WATCH: Facebook’s Mark Zuckerberg Reveals New Name as Company Expands into Metaverse

By  //  October 28, 2021

Along with name change, company will also transition from its FB ticker symbol to MVRS

WATCH: At Facebook Connect, Mark Zuckerberg revealed a new company name, Meta, plus new VR and AR technologies the company is developing for the future.

(FOX NEWS) – As Facebook plans to go all-in on the metaverse, a virtual-reality space where users can interact with each other in a computer-generated environment, the tech giant has announced it will take on a new name: Meta.

“Today, we’re seen as a social media company. But in our DNA, we’re a company that builds technology to connect people, and the metaverse is the next frontier, just like social networking was when we got started,” Facebook CEO Mark Zuckerberg said at Thursday’s Connect 2021 event.

“From now on, we’re going to be metaverse first, not Facebook first. That means that over time, you won’t need to use Facebook to use our other services as our new brand starts showing up in our products. I hope that people come to know the Meta brand and the future that we stand for.” 

Zuckerberg emphasized that the company’s corporate structure and how it uses or shares data will not change.

However, beginning in the fourth quarter, Meta will report its Reality Labs segment separately from its family of apps, including Instagram and WhatsApp. The Facebook app, where users post personal updates and register likes, is not changing its name.

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