![]() ![]() After Mark Zuckerberg announced parent company Facebook Inc's rebrand to Meta on Thursday the new name was immediately the subject of many memes."With all the novel technologies that are being developed, everyone who's building for the metaverse should be focused on building responsibly from the beginning," Zuckerberg said.You Meta believe it! Zuckerberg is mercilessly mocked after announcing parent company is changing name in desperate bid to distract from numerous scandals Facebook said it's looking at ways to prevent people from using another person's avatars, by tying it to an authenticated account or by verifying identity in another way. Solving its content moderation and data privacy problems will likely become more challenging as the social network doubles down on immersive environments that go beyond text, photos and video. ![]() Facebook also said it's working on a higher-end headset known as Cambria and on augmented reality glasses. The tech giant introduced more VR and AR tools during Facebook Connect, including a virtual social space for your home, messenger calling in VR, a marketplace for digital goods and a new app called Polar to easily create AR and filters without needing to know how to code. Facebook expects to spend $10 billion on its metaverse efforts this year. The other segment would include Facebook's apps such as Instagram and WhatsApp. The company said Monday it would break out Facebook Reality Labs, which houses its AR and VR products, into its own reporting segment in the fourth quarter. I believe that technology can make our lives better," Zuckerberg said.įacebook's new wave of controversy also hasn't stopped the company from doubling down on the metaverse, which the company sees as the successor to the mobile internet. The answer is that I believe that we're put on this Earth to create. "Some of you might be wondering why we're doing this right now. The social network says more than 40,000 people work on safety and security, and the company is on track to spend more than $5 billion on these issues this year. Facebook's new name focuses on metaverse - and everything else announcedįacebook has said its internal research is being mischaracterized to paint a "false picture" of the company.The funniest and memes and jokes about Facebook's new name.The Wall Street Journal and then a consortium of US and international news outlets published stories based on some of those documents. Now the social network is grappling with more allegations that it puts profits over user safety after former Facebook product manager turned whistleblower Frances Haugen leaked internal research to Congress and the US Securities and Exchange Commission. For years, the company has dealt with criticism that it doesn't do enough to safeguard privacy, combat hate speech and stop the spread of misinformation. ![]() It's also the most high-profile rebranding of a tech company since 2015, when Google formed its parent company Alphabet.Ī new corporate name, though, doesn't fix Facebook's seemingly endless list of problems. Facebook owns virtual reality headset maker Oculus, built Portal video chat devices and teamed up with Ray-Ban to release its first pair of smart glasses this year. The widely rumored rebranding underscores how Facebook, founded in 2004, has grown beyond social networking. In the next decade, he hopes there will be a billion users in the metaverse. In the next five to 10 years, Zuckerberg believes, these virtual experiences will become mainstream. In a preview of the metaverse, avatars are playing chess, standing in a virtual concert, learning and working remotely. ![]()
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