Facebook to be called Meta in line with its ‘metaverse’ vision

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CEBU CITY, Philippines -- Facebook Inc is now called Meta, the company said Thursday, in a rebrand that is anchored on its ambitions of building the “metaverse,” a shared virtual environment

CEBU CITY, Philippines — Facebook Inc is now called Meta, the company said Thursday, in a rebrand that is anchored on its ambitions of building the “metaverse,” a shared virtual environment that it bets will be the next big computing platform.

The metaverse, a term first coined in a dystopian novel three decades ago and now attracting buzz in Silicon Valley, refers broadly to the idea of a shared virtual environment which can be accessed by people using different devices. The tech giant, which reports about 2.9 billion monthly users, has faced increasing scrutiny in recent years from global lawmakers and regulators.

 

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