Facebook CEO, Mark Zuckerberg has announced a new company, Meta, during their recent Connect event.
The reveal came more than a week after Zuckerberg teased the public that Facebook will be getting a new name.
They even own the rights to the official @meta Twitter handle, with the link in the bio redirecting users back to a Facebook page explaining what Meta is.
According to Zuckerberg, the Meta name is an abbreviation of a familiar metaverse; a term used typically describing the concept of a future iteration of the Internet.
The concept is made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe.
Meta will focus on extending and enable users to reach out across Virtual Reality (VR), Augmented Reality (AR), and Smart Glasses technologies.
Zuckerberg added that Facebook will invest around RM622 million in AR and VR training and resources for content creators that want to learn a new skill.
Because the Internet is the Internet, Facebook’s name change did not go without ridicule. The memes and mocking started even before the announcement happened, CNET has compiled the greatest of them here.
Should You Worry About The Name Change?
Meta will be taking the role of a parent company with applications like Facebook, Instagram, WhatsApp, and Oculus to keep their respective services.
This is not the first time a tech giant decided to rebrand itself, in 2015 Google renamed itself to Alphabet which now is the search engine’s parent company.