New Delhi: The Facebook social media platform – the website and the mobile app – will still be called Facebook even if the company name has changed. Like many struggling businesses before it, Facebook is changing its name and logo.Also Read – Mark Zuckerberg Changes Facebook Name to Meta in Rebranding Effort; More attention to the virtual world
So even after the rebranding, why doesn’t the name of the Facebook app change to Meta? Also Read – Amid Hate Speech Allegations, IT Department Seeks Details About Facebook Algorithm And Processes: Sources
Facebook Inc. is now called Meta Platforms Inc., or Meta for short. The rebranding, to reflect what Facebook CEO Mark Zuckerberg said on Thursday, is his commitment to developing the new surround-yourself technology known as the “metaverse.” But the social network itself will always be called Facebook because only the name of the company changes.
It’s similar to how Alphabet is the company that owns Google, however, Google is still called Google. Alphabet Inc. was formed following a restructuring of Google on October 2, 2015 and became the parent company of Google and several former subsidiaries of Google.
Other applications under Facebook will not change the name either.
Facebook, the application does not change its name. The other apps are also not under Facebook – Instagram, WhatsApp and Messenger.
Its CEO and senior management, its corporate structure and the crisis that enveloped the company are also unchanged, at least for now. But on December 1, its shares will begin trading under a new ticker symbol, MVRS.
The names of the apps we build (Facebook, Instagram, Messenger, and WhatsApp) will remain the same.
– Meta (@Meta) 28 October 2021
What is the “Metaverse”?
The metaverse is sort of the Internet coming to life, or at least rendered in 3D. Zuckerberg described it as a “virtual environment” that you can walk into, instead of just staring at a screen. People can meet, work and play using virtual reality headsets, augmented reality glasses, smartphone apps, or other devices.
It will also integrate other aspects of online life such as shopping and social media, according to Victoria Petrock, an analyst who tracks emerging technologies.
Zuckerberg’s foray into virtual reality drew some comparisons to space adventures and jokes from other tech billionaires that it is perhaps understandable that he wants to escape his current reality amid calls for his resignation and to increasing scrutiny of the business.
Other tech companies like Microsoft, chipmaker Nvidia, and Fortnite maker Epic Games have all described their own take on how the Metaverse works.
Zuckerberg said he expects the Metaverse to reach a billion people over the next decade and that he hopes the new technology will create millions of jobs for creators.
Why did Facebook change its name to Meta?
The announcement comes amid increased legislative and regulatory scrutiny of Facebook in many parts of the world due to the Facebook Papers. A corporate rebranding is unlikely to solve the myriad problems revealed by internal documents or allay the alarms critics have raised for years about the damage the company’s products are causing to the company. .
Zuckerberg, for his part, widely called the fury unleashed by the Facebook Papers unfair.
In an interesting twist, the Chan Zuckerberg Initiative, the philanthropic organization led by Zuckerberg and his wife, Priscilla Chan, purchased a Canadian scientific literature analysis company called Meta in 2017.
On Thursday afternoon, however, his Meta.org website announced that he would be “going to bed” in late March. The Meta.com domain, meanwhile, was redirected to the famous former Facebook corporate site.
At headquarters in Menlo Park, Calif., The iconic thumbs-up sign that has long been outside has been repainted into a blue pretzel-shaped logo resembling an infinity symbol.
Explaining the rebranding, Zuckerberg said the Facebook name no longer encompasses everything the company does. In addition to the social network, this now includes Instagram, Messenger, its Quest VR headset, its Horizon VR platform and more.
(With contributions from The Associated Press)