Facebook is changing its company name as it shifts its focus to the “metaverse” and confronts wide-ranging scrutiny of the real-world harms from its various platforms after a whistleblower leaked hundreds of internal documents. Founder Mark Zuckerberg said Thursday that Facebook will change its corporate name to Meta, effectively demoting Facebook’s namesake service to being just one of the company’s subsidiaries, alongside Instagram and WhatsApp, rather than the overarching brand.
Mark Zuckerberg announces Facebook’s umbrella company will now be known as Meta at the opening keynote to the Facebook Reality Labs event, Oculus Connect. Watch his full speech at Oculus Connect here
Facebook changed its name to Meta, CEO Mark Zuckerberg announced on Thursday. Zuckerberg said the rebranding will reflect its commitment to developing the immersive digital world known as the metaverse. “We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg said. “I am proud to announce that starting today, our company is now Meta. Our mission remains the same, still about bringing people together, our apps and their brands, they’re not changing,” he added. Watch the full video for more details.
At Facebook Connect, Mark Zuckerberg revealed a new company name, Meta, plus new VR and AR technologies the company is developing for the future. 0:00 – Meta name change 0:37 – The Metaverse 2:23 – Privacy and Safety 3:11 – Horizon Home 4:09 – Work in the Metaverse 6:06 – Developer Services/Fees 6:56 – Presence Platform 7:49 – Project Cambria 9:42 – Nazare Glasses