Facebook: On a day full of futuristic ideas, Facebook presented in more detail how the metaverse should work. However, the company decided to make a bigger change: “change its name”. Thus, Meta is born, a holding that will control Facebook, WhatsApp, Instagram and other Facebook platforms and projects.
“The word ‘Meta’ comes from the Greek word meaning ‘beyond’. To me it symbolizes that there is always something more to build. There is always a new chapter for a story. For us, it is a story that started in a bedroom, and it has grown beyond anything we could imagine,” announced Mark Zuckerberg, CEO of Meta and co-founder of Facebook.
“I’m proud of what we’ve built so far and excited for what’s next. As we move towards what’s possible today, beyond the limitations of screens; beyond physical limits and distances and towards a future where everyone can be present with each other, create new opportunities and try new things,” said the executive.
During the presentation — which started with Facebook and then moved to Meta — Zuckerberg also said that the company learned “a lot from struggling with social issues” and that now “it’s time to take everything we’ve learned and help build the next chapter”. “And if this is the future you want to see, I hope you’ll join us, because the future will be beyond anything we can imagine.”
“The future is beyond what we can imagine”
In a letter also published today, Zuckerberg said his company “focuses on connecting people.” The Meta should lead the advance of the metaverse, the company’s main bet for the future.
Change of air, but not many
The decision to change, he explained, is because the Facebook brand “is so closely tied to a product [Facebook] that it can’t represent everything we do today, let alone in the future.” The company also made it clear that the corporate structure will not change, but the way they report their finances will. The same happens with Google, since 2015, which became a company of Alphabet, the company that controls the conglomerate.
In the midst of change, Meta needs to address Facebook’s most mitigating issues. In recent weeks, former employees have made statements and leaked documents that put the company’s credibility at risk. The complaints cite that Facebook was aware of the damage to mental health that it causes in teenagers, but that it made progress in projects in favor of profit. The company denies the accusations, despite having, in fact, carried out studies on the subject.