The meaning behind the name Meta of the new company that owns the social network Facebook

What is Meta?

Meta is the name of new company founded by Mark Zuckerberg replaces the previous Facebook. After being established Facebook and previous services This is like Instagram WhatsApp Oculus… will become a subsidiary under the parent company Meta.

Explanation for the restructuring decision and renaming the company model Mark Zuckerberg, founder of Facebook, said this is a move to help this company escape the shadow of a simple social networking company and want to invest in building a “virtual multiverse. ” (metaverse).

“I think there’s been a lot of confusion and confusion about having the company name coincide with the name of one of our social networks,” Mark Zuckerberg said. I think it would be more helpful for people to have a company name that is different from a specific product name. This change will make that happen.”

As of date 1/12 of Facebook’s stock code will be changed from FB to MVRS.

Facebook’s move is similar to Google’s in 2015 when the company restructured to form the parent company Alphabet, bringing Google into the fold. became a subsidiary and no longer operates as a simple Internet search company.

What is Meta’s leadership like today?

The change of company name from Facebook to Meta is probably the biggest change of this social network since its first launch in 2004. However, this change does not have much impact on the superstructure and the company’s leadership team.

Mark Zuckerberg also added that the name Meta means “beyond” in Greek. shows the ambition to break away from the image of a simple social network company today.

To me it symbolizes that there is always more to build, always the next chapter of story” Mark Zuckerberg shared. “For us it’s a story that started in a college dorm room and grew beyond anything we could have imagined. I’m proud of what we’ve built so far.” today and excited about what’s next as we go beyond what’s possible today.”

“Go beyond the constraints of the screen beyond the limits of distance and physics towards a future where people can be present with each other creating new opportunities and experiencing new things,” Mark Zuckerberg added about the meaning of the new company name. “The future will go beyond anything we can imagine.”

In addition, the name Meta can also be an acronym for the metaverse (virtual multiverse) of the goal that Facebook is pursuing. aim to build.

What is Metaverse?

Metaverse is probably the most mentioned keyword in recent days; However, for many people this concept is still quite vague.

The concept of metaverse was first mentioned in the science fiction novel “Snow Crash” published by American writer Neal Stephenson. in 1992.

In simple terms, metaverse (virtual multiverse) is a virtual world created by computers where people can play games, work and connect with each other in a virtual environment. virtual. Each person can customize their own virtual character to represent themselves in this virtual world. Metaverse will help eliminate all geographical limitations to help people connect easily with each other but through a complete virtual world instead of a social networking application like Facebook today.

If you have ever seen some science fiction movies like “Ready Player One” Tron or “The Matrix”… then you can imagine Easier to understand the metaverse virtual world that Facebook is aiming for. Users can use virtual reality glasses, smart glasses… to join the virtual metaverse. That is also the reason why Facebook will invest heavily in the design and development of virtual reality glasses in the near future.

Mark Zuckerberg said Meta will spend 10 billion USD in the next few years to build the metaverse virtual world and set a goal of one billion metaverse users in the next 5 to 10 years. This shows that Zuckerberg is very confident in the future that Meta is building.

Is metaverse the right direction for Facebook? Time will have the answer. However, Facebook clearly has a reason to target the virtual metaverse at the present time when the epidemic spreading globally shows the urgent need for new technologies for remote working and conferencing.< /p>”