META – Facebook Announces New Name!

On Thursday, October 28th, Facebook CEO Mark Zuckerberg stated that the company’s new name will be ‘Meta.’ Under the ‘What We Build’ section of the website, facebook app, Messenger, Instagram, Whatsapp, Oculus, Workplace, Portal, and Novi are now listed.

Further, the new logo is formed like an infinity symbol that is slightly off-kilter, almost like a pretzel. According to The New York Times, Facebook, Instagram, and other applications will continue to exist, but under the Meta banner.

The company conducted a presentation today to unveil its rebranding and show off what it envisions the future of computers to look like but among all the fluff, there were some interesting tech demos.

The first demonstrated was lifelike Codex avatars and an environment in which they might inhabit, which was generated in real-time and reacted to real-world items, according to the firm.

Mark Zuckerberg also talked about Facebook’s development on brain interfaces, which allow you to control a computer with your fingertips.

According to the organization, metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will allow you to enjoy immersive experiences with others even when you are unable to be physically present with them and do things together that you would not be able to do in the actual world. It’s the latest stage in a long line of social technological advancements, and it ushers in a new era for our company. In a founder’s letter, Mark elaborated on this concept.

“With this new chapter, I’ve been thinking a lot about our identity,” Zuckerberg said at a virtual event showcasing Facebook’s future technology ambitions. “I’d like to think of us as a metaverse corporation in the future.”

In a talk at Facebook’s Connect conference, held digitally on Thursday, Chief Executive Officer Mark Zuckerberg remarked, “The metaverse is the next frontier.” “From now on, we’re going to prioritise the metaverse over Facebook.”

Facebook’s name change is the clearest indication yet that the corporation intends to stake its future on a new computing platform the metaverse, a concept conceived by science fiction novelists. People would congregate and converse in virtual surroundings, according to Facebook’s vision, whether they’re conversing with colleagues in a boardroom or hanging out with pals in far-flung corners of the globe.

Following a 4.8 per cent increase during market hours, shares of Canada’s Meta Materials Inc. which trades under the ticker name MMAT jumped as much as 26 per cent after the close of normal trading on Thursday. The company is now valued at around $1.3 billion, a fraction of a per cent of the value of the company formerly known as Facebook, thanks to the rise!