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Facebook, the social media behemoth, has announced a name change to Meta.
According to reports, the name change was caused by the company’s expansion into the nascent Metaverse.
Mark Zuckerberg, Facebook’s CEO, revealed this during the company’s annual Connect conference, but said the social media platform itself will still be known as Facebook, but the umbrella company will now be known as Meta.
He said while Facebook was one of the most used products in the world, the name no longer reflected the true breadth of its ambitions.
Zuckerberg detailed the company’s ambitions to build the metaverse, a theoretical digital universe with its origins in 1992 sci-fi novel Snow Crash, that Facebook projects will allow us to work, shop, learn and play in virtual reality spaces.