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Thus, Facebook has officially rebranded to Meta, signaling the development of the virtual universe or digital realm known as the Metaverse. But what exactly is the Metaverse?
- Learn more: What is the Metaverse?
The upcoming name change reflects Facebook's ambitions and signals its new direction towards becoming a tech giant.
- Read more: Facebook rebrands company to Meta
Facebook to undergo name change next week
Apart from being the leading social networking platform, Facebook also owns Instagram and WhatsApp. This name change simply transforms Facebook into one of the company's many products. Similar to Google becoming a subsidiary of Alphabet.
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According to sources, this change aims to reflect the company's focus on building the Metaverse digital universe. Metaverse here refers to efforts to combine virtual reality and augmented reality technologies in a new online realm. The idea is to create a space similar to the Internet, where users can create and engage in activities, interact with each other in real-time.
Earlier this week, Facebook also announced plans to hire 10,000 employees in Europe to develop the Metaverse.
In addition, some believe that the brand restructuring is part of efforts for Facebook to avoid past troubles and scandals.
- Read more: How to change your Facebook name
