Share
News

Facebook Just Officially Changed Its Name

Share

Facebook announced on Thursday it will change its name to Meta as the company seeks to expand beyond social media.

The name change was announced during Facebook’s augmented and virtual reality conference.

“We are at the beginning of the next chapter for the internet, and it’s the next chapter for our company too,” Facebook CEO Mark Zuckerberg said in a “Founder’s Letter.”

“The next platform will be even more immersive — an embodied internet where you’re in the experience, not just looking at it. We call this the metaverse, and it will touch every product we build,” Zuckerberg added.

Trending:
Watch: Psaki Folds When Doocy Hits Her with 6 Brutal Questions About Biden

Meta’s goals are both innovative and far-reaching.

“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.

The name change from Facebook to Meta will also apply to its stock ticker acronym, which will switch from FB to MVRS on Dec. 1, the company said in the announcement.

The switch to Meta comes amid a growing number of controversies regarding Facebook.

Do you like Facebook's new company name?

Most recently, thousands of pages of leaked Facebook documents revealed details regarding regulations and internal changes.

In addition, whistleblower Frances Haugen, a former Facebook employee, appeared before lawmakers in Washington to share testimony of the social media platform’s questionable practices.

Facebook-owned Instagram also faced controversy when it was revealed that company research regarding children on the platform showed a negative impact on their mental health.

“A series of articles published by the Wall Street Journal has focused on some of the most difficult issues we grapple with as a company — from content moderation and vaccine misinformation, to algorithmic distribution and the well-being of teens,” Nick Clegg, Facebook’s vice president of global affairs, wrote in a Sept. 18 blog post.

“At the heart of this series is an allegation that is just plain false: that Facebook conducts research and then systematically and willfully ignores it if the findings are inconvenient for the company,” he wrote.

Related:
Zuckerberg Hits Another Humiliating Snag with New 'Meta' Name, And This One Could Saddle Him with Some Major Issues

Clegg’s comments come in response to the Wall Street Journal investigation revealing Facebook’s knowledge of how its platform negatively affects users.

He argued that the investigation was framed to portray Facebook as attempting to conceal controversial or unpopular research findings and practices and that the reporting “conferred egregiously false motives to Facebook’s leadership and employees.”

“It’s a claim which could only be made by cherry-picking selective quotes from individual pieces of leaked material in a way that presents complex and nuanced issues as if there is only ever one right answer,” Clegg wrote.

Facebook’s platform also has been criticized over growing concerns regarding censorship of COVID-19 information as well as conservative content.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
, , , , , , , ,
Share
Dillon Burroughs reports on breaking news for The Western Journal and is the author or co-author of numerous books.
Dillon Burroughs reports on breaking news for The Western Journal and is the author or co-author of numerous books. An accomplished endurance athlete, Burroughs has also completed numerous ultramarathons. He lives in Tennessee with his wife and three children.




Conversation

The Western Journal is pleased to bring back comments to our articles! Due to threatened de-monetization by Big Tech, we had temporarily removed comments, but we have now implemented a solution to bring back the conversation that Big Tech doesn't want you to have. If you have any problems using the new commenting platform, please contact customer support at commenting-help@insticator.com. Welcome back!