Facebook rebrands as Meta to emphasize 'metaverse' vision
Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new surround-yourself technology known as the " metaverse." But the social network itself will still be called Facebook.
"Facebook is the world's social media platform, and they are being accused of creating something that is harmful to people and society," she said. "They can't walk away from the social network with a new corporate name and talk of a future metaverse." Zuckerberg's foray into virtual reality has drawn some comparisons to fellow tech billionaires' outer space adventures and jokes that perhaps it's understandable he would want to escape his current reality amid calls for his resignation and increasing scrutiny of the company.
The announcement comes amid heightened legislative and regulatory scrutiny of Facebook in many parts of the world because of the Facebook Papers. A corporate rebranding isn't likely to solve the myriad problems revealed by the internal documents or quiet the alarms that critics have been raising for years about the harm the company's products are causing to society.
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