The big news is Facebook is now “Meta“.

Over a period of time, since its launch in 2004, Facebook has become a household name. Every individual is on Facebook, be it for personal use to share photos with family  and friends or for business purpose or just to surf over internet to get news all around.

However, Mark Zuckerberg, has announced that, in a major rebranding task, Facebook will now be called as Meta. Lets see what does that imply.

Facebook CEO Mark Zuckerberg announced the new name as he unveiled plans to build a “metaverse” – an online world where people can game, work and communicate in a virtual environment, often using VR headsets. He said the existing brand could not “possibly represent everything that we’re doing today, let alone in the future”, and needed to change.

As done by Google in 2015, restructured its company calling its parent firm Alphabet. However, Google ahs remained same. Alphabet was created as a parent company to embrace the change and expand in in multiple products.

Similarly, the change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the parent company that owns them. A parent company will be created called a Metaverse. This new name—meant to encompass Facebook, Instagram, WhatsApp, Oculus, and the rest of the family—will clarify the company as a conglomerate, with ambitions beyond social media. The Facebook app might be the cornerstone of the company, but Zuckerberg has been very clear that the future of the company belongs to the metaverse.

The company also unveiled a new sign at its headquarters in Menlo Park, California, on Thursday, replacing its thumbs-up “Like” logo with a blue infinity shape.

What is the metaverse?

Facebook has just announced it’s going to hire 10,000 people in Europe to develop the “metaverse”. This is a concept which is being talked up by some as the future of the internet. But what exactly is it?

Metaverse

In fact, the belief is that it could be to VR what the modern smartphone is to the first clunky mobile phones of the 1980s.

Instead of being on a computer, in the metaverse you might use a headset to enter a virtual world connecting all sorts of digital environments.

Unlike current VR, which is mostly used for gaming, this virtual world could be used for practically anything – work, play, concerts, cinema trips – or just hanging out. Most people envision that you would have a 3D avatar – a representation of yourself – as you use it. But because it’s still just an idea, there’s no single agreed definition of the metaverse.

Stay Tuned for more detailed updates…