California (Web Desk) Facebook, the largest social networking site, has changed the name of its company to 'Meta'.
According to foreign media reports, Mark Zuckerberg, the founder of the most used social media website in the world, announced that we have changed the name of our company to Meta.
Facebook management says that now our name is what we do, users will be able to work, chat and play games in a virtual environment.
— AFP News Agency (@AFP) October 28, 2021
"Together we can bring people to the center of technology, and together we can build a larger economy," wrote Mark Zuckerberg. At the moment our brand is firmly attached to a product (Facebook), but over time we are expected to be seen as a metaverse company.
Facebook Inc. (FBO) has faced criticism from global regulators and U.S. lawmakers over its policies and business regulations, prompting the company to change its name and work under a new name. Made
According to the report, the plan calls for Facebook's leading apps, such as Instagram and WhatsApp, to be run under a watchdog. Google has undergone a similar transformation before when it set up a new company called Alphabet in 2015.
Mark Zuckerberg, Facebook's chief executive, has previously spoken of Metaverse, which he says is a digital world where people can stay in touch with each other through different devices in a virtual environment.
Since July, the company has invested heavily in virtual reality and augmented reality, software such as Oculus VR, AR Glasses, and wristband technology.
The decision comes at a time when Facebook is facing strong criticism from lawmakers and regulators around the world due to the company's policy regarding the content posted on Facebook and the risks associated with that content. ۔