Facebook has rebranded as Meta, a move intended to reflect Mark Zuckerberg's positioning of the company as focused around 'metaverse' experiences
’s social services and AR/VR businesses, is intended to reflect Zuckerberg’s positioning of the company as focused around “metaverse” experiences and services, which he hopes will reach 1 billion people in the next decade.
“From now on, we’re going to be metaverse-first, not Facebook-first,” he added, which means that over time users will not need to use Facebook to access the company’s other products. “Today we’re seen as a social-media company,” but the company’s DNA revolves around building technology to connect people, Zuckerberg said, “and the metaverse is the next frontier.”With the new Meta name, the company plans to start trading under the new stock ticker symbol “MVRS” on NASDAQ starting Dec. 1. The full corporate moniker is “Meta Platforms, Inc.” The company said that the announcement “does not affect how we use or share data.
The company also is working on Project Nazare, which will be “full AR” smart glasses, in addition to the recently introduced Ray-Ban Stories . It’s also developing technology to enable an immersive, all-day metaverse experience, Zuckerberg said. He called out the company’s work in, built on electromyography inputs to translate a person’s electrical motor nerve signals into commands for virtual experiences.
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