Facebook Renames Itself "Meta"

A week after The Verge first reported that Mark Zuckerberg would rebrand/rename Facebook, the tech giant's CEO just announced that the new name is 'Meta'.

“I’ve been thinking a lot about our identity” with this new chapter, Mr. Zuckerberg said, speaking at a virtual event to showcase Facebook’s technological bets of the future.

“Over time, I hope we’re seen as a metaverse company.”

Zuckerberg first noted in July that he wanted Facebook to eventually become a "metaverse company," and last week, the company said it would hire 10,000 people across Europe specifically to build out its metaverse project. 

At the same time, renaming Facebook may help distance the company from the many social networking controversies it is facing, including how it reportedly spreads hate speech and misinformation.

Twitter CEO Jack Dorsey has opined in his inimitable way...

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Full Statement from 'Meta':

Introducing Meta: A Social Technology Company

Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which brings together Facebook's apps and technologies under one new company brand. Meta's focus will be to bring the metaverse to life and help people connect, find communities and grow businesses.

The metaverse will feel like a hybrid of today's online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can't be together — and do things together you couldn't do in the physical world. It's the next evolution in a long line of social technologies, and it's ushering in a new chapter for the company. Zuckerberg shared more about this vision in a founder's letter.

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