Facebook to Change Company Name to Meta in Focus on Metaverse

from The Wall Street Journal,

Social-media service will retain Facebook name even as umbrella company readies billions of dollars in investments in its new mixed-reality platform.

“Over time I hope our company will be seen as a metaverse company,” Mr. Zuckerberg said Thursday. He unveiled the new name for the company that also includes Facebook, Instagram, WhatsApp and other products at Facebook’s annual developer event, where he detailed his vision for the metaverse that he sees as key to the social-media giant attracting a younger audience. “We’ve gone from desktop to web to phones, from text to photos to video, but this isn’t the end of the line,” Mr. Zuckerberg said at the social-media giant’s annual developer forum called Facebook Connect. “We believe the metaverse will be the successor to the mobile internet.”

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