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Subject Facebook rebrands as Meta as it bets on the future of the metaverse
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Original Message [link to ca.finance.yahoo.com (secure)]


Facebook (FB) is changing its name to Meta as it focuses on the metaverse, a series of interconnected, persistent virtual worlds that let people interact with digital objects and avatars.

The company's existing Facebook app will still retain its name.

CEO Mark Zuckerberg announced the rebranding during the company’s Connect conference on Thursday, which offered a further glimpse into the company's plans for the so-called metaverse in the coming decade.

"We believe the metaverse will be the successor to the mobile internet," Zuckerberg said during the keynote. "We'll be able to feel present like we're right there with people no matter how far apart we are."
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