Facebook chief Mark Zuckerberg announced the name change, one of the biggest disasters in the company’s history. The company will be known as ‘Meta’ with all the services. However, the name of the main social media is Facebook. The new name refers to the company’s new initiative ‘Metaverse’. Mark Zuckerberg, the head of the company, had earlier hinted at focusing on creating a new kind of workplace with the virtual world and hardware.
CEO Zuckerberg made the announcement
CEO Zuckerberg made the announcement on Thursday at the company’s annual hardware event, Connect. At the annual event, the company usually talks about products such as portal video devices and Oculus headsets. “From now on, we are going to be the first metavars. Not Facebook in the first place, ”Zuckerberg said in his keynote address at the Connect event. “Facebook is one of the most used products in the world. But at the moment, our brand is so closely associated with a product that it can’t contain everything we do. ”
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The renaming is part of a larger effort to divert attention from the recent revelations that Facebook’s social media-centric business is playing a key role in the various social harms, the report said. In the United States, Facebook is already facing a legal question that will probably be difficult for Facebook to answer satisfactorily. Recently, several former employees of Facebook who leaked information came to the public, leaking a large number of internal documents and research reports of the organization.
How Facebook is indirectly behind social polarization in various countries, how ordinary users are caught in the trap of lies and deceptions, and how the organization’s failure to stop extremist political supporters contributed to the January 7 Capitol Hill violence – is revealed in the former worker’s leaked documents. In response to the leaked documents, lawmakers in various countries are threatening to impose new restrictions on Facebook and the entire technology industry. They are also demanding more detailed information on how much Facebook knew.
However, Facebook says that the “Facebook Papers” is in fact “a concerted effort to misrepresent the organization using specific leaked documents”.Facebook was planning the change before the US daily Wall Street Journal published a report based on internal documents. Zuckerberg had previously told his colleagues that he no longer wanted to be the only one dealing with institutional headaches elsewhere, including in Washington; He wants to focus on transforming Facebook into ‘Metaverse.
Facebook started its journey as a social network
Facebook started its journey as a social network in a college dorm room 17 years ago. But Facebook now dominates a large part of the technology services market, including Instagram, WhatsApp, and Messenger. Although the hardware and online transaction service-based business is still in its infancy, Facebook is also advancing in this sector. In such a situation, many people involved in the technology sector, including the employees of the company, thought that it was time to change the name of the original company.
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Facebook is not changing its name as the first company in Silicon Valley. In 2015, Google changed the name of the original company to Alphabet. Snapchat has changed its name to establish itself as a camera company. Apple Inc. was renamed Apple Inc. in 2006, shortly after the introduction of the iPod and iPhone. Earlier this year, Zuckerberg announced that the company would one day be known as Metaverse. Zuckerberg then announced plans for a virtual reality headset for professional video conferencing, unveiling a smart-glass in partnership with Ray-Ban.
He has promoted longtime friend Andrew Bosworth to the company’s new chief technology officer. Subsequently, Facebook announced the hiring of 10,000 new employees in the European market for ‘Metaverse Related’ positions. Zuckerberg, on the other hand, announced that the hardware department would be added as a separate line in future reports when the organization’s latest financial report is released; He said that investing in this sector would result in a profit of হাজার 1 trillion by 2020.