Social media giant, Facebook has announced the change of the name of its company to Meta.
It was gathered that the name change was as a result of the company’s expansion into the nascent Metaverse.
Facebook’s chief executive, Mark Zuckerberg who disclosed this during the company’s annual Connect conference, however said the social media platform itself will still retain the Facebook name, but the umbrella company will now be known as Meta.
He said while Facebook was one of the most used products in the world, the name no longer reflected the true breadth of its ambitions.
Zuckerberg detailed the company’s ambitions to build the metaverse, a theoretical digital universe with its origins in 1992 sci-fi novel Snow Crash, that Facebook projects will allow us to work, shop, learn and play in virtual reality spaces.