Did You Know Facebook Changes Its Name - Read Here

(PHOTO CREDIT : https://www.cbc.ca/)

Facebook Changed Its name: Facebook Inc changed its name to its rebranding on Thursday. The company said it would rebrand itself as "Meta". CEO Mark Zuckerberg said that the company's new name suggests that the company is focused on building its new metaverse. Facebook said that this change will bring its various apps and technology together. However, its corporate structure will not change.

Zuckerberg had long wanted to rebrand Facebook where Facebook would be known as the metaverse, not just a social platform. Facebook founder and chief executive officer (CEO) Mark Zuckerberg has said that his company will now be known under the new name 'Meta' as part of an effort to incorporate digital transformation for the future. Zuckerberg calls it the 'Metaverse'. However, critics say it may be an attempt to divert attention from the controversy over the leak of the document from Facebook Papers.

Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection. pic.twitter.com/ywSJPLsCoD

— Meta (@Meta) October 28, 2021

According to Zuckerberg, 'Metaverse' will be a platform on which people will be able to communicate and work to create products and content. He hopes it will be a new platform that will create 'millions' of jobs for creators. The announcement comes at a time when Facebook is facing an existential crisis. It is facing legislative and regulatory scrutiny in many parts of the world following the revelations in Facebook Papers.

Credit: CNET & https://www.timesnowhindi.com/