Facebook rebrands as Meta to emphasise ‘metaverse’ vision

Expect the metaverse to reach a billion people within the next decade, says Mark Zuckerbeg

October 29, 2021 12:22 am | Updated 10:49 am IST - OAKLAND

Facebook debuts its new company brand, Meta.

Facebook debuts its new company brand, Meta.

Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Mr. Zuckerberg calls the “metaverse .”

Skeptics point out that it also appears to be an attempt to change the subject from the Facebook Papers , a leaked document trove so dubbed by a consortium of news organizations that include The Associated Press. Many of these documents, first described by former Facebook employee-turned-whistleblower Frances Haugen, have revealed how Facebook ignored or downplayed internal warnings of the negative and often harmful consequences its social network algorithms created or magnified across the world.

 

Mr. Zuckerberg says he expects the metaverse to reach a billion people within the next decade. The metaverse , he says, will be a place people will be able to interact, work and create products and content in what he hopes will be a new ecosystem that creates “millions” of jobs for creators.

The announcement comes amid an existential crisis for Facebook. It faces heightened legislative and regulatory scrutiny in many parts of the world following revelations in the Facebook Papers.

In explaining the rebrand, Mr. Zuckerberg said the name “Facebook” just doesn't encompass “everything we do” any more. In addition to its primary social network, that now includes Instagram, Messenger, its Quest VR headset, its Horizon VR platform and more.

 

“Today we are seen as a social media company,” Mr. Zuckerberg said. “But in our DNA we are a company that builds technology to connect people.” The name of the Facebook social network will not change.

Metaverse, he said, is the new way. Mr. Zuckerberg, who is a fan of classics, explained that the word “meta” comes from the Greek word “beyond.”

A corporate rebranding won’t solve the myriad problems at Facebook revealed by thousands of internal documents in recent weeks. It probably won’t even get people to stop calling the social media giant Facebook — or a “social media giant,” for that matter.

 

But that isn’t stopping Mr. Zuckerberg, seemingly eager to move on to his next big thing as crisis after crisis emerges at the company he created.

While largely dismissing revelations from the the Facebook Papers as unfair criticism, Mr. Zuckerberg has focused on building a virtual environment you can go inside of instead of just looking at on a screen.

Just as smartphones replaced desktop computers, Mr. Zuckerberg is betting that the metaverse will be the next way people will interact with computers — and each other. If Instagram and messaging were Facebook’s forays into the mobile evolution, Meta is its bet on the metaverse. And what’s better than a name change to show how serious he is?

Top News Today

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.