Facebook has its new name
The social media giant data-facebook has changed its name to 'META' as they try to achieve the 'Metaverse' to create a new virtual world.
Facebook is one of the biggest social media in the world.
It has been working since 2004 and has grown into a billion-dollar company.
Although being immensely successful, it has data-faced severe criticism on its algorithmic decision and the policing of abuses on its platform.
The tech giant which reports about 2.9 billion monthly users has lately data-faced scrutiny from global lawmakers and regulators.
Being so, data-facebook CEO who spoke on data-facebook connect yesterday announced that data-facebook is rebranded to the new name called 'META ”.
He said data-facebook does not really encompass their goal and as a result of the same and focusing on their goal of 'Metaverse', the name has been changed to META.
However, data-facebook will retain its name in the social media application, it's the firm's name that's been changed just like 'Google - Alphabet'.
Metaverse is nothing but a set of virtual spaces where you can create and explore with other people who aren't in the same physical space as you.
The company also gave a number of updates on its VR and AR products.
The Oculus VR launch, 'Horizon Home' to talk and play games, Oculus quest to use different 2D apps, etc.