Co-founder of Facebook, Mark Zuckerberg has announced that Facebook is changing its name.
The chief executive announced that the parent company will now be known as “Meta”.
Zuckerberg rolled out the new name at the Connect event, saying the company wants to focus on their vision of the “metaverse”.
The change is an attempt to bring focus to its work on the “metaverse”, as it refers to a host of augmented and virtual reality features that it claims will be the future of social networking.
But it might also be an attempt to shift focus away from its ongoing controversies.
Mr Zuckerberg said the name “Facebook” does not reflect everything the company did, pointing to existing separate apps such as Instagram and its Oculus virtual reality platform.
“Over time, I hope that we’re seen as a metaverse company.”
“And I want to anchor identity on what we’re building towards.”
Facebook has announced its changing the company’s name to “Meta”.