All you need to know about the new "Meta" alternative to Facebook
After Facebook intends to change its name to Meta, you see what this name means, what is the cost of establishing this company, and how many employees will be in it… In the next report, we will reveal to you what you do not know about the new Meta alternative to Facebook.
Facebook CEO Mark Zuckerberg has officially revealed the new name of the company, which owns the Instagram and WhatsApp applications. Zuckerberg announced yesterday, Thursday, that starting today, the company has become the name Meta to better reflect all its activities, but the name of the various networks in it will remain the same. Facebook, Instagram, and WhatsApp will keep their names.
We've learned a lot from issues related to social media and living on closed platforms, and now is the time to take advantage of all these lessons to help build the new chapter Zuckerberg said during a developer conference.
He added I am honored to announce that starting today our company name will be dead. Our mission is to bring people together, while our apps and brands will not change. The founder of the Facebook network, which was accused by a former employee of putting profit above the safety of users, chose the name "meta", which means "after" in ancient Greek, to show that "there are additional things to be built.
Facebook is facing a new crisis after its former employee, Frances Hogan, leaked internal studies showing that network executives were aware that the company's sites might harm some users, which strengthened calls in the United States to control this sector.
The name change, which was announced, reflects the company's growing ambitions outside of social media with a project called Metaverse.
a classic science fiction term adopted by Facebook to describe its vision of working in the virtual world. The term refers to digital worlds in which multiple people can interact in a three-dimensional environment.
We are seen today as a social media company, but in our DNA we are a company that builds technology to connect people, and metaverses are the next frontier just as social networking was when we started,” Zuckerberg said. The company's share price rose more than 2% on Thursday.
Project "Metaverse" Zuckerberg had outlined his plans to create "Metaverse" last July. On October 18, the company announced the provision of 10,000 job opportunities for highly-skilled engineers in the European Union within the new project.
We hope that over the next decade, Metaverse will reach 1 billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers,” Zuckerberg wrote in a letter Thursday.
Facebook revealed this week that it will spend about $10 billion over the next year to develop the technologies needed to build Metaverse. Over the past few years, the company has ramped up its hardware efforts, introducing a range of connectivity devices and launching Ray-Ben glasses.
And different versions of the virtual reality headset "Oculus" were introduced. The company indicated that augmented and virtual reality will be an essential part of its strategy in the coming years.
Facebook's rebranding comes after the company grappled with a barrage of news reports monitoring damage caused by its apps and services over the past month.