Facebook is no longer Facebook. She is dead. Facebook CEO Mark Zuckerberg announced the news at the company’s Connect event last night. However, the name change does not apply to its individual platforms, such as Facebook, Instagram and WhatsApp. It will only be applicable to the parent company you own.
Here are five things you should know about Facebook’s rebranding:
Why did the name change?
The tech giant’s rebranding comes as the company faces criticism from regulators and lawmakers for its policies, market power, algorithms, and more about data security and privacy.
Meta: Meaning and Importance
Mark Zuckerberg mentioned in his letter that the word “meta” is derived from the Greek word meaning “after”. He said the word symbolizes that there is always more to build. “We are seen today as a social media company, but in our DNA, we are a company that builds technology to connect people, and metaverse is the next frontier just as social networking was when we started,” Zuckerberg added.
Applications, brands do not change: Zuckerberg
In the letter, the social media giant’s CEO indicated that the name change would not affect the way Facebook and other apps operate. “Our apps and their brands don’t change either. We are still the company that designs technology around people,” Zuckerberg says. You will still use Facebook, WhatsApp and Instagram the way you used to. From now on, the company will be Metaverse first, not Facebook first. It will not be a media company. social anymore, it’s just a social media app that’s part of the meta.
Is Facebook changing its logo, too?
Yes really. The company has created a new mark/logo at its headquarters in Menlo Park, California to replace the previous one.
Zuckerberg on Facebook
CEO Mark Zuckerberg called the Facebook paper an unfair criticism. The company, formerly known as Facebook, said it plans to start trading under the “MVRS” stock ticker on December 1.
What is Mark Zuckerberg’s profile now?
The job title on Mark Zuckerberg’s personal Facebook page has been changed to “Founder and CEO at Meta”. “Probably,” Zuckerberg told The Verge about his plans to remain as CEO at Facebook for the next five years, “I don’t have a set date for how long I want to do this. I guess what I can say is I’m really excited for the next chapter of what we’re doing.”