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Social Media Giant Facebook Renamed as ‘Meta’

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Popular social media giant Facebook Inc. will now onwards be called as Meta. The company in a statement on Thursday revealed that in their aim to rebrand and build the “metaverse,” they named it “Meta.”

Meta will be a new corporate brand which will preside over Facebook and its existing services including the social media app  Instagram, messaging app WhatsApp along with its virtual and augmented reality R&D.

According to the company it will start by changing the ticker name on NASDAQ from 1st December as MVRS which will indicate Metaverse.

During company’s annual VR and AR conference, Facebook Connect, its CEO Mark Zuckerberg said, “In our DNA, we are a company that builds technology to connect people and the metaverse is the next frontier, just like social networking was when we got started.”

He said that the word ‘meta’ is derived from the Greek word meaning “beyond” and that “it symbolizes that there is always more to build.” The company envisions the metaverse as avatars playing chess, standing in a virtual concert, learning and working remotely.

“Right now, our brand is so tightly linked to one product that it can’t possibly represent everything that we’re doing today, let alone in the future,” said Zuckerberg.

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