Facebook has changed its corporate name to ‘Meta’. According to Mark Zuckerberg, Facebook is changing its name to reflect its growing social media empire. Mark said he hoped his organisation would garner attention as a “metaverse” company.
The company said the new name would better “encompass” what it does now, a reference to its plans to invest in virtual reality. The firm has made clear its future goal is to create an online world, called Metaverse, where people can work, game and communicate in a virtual environment.
Meta will oversee all of the Facebook company’s products, including Facebook, Instagram, Messenger and WhatsApp, as well as any new efforts developed by the company.
The metaverse is a digital world where the real and virtual merge into a vision of science fiction and allows people to move between different devices and communicate in a virtual environment. In practical terms, it refers to augmented and virtual reality products and services.
The concept was coined by author Neal Stephenson in the 1992 science fiction novel “Snow Crash”. It refers to the merging of physical, augmented, and virtual reality in a shared online space.