• Home
  • About
  • Blog
  • Advertise
  • Contact
No Result
View All Result
Ideasgist
Advert for @ideasdmedia
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
No Result
View All Result
Ideasgist
No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
  • Sport
  • News
  • Entertainment
  • Lifestyle
  • More Topics
Ideasgist Advert Ideasgist Advert Ideasgist Advert
ADVERTISEMENT

Facebook Changes Its Name To Meta In Major Rebrand

by Oluwaseyi Olaniyi
October 29, 2021
in Tech, News
Reading Time: 3 mins read
A A
Facebook, Instagram Users Can Now Ask ‘Oversight’ Panel To Teview Decisions Not To Remove Content

Facebook on Thursday announced that it has changed its company name to Meta.

The name change was announced at the Facebook Connect augmented and virtual reality conference.

The new name reflects the company’s growing ambitions beyond social media.

Facebook, now known as Meta, has adopted the new moniker, based on the sci-fi term metaverse, to describe its vision for working and playing in a virtual world.

AlsoRead:

Introducing Ectolife, the World’s First Artificial Womb Facility.

Twitter Founder Jack Dorsey is Creating a New Social Network. Look Out, Elon.

Twitter Is Finally Adding An Edit Button!

“Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” Meta CEO Mark Zuckerberg said.

The company also said in announcing the new name that it will change its stock ticker from FB to MVRS, effective Dec. 1.

Meta’s stock price closed up on Thursday.

In July, the company announced the formation of a team that would work on the metaverse. Two months later, the company said it would elevate Andrew “Boz” Bosworth, who is currently the head of the company’s hardware division, to the role of chief technology officer in 2022. And in its third-quarter earnings results on Monday, the company announced that it will break out Reality Labs, its hardware division, into its own reporting segment, starting in the fourth quarter.

“Our hope is that within the next decade, the metaverse will reach a billion people, host hundreds of billions of dollars of digital commerce, and support jobs for millions of creators and developers,”

Zuckerberg wrote in a letter on Thursday. Over the past few years, the company has ramped up its efforts in hardware, introducing a line of Portal video-calling devices, launching the Ray-Ban Stories glasses and rolling out various versions of the Oculus virtual-reality headsets.

The company has indicated that augmented and virtual reality will be a key part of its strategy in the coming years.

The company also said this week it’d spend about $10 billion over the next year developing the technologies required for building the metaverse.

Zuckerberg on Thursday provided a demonstration of the company’s ambitions for the metaverse.

The demo was a Pixar-like animation of software the company hopes to build some day. The demo included users hanging out in space as cartoon-like versions of themselves or fantastical characters, like a robot, that represent their virtual selves. Zuckerberg used part of it to accuse other tech firms of stifling innovation with high developer fees.

Zuckerberg said a lot of this is a long way off, with elements of the metaverse potentially becoming mainstream in five to 10 years. The company expects “to invest many billions of dollars for years to come before the metaverse reaches scale,” Zuckerberg added.

“We believe the metaverse will be the successor to the mobile internet,” Zuckerberg said.

Additionally, Meta announced a new virtual reality headset named Project Cambria. The device will be a high-end product available at a higher price point than the $299 Quest 2 headset, the company said in a blog post. Project Cambria will be released next year, Zuckerberg said.

Meta also announced the code name of its first fully AR-capable smart glasses: Project Nazare. The glasses are “still a few years out,” the company said in a blog post. Zuckerberg said “we still have a ways to go with Nazare, but we’re making good progress.”

The re-branding comes amid a barrage of news reports over the past month after Frances Haugen, a former employee turned whistleblower, released a trove of internal company documents to news outlets, lawmakers and regulators.

The reports show that the company is aware of many of the harms its apps and services cause but either doesn’t rectify the issues or struggles to address them. More documents are expected to be shared daily over the coming weeks.

In a call with analysts on Monday, Zuckerberg vehemently refuted the claims and critiques in the reports stemming from the documents provide by Haugen.


Like us on Facebook. Follow us Twitter and Instagram. Subscribe to our YouTube Channel. Join our WhatsApp Group and Telegram Channel. Read more on Latest News, Tech News, Media and lot more.

SUBSCRIBE TO OUR NEWSLETTER





Tags: facebookMeta
ShareTweetSendShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
ADVERTISEMENT
Previous Post

Panic As Bitcoin Crashes, Swallows Millions Of Pounds In Cryptocurrency Markets

Next Post

Nigerian Banks To Stop Accepting Old £20, £50 Notes From Dec 31

Oluwaseyi Olaniyi

Oluwaseyi Olaniyi

Related Posts

Facebook, Instagram Users Can Now Ask ‘Oversight’ Panel To Teview Decisions Not To Remove Content
News

Facebook, Instagram To Open New Channels For Content Creators To Make Money

June 21, 2022
Facebook To Discontinue Features Including ‘Nearby Friends’, Others
Tech

Facebook To Discontinue Features Including ‘Nearby Friends’, Others

May 9, 2022
Mark Zuckerberg Falls Out Of Top 10 Rich List After Losing $30B Yesterday
News

Mark Zuckerberg Falls Out Of Top 10 Rich List After Losing $30B Yesterday

February 4, 2022
Facebook, Instagram Users Can Now Ask ‘Oversight’ Panel To Teview Decisions Not To Remove Content
Tech

Facebook Shares Drop By 20% After Losing Traffic For First Time

February 3, 2022
Sofiat: We Got Money Ritual Guidelines From Facebook – Ogun Teenage Boys
News

Sofiat: We Got Money Ritual Guidelines From Facebook – Ogun Teenage Boys

February 1, 2022
Facebook Planning To Change Its Name Next Week To Shake Off Multiple Scandals
Tech

Facebook Planning To Change Its Name Next Week To Shake Off Multiple Scandals

October 20, 2021
Load More
Next Post

Nigerian Banks To Stop Accepting Old £20, £50 Notes From Dec 31

Please login to join discussion

#Talk – Sp3ncer (Prod , m&m Deravibez)

http://ideasgist.com.ng/wp-content/uploads/2022/11/Talk-Sp3ncer-Prod-mm-Deravibez-mp3.mp3
  • Trending
  • Comments
  • Latest
mapoly

Does Mapoly Accept Second Choice?

August 17, 2019 - Updated on August 28, 2022

How To Check Acceptance Fee Payment Not Reflecting On Your Portal

November 22, 2018
Tiwa Savage Lookalike Kash Doll Is The One On The Viral S*x Tape Not Tiwa Savage

Tiwa Savage Lookalike Kash Doll Is The One On The Viral S*x Tape Not Tiwa Savage

October 13, 2021
Gionee G13 Pro Price In Nigeria, Full Speculation

Gionee G13 Pro Price In Nigeria, Full Speculation

February 4, 2022
Tesla To Recall 135,000 Vehicles Over Touchscreen Issue

Tesla To Recall 135,000 Vehicles Over Touchscreen Issue

February 3, 2021

The Polytechnic, Ibadan Includes Certificate Of National Diploma Among Clearance Criteria

December 17, 2018

How to Generate OTP for GTBank Without Hardware Token

November 24, 2019 - Updated on August 28, 2022
Ectolife Hashem

Introducing Ectolife, the World’s First Artificial Womb Facility.

December 11, 2022
How to Block Your Bank Account with Code if ATM Card is Stolen

How to Pay for Subscription (DSTV, GOTV) with GTBank

December 9, 2019 - Updated on August 28, 2022

Yabatech E-screening Document Required for Higher National Diploma (HND) Full-time and Part-time Students

December 18, 2018 - Updated on August 30, 2022
Ectolife Hashem

Introducing Ectolife, the World’s First Artificial Womb Facility.

December 11, 2022
BlueSky

Twitter Founder Jack Dorsey is Creating a New Social Network. Look Out, Elon.

December 11, 2022
Waec

How to Know If Your WAEC Result Has Been Uploaded

October 18, 2022
Lasustech

LASUSTECH Celebrates Successful Hosting of NUC Resources Verification Team.

October 1, 2022 - Updated on October 18, 2022
Saving Icon 3d Illustration from Investment Collection Creative Saving 3d Icon Web Design Templates Infographics More 67690

How To Keep Your Savings Safe and Earn Monthly Interest: The Right Investment Options for You

September 8, 2022
Jamb

Can’t Input or Access Your Registration Number on Jamb?

September 8, 2022
Twitter Edit Button 768x432

Twitter Is Finally Adding An Edit Button!

September 5, 2022
Sanwo-Olu Donates Two Two High-Capacity Buses, Fast-Speed Internet To Students Of Newly Upgraded Lagos State University of Science and Technology

Sanwo-Olu Donates Two Two High-Capacity Buses, Fast-Speed Internet To Students Of Newly Upgraded Lagos State University of Science and Technology

August 28, 2022
Lagos State University of Science and Technology (LASUSTECH) Takeoff Courses 2022/2023

Lagos State University of Science and Technology (LASUSTECH) Takeoff Courses 2022/2023

August 4, 2022
Big Brother Naija Season 7

Big Brother Naija 2022 Season 7

July 28, 2022
Facebook Instagram Twitter Youtube TikTok Telegram

An online media website for latest news and updates in Technology, Business, Education, Sports, Politics, Entertainment, Health, Fashion...and many more.

About

  • Advertise
  • Contact
  • Newsletter

Quick Links

  • Privacy
  • Terms of Use
  • DMCA

2022 Ideasgist ™ | A Subsidiary of iMultiple Holdings | All rights reserved.
Website Developed by Ideas Digital Media.

No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job

2022 Ideasgist ™ | A Subsidiary of iMultiple Holdings | All rights reserved.
Website Developed by Ideas Digital Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?