in

Social Media Giant, Facebook changes company name to ‘Meta’

Facebook changes parent company name to ‘Meta’
Facebook changes company name to ‘Meta’

Mark Zuckerberg, the CEO of Facebook, announced on Thursday that the parent company’s name will be changed to “Meta” to represent a future beyond the troubled social network.

The new handle comes as the social media giant tries to recover from one of its most serious crises to focus on its vision for the “metaverse,” a virtual reality version of the internet that the internationally competitive sees as the way of the future.

The names of Facebook, Instagram, and WhatsApp will not change the outcome of the rebranding.

Read Also; Okonjo Iweala’s Son, Uchechi Iweala, Breaks Medical Record in the US (Photos)

Sudan Military Coup: UN Called on immediate release of Sudanese PM, Abdalla Hamdok

“From struggling with social issues and living under closed platforms, we’ve learned a lot, and now it’s time to take everything we’ve learned and help build the next chapter,” Zuckerberg said at a developer conference.

“I am proud to announce that starting today, our company is now Meta. Our mission remains the same, still about bringing people together, our apps and their brands, they’re not changing,” he added.

Last week, Facebook critics pounced on a report that exposed the rebranding plans, alleging the company was trying to deflect attention away from recent scandals and controversy.

The Real Facebook Oversight Board, an activist group, has warned that large sectors like oil and tobacco have rebranded to “deflect attention” from their problems.

“Facebook thinks that a rebrand can help them change the subject,” the group said last week, adding the “real issue” was the need for oversight and regulation.

Facebook recently announced plans to hire 10,000 people in the European Union to help build the “metaverse,” with Zuckerberg emerging as an advocate of the concept.

What do you think?

Mark Andura

Written by Mark Andura

Benuepost.com is a Resource for the Latest News and Updates around the World, from Politics, Sports, Business, Education, Culture, Entrainment, Jobs, and many More.

Leave a Reply

Avatar

GIPHY App Key not set. Please check settings

Buhari sets up transition council

Buhari approves N21bn for 14-bed presidential clinic – PS

Uche Secondus

Uche Secondus Fails to Stop PDP Convention as Court Strikes Out Suit