FACEBOOK has seen its fair share of controversy since its conception in 2004. Over 17 years later, founder Mark Zuckerberg has since announced changes – including new name Meta, vowing to create a “new internet”.
The Facebook company has changed its name to Meta, but the social networking app Facebook will keep its name. It has also adopted a new logo (is it just us or does that look familiar…). The name change is to bring the company’s “apps and technologies under one new company brand”, it said in a statement.
Since Facebook launched in 2004, the company has purchased social media apps Instagram and WhatsApp.
It has also invested in other technologies including digital wallet Novi, video-calling device Portal and virtual reality system Oculus.
A big part of the rebrand is also to focus Meta on bringing the “metaverse” to life.
But sceptics have suggested this is just an attempt to move attention away from the so-called Facebook papers.
The documents, leaked by a former Facebook employee, revealed how Facebook ignored or downplayed internal warnings about the negative and often harmful consequences its social network algorithms created or magnified across the world.
What is the meaning of metaverse?
The term metaverse is a portmanteau of the prefix ‘meta’, which is a Greek word meaning “beyond”, and “universe”.
Metaverse is a multiverse that interoperates more with the real world, and incorporates augmented reality overlays..
Movies like The Matrix, Ready Player One and Tron explore the concept, and it is often depicted as a corrupt system to which people living in a dystopian society escape to (sounds like fun right?).
The metaverse is a space in which the real world and the virtual world come together, bringing together virtual and augmented reality, the Internet and real life.
There will be digital representations of people in the metaverse, which will be called avatars. The avatars can perform a wide range of activities from interacting during work, attending concerts to gaming, and even wearing digital clothes.
Mr Zuckerberg said the metaverse would be a place where people could interact, work and create, and expects it to reach a billion people within the next decades.