Facebook changes its name after nearly two decades! Is it true or not? Yes!! It is absolutely true. Facebook is now referred to as Meta.

Facebook’s CEO Mark Zuckerberg announced Thursday that the company formerly known as Facebook is now called Meta to incorporate its expanding technology and role in what it calls, “the Metaverse.” Apart from this, the company owns several technologies and applications, including Instagram, WhatsApp, and Oculus VR.

In the month of July, Facebook’s CEO Mark Zuckerberg told the expected time that over the next several years, Meta would “successfully change from people seeing us as primarily being a social media company to being a Metaverse company.”

What is the metaverse?

According to Zuckerberg, it sounds like the next level of virtual reality. Now, you will be able to teleport immediately as a hologram to be at the office without going anywhere. Our aim is that within the next decade, the Metaverse will reach a billion people, host thousands of billions of dollars of digital trade, and support jobs for myriad creators and developers.

Why did Facebook change its name?

Mark Zuckerberg has inspiring goals to change what people think is possible with social media. The reason behind giving the company a new name emphasizes that Facebook as we knew it is getting a revival of sorts.

Where Facebook creates the foundation for connecting people via videos, photos, and messages- Meta goals to add a new dimension to the experience. Basically, Meta is a term that is derived from the word “Metaverse,” which refers to an advanced environment where plenty of people can share the same virtual space.

Mark Zuckerberg explains his exceptional vision of it:

Metaverse is a feeling of presence. For example, you are right there with another person or in another place. Feeling truly present with another person is the main dream of social technology. This is the reason we are focused on building Metaverse.

In the Metaverse, you can do almost anything you can imagine, like get together with family and friends, learn, work, play, etc. It gives you a new experience that doesn’t really fit how we think about phones and computers today.”

Facebook’s CEO Mark Zuckerberg goes on to describe a potential use case that sounds completely unknown to how we use technology today. In Metaverse, users log in with VR helmets and interact with each other as holograms. The cybernetic world they connect to is designed to look like real life.

Zuckerberg continues:

Metaverse will open up more wonderful opportunities no matter where you are and where you live. In the near future, you can teleport instantly as a hologram to be at the office without travel, at a concert with friends, or in your parents’ room to catch up. With it, you can spend more time on your important work, reduce time in traffic, and reduce your carbon footprint.

• Will any of these involvements be a great substitute to real life?
• Will people want to use technology in this manner?

Zuckerberg is influenced by the fact that the answer is ‘yes.’ But, he is not getting rid of existing platforms.

Below you can see what is next for Facebook and Meta. Have a look:

What happens now that Facebook changed its name?

Step forward, the Facebook group of apps will belong to a separate division of the company. Another division will be created for all work on future platforms.

As Zuckerberg announces his company is “metaverse-first,” the existing apps are now second in priority.

He announced that from now on, we will be metaverse-first, not Facebook-first. It means that over time you won’t need a Facebook account to use our other services. We hope people throughout the world come to know the Meta brand and the future we stand for as our new brand starts showing up in our products.

There is no sign that Facebook as a product is going anywhere.

Business owners and marketers can breathe a collective sigh of relief as there will be no distraction to services currently in use.

Mark Zuckerberg said that the company’s metaverse-related services will be additional things to Facebook, Instagram, and WhatsApp.

Remember one thing, there is no obligation to enter the metaverse if you are not interested to learn about it.

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