Facebook Officially Changed Name to Meta! What’s Mark Zuckerberg’s Next Plan?

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Facebook Officially Changed Name to Meta! What’s Mark Zuckerberg’s Next Plan? – The surprising news comes from Mark Zuckerberg’s company. Not just talk, this time Facebook Inc. has officially changed its name to Meta.

In recent times, Facebook has managed to steal the public’s attention. Not only achievements, a number of polemics must also overshadow the company that Mark Zuckerberg has built since 2004.

Throughout 2021, Statista data noted, Facebook Inc. managed to become the market leader and number one social media you know! Even so, Facebook, which won a valuation of US$1 trillion in mid-2021, had to deal with The Facebook Papers report.

For your information, the report published by The Wall Street Journal highlighted a number of cases, such as the special program for elite users of Facebook (XCheck), the Facebook News Feed algorithm, and the Instagram platform that were reported to have interfered with the mental health of American teenagers.

Interestingly, in the midst of this polemic, Facebook actually plans to rebrand.
As a result, it is not just a discourse, because now Facebook Inc. has changed to a new face with the name Meta.

Mark Zuckerberg’s Plans After Turning into Meta

Previously, The Verge mentioned that Facebook’s rebranding would focus on the metaverse. Reported by Bloomberg, there are a number of future plans that will be carried out by Mark Zuckerberg’s company after changing its name to Meta.

1. Build the Metaverse

Mark Zuckerberg said the key to Facebook’s future lies in the concept of the metaverse. In Meta vision, people will gather and communicate by entering a virtual environment.

So, activities that are usually carried out by meeting each other in person can now be done virtually. For example, talking to coworkers in a meeting room or hanging out with friends around the world.

Building a metaverse will also allow Meta to reduce its dependence on mobile operating systems and browser makers such as Google and Apple Inc.. In addition, the metaverse allows Meta to diversify its business in times of new pressures in the social media market, such as competing with TikTok.

2. Reality Labs

Meta is rumored to be starting to focus on developing the Reality Labs division. This new division of Meta aims to separate its main digital advertising business from its new investments in AR (Augmented Reality) and VR (Virtual Reality).

This is done so that investors can see the costs and revenues associated with these efforts. Meta, quoted by Bloomberg, will also use the company’s profit this year to focus on Reality Labs’ investment.

3. The Stock Code Changed, But The Change Structure Stayed The Same

Officially changing its name to Meta, Facebook’s stock code has also changed to MVRS,  This will take effect from December 1, 2021.

However, the new name won’t affect how companies use or share data. In addition, the company structure has not changed.

The app doesn’t change its name either. Likewise Instagram, Messenger, and WhatsApp, which will retain their names.

Meanwhile, Bloomberg said, Meta hopes the name change will divert public conversation from polemics and negative news reports that drag the name Facebook.

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