343iBot Posted October 28, 2021 Report Share Posted October 28, 2021 As suspected, Facebook announced a new name today during its Facebook Connect event. Mark Zuckerberg announced a new parent company, called Meta, under which Facebook will operate. Zuckerberg said he hopes Facebook can become known more as a metaverse company as opposed to a social media company. The new name is part of that ambition. Zuckerberg also clarified that users will not need Facebook to access its services going forward. "Meta's focus will be to bring the metaverse to life and help people connect, find communities, and grow businesses," the company said. "The metaverse will feel like a hybrid of today's online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can't be together--and do things together you couldn't do in the physical world. It's the next evolution in a long line of social technologies, and it’s ushering in a new chapter for our company." The company said its corporate structure will remain intact, but the way in which it reports earnings will change. Beginning in Q4 2021, Meta will announce earnings for two segments: Family of Apps and Reality Labs. Additionally, the company's stock exchange ticker will change to MVRS beginning December 1. Developing... View the full article Quote Link to comment Share on other sites More sharing options...
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