Facebook has changed the name of the parent company. The new name given to the company is Meta. Mark Zuckerberg, the company's CEO, said:
CALIFORNIA: Facebook says it has changed the name of its parent company. The new name given to the company is Meta. Mark Zuckerberg, the company's CEO, said:
Zuckerberg said the change was to prevent the company's market power, algorithm decisions, and policing of abuses on its platforms from being directly liable to the parent company. The new decision is to prevent cases involving Facebook or other application services from directly affecting the owner company.
He added that in the company's virtual and augmented reality conference live streaming, the new name reflects the focus on building metawares. Now, their brand name is associated with the name of a product. It represents everything we do that is not desirable in the present and in the future.
This change will bring their different applications and technologies under a new brand. Zuckerberg, meanwhile, said it would not change its corporate structure. The company also unveiled a new logo at its headquarters in Menlo Park, California. The new logo of the model company is Meta, which gives the blue infinity shape instead of the thumb up logo.
The term metavars first appeared in a dystopian novel three decades ago. Metawares broadly represents the concept of a shared virtual environment that is accessible to people using different tools.