Facebook Company Renamed Meta; will Focus on Metaverse Tech and Services

Facebook boss Mark Zuckerberg has announced that the company has been renamed Meta; focuses on Metaverse technology and services.

The company recently came under fire after whistleblower Frances Haugen (former product manager) published internal research and documents that showed Facebook was aware of the “toxic” problems its social media poses to people; but did nothing about it. Still, some doubted their motives.

This could have resulted in Facebook (the company, not the social media platform) changing its name. The motive was cited as an effort to be known for more than just social media and its harms. Zuckerberg said the company would "effectively move from people who see us primarily as a social media company to a metaverse company." This metaverse company is now known as meta.

In the opening keynote of Facebook Connect 2021, Zuckerberg sheds light on how Facebook was used back then to find most information on the Internet. To keep using technology to connect people, the Metaverse (a planned future version of the Internet with virtual worlds and augmented reality) will be the "next frontier" as social media was when it was first introduced.

The combination of virtual reality, augmented reality and smart glasses should come together and put people at the center of their technology; with more creativity, more openness, more experiences, more connections, and more learning and connections. Zuckerberg also alluded to how closed platforms had stifled creativity in the past, but didn't say how open-minded Meta's future efforts would be.

While we continue to work on apps, Meta focuses on future platforms. However, over time, the company will become Metaverse First and consumers will no longer need to use Facebook to enjoy their other services.

The overview (via Meta) can be found below.

The connection is evolving and so are we.
The metaverse is the next evolutionary stage of the social connection. Our company's vision is to bring the Metaverse to life. So we're changing our name to reflect our commitment to this future.

The metaverse will be social
3D spaces in the metaverse allow you to socialize, learn, collaborate, and play in ways beyond what we can imagine. […]

Structure of the metaverse
We're already developing exciting new technologies to help people connect and explore in the metaverse.

Virtual reality
Virtual Reality lets you explore new worlds and shared experiences. Quest is a great way to share new experiences with friends and family, even when you are far apart.

Expanded reality
Through photo and video, AR lets you enhance shared experiences with playful virtual effects as you swipe a screen so you can express yourself with the people who matter most to you.

Data glasses
Wearable technologies like smart glasses become gates into the metaverse, allowing you to interact with the world around you. Smart glasses that let you record audio and video with just one touch are just the first step on the way.

[…]

A future made by all of us
The Metaverse will be a collective project that goes beyond a single company. It is created by people all over the world and is open to everyone.

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