Meta is now the name of Facebook’s social media platform. The news was announced by Facebook’s CEO Mark Zuckerberg. In the next decade, it is expected that 1 billion people will be connected through the Metaverse.
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A big announcement has been made for people active on social media. Facebook, a major social networking platform, has changed its name to “Meta”. In order to embrace digital transformation for the future, Facebook’s chief executive, Mark Zuckerberg, announced the company’s name change to Meta on Monday.
The “metaverse” is what Zuckerberg calls it. Although, It has been argued that it could be an attempt to divert attention from the controversy surrounding the Facebook Papers leak.
Mark Zuckerberg predicts that one billion people will be interacting with the metaverse within a decade. Metaverse will enable people to create products and content and to communicate with each other. “Millions” of new jobs will be generated for creators via this platform, he hopes.
Zuckerberg has sought to rebrand his social media platform to make it stand out. Mark Zuckerberg wants Facebook to be recognized as more than just a social media platform. Facebook has been renamed to Meta in this sequence.
Facebook is experiencing an existential crisis at the time of Mark Zuckerberg’s announcement. In response to the Facebook Papers, many countries are reviewing their legislative and regulatory frameworks.
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