Why Facebook changed its name to Meta

Facebook owner, Mark Zuckerberg has announced that Facebook will now be called Meta which he said goes to show how “We are a company that builds technology to connect,” Zuckerberg said.

Mark Zuckerberg.

He went on to say that “Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy.”

“To reflect who we are and what we hope to build,” he added.

He said the name Facebook doesn’t fully encompass everything the company does. “Right now, our brand is so tightly linked to one product,” he said.

“But over time, I hope we are seen as a metaverse company.”

A statement on the company’s site reads, “The metaverse is the next evolution of social connection. Our company’s vision is to help bring the metaverse to life, so we are changing our name to reflect our commitment to this future.”

The rebrand is part of the company’s efforts to shift gears away from being known as just a social media company to focus on Zuckerberg’s plans for building the metaverse.

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