Oakland (USA):There is a big news for people active on social media. Facebook, a major social media platform, has changed its name to ‘Meta’. Facebook’s Chief Executive Officer (CEO) Mark Zuckerberg has said that his company will now be known under the new name ‘Meta’ as part of an effort to incorporate digital change for the future. Zuckerberg calls it the “Metaverse”. However, critics say it may be an attempt to divert attention from the controversy over the leak of the document from Facebook Papers.
Mark Zuckerberg says he expects the metaverse to reach a billion people within the next decade. He says that ‘Metaverse’ will be a platform on which people will be able to communicate and work to create products and content. He hopes it will be a new platform that will create “millions” of jobs for creators.
Mark Zuckerberg has long wanted to rebrand his social media platform to differentiate it. Zuckerberg wants Facebook to be recognized where it is not seen as just a social media platform. In this sequence, the name of Facebook has been changed to Meta.
Mark Zuckerberg has made this announcement at a time when Facebook is facing an existential crisis. It is facing legislative and regulatory scrutiny in many parts of the world following the revelations in Facebook Papers.