On Thursday, Facebook Inc renamed them as Meta for Metaverse Vision. The change in the company’s name helps them to battles criticisms from lawmakers and regulators over its market power for algorithmic decisions and the policing of abuses on its platforms.

This will bring together all its different apps and technologies under one new brand without changing its corporate structure. In the company’s live-streamed virtual and augmented reality conference, CEO Mark Zuckerberg speaks that the new name reflected its focus on building the metaverse.

CEO Mark Zuckerberg

This metaverse term is first coined found in a dystopian novel three decades ago. Now, it is attracting buzz in Silicon Valley that means the idea of a shared virtual environment that can be accessed by people using different devices.

Even, he also said that privacy and safety need to be built into the metaverse. Plus, the former Facebook employee Frances Haugen’s leaked documents showed that the company chose profit over user safety. Earlier, Zuckerberg also said that the documents were being used to paint a “false picture.”

Facebook

He has increasingly been promoting the idea of Facebook that he has invested heavily in augmented and virtual reality. Even, he said that this is a “metaverse” company rather than a social media one.

While, during the live-streamed Facebook Connect event, the CEO also gave examples of privacy and safety controls that would be needed in the metaverse. It includes the ability to block someone from appearing in your space.

Furthermore, he also bets that the metaverse will be the next big computing platform, calling it “the successor to the mobile internet.”

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While the whistleblower documents were first reported by the Wall Street Journal, which shows internal research and employee discussions on Instagram’s effects on the mental health of teens.

Whether Facebook stokes divisions, as well as its handling of activity around the Jan. 6 Capitol riot and inconsistencies in content moderation for users around the globe.

Although, the company launched a way for people using its Oculus VR headset to call friends using Facebook Messenger. But, those people who want to invite others to a social version of their home, dubbed “Horizon Home,” to talk and play games as avatars

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