Facebook changes company name to 'Meta'

• The social media company Facebook has changed its name. From now on the world will know Facebook as 'Meta'.
• Facebook founder Mark Zuckerberg made this announcement during a meeting. This change does not apply to individual platforms like Facebook, Instagram and WhatsApp, only the parent company name has been changed to 'Meta'.
• The company's focus is now on creating a metaverse that will open a virtual world where different tools can be used for transfer and communication.

Important Takeaways

About Metaverse 

• The Metaverse is a hypothetical future version of the Internet that consists of persistent, shared, 3D virtual areas that are linked into a perceived virtual cosmos. In a larger sense, the metaverse may relate not only to virtual worlds, but to the Internet as a whole, embracing the whole range of augmented reality.