Social media giant Facebook today changed its name to Meta, during a live event in which it unveiled plans to build a "metaverse"... an online virtual environment where people can work, game, and communicate using VR headsets.
"Over time, I hope that we are seen as a metaverse company and I want to anchor our work and our identity on what we're building towards," Facebook founder and CEO Mark Zuckerberg said.
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The Facebook chief said that the Facebook brand was too limited to represent what the company wants to do in the future. However, the change of name and brand will represent Facebook's apps and its evolving work on augmented and virtual reality products.
"We're now looking at and reporting on our business as two different segments, one for our family of apps, and one for our work on future platforms.
"And as part of this, it is time for us to adopt a new company brand to encompass everything that we do, to reflect who we are and what we hope to build," Mark Zuckerberg added.
The company also unveiled a new sign at its headquarters in Menlo Park, California, replacing its thumbs-up like logo with a blue infinity shape.
Meanwhile, the word "meta" comes from the Greek word that means "beyond".
As MacRumors reports, this changes applies only to the parent company and does not apply to individual platforms, such as Facebook, Instagram, and WhatsApp.