Facebook becomes Meta

Facebook (the company) has rebranded as Meta in a move towards a new way of connecting, finding communities and doing busines. The social media app’s name remains unchanged.

A metaverse is where people and everything exists in a virtual world. It’s been a trend that has been shared and experimented by the likes of Autodesk, NVIDIA and Shopify.

“In the metaverse, you’ll be able to do almost anything you can imagine — get together with friends and family, work, learn, play, shop, create — as well as completely new experiences that don’t really fit how we think about computers or phones today,” said Mark Zuckerberg, CEO of Meta, in a statement.

“In this future, you will be able to teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parents’ living room to catch up. This will open up more opportunity no matter where you live. You’ll be able to spend more time on what matters to you, cut down time in traffic, and reduce your carbon footprint,” he added.

The name change will be effected as MVRS on NASDAQ on December 1.

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