The CEO of Facebook, Mark Zuckerberg reportedly revealed that his company is rebranding itself as ‘Meta’, to encompass its future vision of a ‘multiverse’. Calling ‘metaverse’ the new way, Zuckerberg explained that the word ‘meta’ is derived from the Greek word “beyond.”
The parent company took to Twitter on October 29, sharing its new identity. “Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection,” Facebook tweeted.
It is being suspected that the same is an attempt to change the subject from the Facebook Paper leak that threw Facebook off-track revealing several ways in which the platform ignored reports and warnings of harms caused by its own platform to the public.
Zuckerberg reportedly said that he expects the metaverse to reach a billion people within the next decade and will be a place people will be able to interact, work and create products and content, further creating millions of jobs for creators.
The announcement came at a time when the platform was facing serious legislative and regulatory scrutiny following revelations made by a whistleblower.
Also read: Is Facebook planning to change its name?
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