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- Facebook Inc. will now be known as Meta
- Mark Zuckerberg has introduced Meta that will brings all its apps and technologies under one brand name
- Facebook will remain the name of the social media platform
- Oculus brand will be retired as its a Meta product
Facebook, the social media giant connecting global audiences via its platform. The CEO of the firm, Mark Zuckerberg believes that cryptocurrencies are the future. Notably, Facebook is also working on to launch the Diem project, which will be an USD pegged stablecoin. However, recently, Zuckerberg has introduced Meta. It is known that the firm will bring the apps of Facebook and its technologies under one brand’s roof. Notably, the focus of the firm will remain to bring the metaverse to life and help individuals to connect, find communities, and grow their businesses.
What does the Meta metaverse bring?
According to the recent announcement, the metaverse will feel like a hybrid of today’s online social experiences. It is known that Meta will sometimes expand into three dimensions or get projected into the physical world. Ultimately, Meta will allow its users to share immersive experiences with other individuals without being connected. Moreover, then the users can do things together that are not possible in the physical world. Hence, the concept behind the metaverse being brought by Facebook, seems to be the next evolution in the long line of social technologies.
Facebook will remain the social platform
Meta has been introduced by Mark Zuckerberg as the overarching firm of Facebook. Following the update, many questioned whether Facebook will now be known as Meta. However, the firm has cleared that the social platform will remain Facebook. However, Facebook Inc. will now be called Meta in order to distinguish its myriad parts from the social platform. Indeed, the change is made due to some poor reputation. The new name was announced by Mark Zuckerberg, during his keynote for the firm’s Connect event. Zuckerberg hopes it will offer some degree of distraction from current sentiment, it is not going to stop individuals talk about Meta.
Meta will retire the Oculus brand
The change by Facebook is similar to how Google, the search and tech part was bundled as Alphabet. However, following the announcement, Andrew Bosworth, incoming CTO, revealed that the new brand will retire Oculus. In contrast, the “Oculus App” will be named as “Meta App”, and the “Oculus Quest App” will now be known as “Meta Quest App”. He further explained that the firm is taking such a step to change the name because Oculus is a Meta Product. However, such decisions are way difficult to make for such firms.
