Facebook Plans To Change Company Name, Does Facebook Change Company Name Metaverse?
Facebook Plans To Change Company Name - Facebook Inc is planning to rebrand itself with a new name that solely focuses on the metaverse and the new name is not yet decided. Facebook users are excited to know about Facebook Plans To Change Company Name. Read further to know Does Facebook Change Company Name Metaverse?
by Menaga K | Updated Oct 22, 2021
Facebook Plans To Change Company Name
The Facebook CEO Mark Zuckerberg has said that he’s been planning to change the facebook’s name and the new name will be announced in the upcoming week. He says that this time the company will focus more on metaverse. Since July, the Facebook group has invested more in VR and AR, they started developing hardware like its Oculus VR headsets and currently it is working on AR glasses and wristband technologies. Facebook is planning to develop a social virtual reality platform named Horizon Worlds and also a virtual-reality meeting service named Horizon Workrooms. Nick Clegg is Facebook's vice-president of global affairs and he has said that he is conducting meetings about metaverse with a virtual table and whiteboard.
Does Facebook Change Company Name Metaverse?
The word metaverse describes a digital world where people can move various devices and also can communicate in a virtual environment. Google adopted such a structure when it tried to reorganize into a holding company named Alphabet in the year 2015. Metaverse, the word was first coined in a dystopian novel three decades earlier, this word is popular in Silicon Valley. This has also been referenced by several other tech firms including Microsoft.
There is a special type of metaverse which makes use of blockchain technology. Within these platforms people can buy virtual land and digital assets using cryptocurrencies. The famous children's game Roblox, had its New York Stock Exchange debut in the month of March, and it describes itself as a metaverse company. Epic Games' Fortnite is also said to be part of the metaverse. Musicians will be able to do virtual concerts within these platforms. For example, in the month of September around millions of people watched the singer Ariana Grande virtually perform in Fortnite.
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What Is Facebook Changing Its Name To?
Since the core Facebook business has become less important to the group and by doing a name change may create a buzz among the people. Facebook is under wide-ranging scrutiny from global lawmakers and regulators over its policies and also the harms linked to its platforms. To solve all this and to lift the popularity rate of Facebook among the people, Zuckerberg plans to make a speech about the name change during the company's annual Connect conference which will be held on 28th October 2021. Facebook CEO Mark Zuckerberg said in the month of July that the company will make plans to transition from being a social media company to a metaverse company within the next five years or so. The world's biggest fashion companies have also tried to make virtual clothing, which people's avatars can try in metaverse environments.
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Facebook Plans To Change Company Name - FAQs
The CEO of Facebook is Mark Zuckerberg
The Facebook CEO Mark Zuckerberg has said that he’s been planning to change the facebook’s name and the new name will be announced in the upcoming week.
Facebook Inc is planning to rebrand itself with a new name that solely focuses on the metaverse
The word metaverse describes a digital world where people can move various devices and also can communicate in a virtual environment.
The fullform of AR - Augmented Reality
The fullform of VR - Virtual Reality
Facebook is planning to develop a social virtual reality platform named Horizon Worlds and also a virtual-reality meeting service named Horizon Workrooms.
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