Fb is following in Google’s footsteps by renaming its dad or mum firm.
CEO Mark Zuckerberg confirmed the corporate will now be often called Meta – although its particular person platforms, together with Fb itself, will hold their present names.
He defined that whereas Fb was one of the used merchandise on the earth, the identify not mirrored the true breadth of the corporate’s ambitions.
Fb additionally owns Instagram, WhatsApp and Messenger, together with different merchandise such because the Oculus digital actuality headset.
Google made an identical transfer again in 2015, renaming its dad or mum firm Alphabet, to indicate the way it had grown past the unique search engine.
What does ‘meta’ imply?
Merriam-Webster dictionary defines the phrase “meta” as follows: “Exhibiting or suggesting an specific consciousness of itself or oneself as a member of its class.”
It will possibly additionally imply “regarding or offering details about members of its personal class”, in addition to being a prefix which means “after” or “past”.
Mr Zuckerberg has mentioned he hopes for Fb to turn out to be a “metaverse” firm, referring to a theoretical digital universe with its origins in Neal Stephenson’s 1992 sci-fi novel Snow Crash.
The metaverse permits people to work together as avatars, letting individuals work, store, study and play in digital actuality areas with out being bodily collectively.
In Stephenson’s e-book, the metaverse is the digital actuality successor to the web.
Why has Fb modified its identify?
Mr Zuckerberg advised the corporate’s annual Join convention: “Proper now, our model is so tightly linked to 1 product that it will probably’t probably symbolize all the things that we’re doing right this moment, not to mention sooner or later.
“Over time, I hope that we’re seen as a metaverse firm and I wish to anchor our work and our id on what we’re constructing in the direction of.
“We’re now and reporting on our enterprise as two completely different segments: one for our household of apps, and one for work on future platforms.”
He added: “Now we now have a brand new north star to assist carry the metaverse to life, and we now have a brand new identify that displays the total breadth of what we do and the longer term that we wish to assist construct. Any more, we’re going to be metaverse first, not Fb first.”
On the convention, Mr Zuckerberg additionally confirmed that, in future, individuals will not want a Fb account to make use of the corporate’s different companies.