made significant investments in augmented and virtual reality, stated that the transition would unify its various apps and technology under a single new name. It said that it would maintain its current corporate structure.
According to a blog post, the Facebook business intends to begin trading on Dec. 1 under the new ticker symbol it has chosen, MVRS. It unveiled a new sign at its Menlo Park, California, headquarters on Thursday, replacing the thumbs-up “Like” emblem with a blue infinity form.
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