Connect with us

Brands and Marketing

BREAKING: Facebook Finally Changes Name

Published

on

Facebook announced on Thursday that the company has successfully rebranded it’s name to Meta.

Advertisement

Facebook focuses on it’s ambition in building a “metaverse.” (a shared virtual environment that it bets will be the next big computing platform.)

This comes after numerous trouble and criticism from lawmakers over it’s handling of user’s data and algorithmic decisions as well as policing of abuses on its platforms.

Advertisement

The rebrand comes as the world’s largest social media company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the policing of abuses on its platforms.

Mark Zuckerberg speaking at the event said the rebranding reflected it’s ambitios of building the metaverse.

Advertisement

The metaverse refers broadly to the idea of a shared virtual environment which can be accessed by people using different devices.

READ ALSO: FG Imposes Heavy Tax On Facebook, Twitter, Other Tech Companies In Nigeria

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,”  Zuckerberg said.

Advertisement

Zuckerberg also said that the new name also reflects that over time, users will not need to use Facebook to use the company’s rest services.

This year, the company has created a product team based on the ‘Metaverse‘ and it recently announced plans to employ 10,000 employees in Europe over the next five years to work on the dream.

Advertisement

Facebook Comments
Advertisement

Pages

Facebook

Copyright © 2022 Onyxnews Nigeria