In a declaration made by the organization’s Chief Executive Officer and co-founder, Mark Zuckerberg, on Thursday, October 28, he said that the company will now be called Meta.
Zuckerberg clarified the explanation for the name change expressing it is important for the rebranding, representing another future for the platform.
Talking at the company’s live-streamed virtual and augmented reality conference, he, however, said that Facebook, Instagram, and WhatsApp will retain their names.
“We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg shared during the developers conference.
He added, “Our applications and their brands, are not changing.”
In the new future envisioned by Zuckerberg, the platform will include all that the organization is intending to execute.
The tech giant claimed that the change would bring together its various applications and technological developments under one brand, however its corporate structure will stay unaltered.
“Right now, our brand is so tightly linked to one product, but over time, I hope we are seen as a metaverse company.”
Metaverse alludes to shared virtual climate which can without much of a difficulty be accessed to by people using various gadgets. It was begat in a dystopian novel more than thirty years ago.