Is Facebook changing its name in 2021?
Social media giant Facebook changing its name in 2021 will likely call itself something different soon reported first by the words citing someone with direct knowledge of the matter, the article said that Facebook is mulling to rebrand itself and an announcement could be made next week about Facebook changing its name in 2021.
Facebook chief executive officer Mark Zuckerberg plans to talk about the name change at the company annual connect conference on October the 28th, 2021.
Facebook changing its name in 2021 would position facebook's social media app as one of many products under a parent company that will also oversee groups like Instagram WhatsApp oculus and more.
The words report added silicon valley companies have often rebranded themselves as they expand.
for example
Google established alphabet inc as a holding company in 2015 to expand beyond its search and advertising businesses.
This it did as it expanded to ventures like its autonomous vehicle unit and health technology to provide internet services in remote areas.
The moves come as Facebook is under intense scrutiny in the UNITED STATES over its business practices. It also comes as Facebook is giving a big push to the metaverse an online world where people can use different devices to move and connect with each other.
Rather, the futuristic concept relies on virtual reality and augmented reality.
The metaverse buzzword is being used by Microsoft as well.
It is the new direction in which big tech companies are moving, meanwhile as far as facebook's name change is concerning media reports say that the technology giant declines to comment on quote rumors or speculations uncooked.
What Is Metaverse?
The metaverse is an idea that has been discussed quite a lot.
The term metaverse not only means an online 3d environment where any story takes place, but it also refers to other virtual worlds like virtual reality augmented reality, and the internet itself.
Metaverse Games
New york times also pointed out how one of the most famous platforms like Fortnite, Roblox, Minecraft, and even the animal crossing had some evident metaverse-like elements present in their interactive environment. These games are called Metaverse Games.
Metaverse Examples
Google has a history of investing heavily in augmented reality a technology you can use to view the real world with 3d visuals and objects layered on top.
Apple also hinted at building VR glasses for specific virtual experiences.
Facebook metaverse company
facebook's VR research and development team and facebooks reality labs have created a metaverse product group that is focused on creating the company's vision for the Facebook metaverse company.
Facebook has pretty high expectations for it too as they are fixing on the idea of being viewed as a metaverse company in the future.
As the idea of a metaverse gains popularity, it will bring a great number of opportunities for individual creators and artists.
Especially for individuals who want to stay far from today's urban hubs and people who live in areas where educational and recreational opportunities are limited.
A realized metaverse could be the next best thing to a working teleportation device.
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Zuckerberg added telling the media they intend to hire hundreds of new employees for this project.
Facebook also claimed that it will be spending billions on Facebook reality labs.
But this is not the first time we have heard, Zuckerberg talks about such an idea, back in 2014 when facebook acquired a virtual reality startup Oculus for 2 billion.
Zuckerberg focused on the idea of being able to create immersive virtual experiences.
Facebook hopes to improve its headset technology as Zuckerberg said in the earnings call, the metaverse cannot work unless the hardware provides the user a realistic sense of presence in the virtual world.
Owning three of the most prominent and widely used social media platforms Instagram, WhatsApp, and Facebook along with oculus can prove to be a major helping hand for Zuckerberg.
These three social media platforms can provide Zuckerberg with some important data on customer relations and all the necessary knowledge for creating a desirable Facebook metaverse company.
Mark Zuckerberg says that Facebook is also financing in different methods to make its place in the not so distant future by creating the metaverse Facebook horizon.
With the company's upcoming customizable online VR video game, the platform will be a part of this product group.
Zuckerberg's remarks about this immersive and interconnected future may sound indistinct for now but Andrew Bosworth the head of Facebook reality labs announced in his Facebook post that they are setting up a product team specific to the task which will be scrutinized by some Facebook executives.
The group leadership has been granted to former Instagram VP of product visual sha.
At first, it might seem that the metaverse revolves around the Facebook horizon but the horizon is only a part of the whole thing.
Vivek Sharma head of Facebook gaming will be looking over the team responsible for the company's social VR platform Facebook horizon which is still in its beta testing stages.
This sounds similar to what Zuckerberg told the verge that the idea of metaverse won't rest solely on VR devices but rather they want to make it accessible across all platforms.
Zuckerberg hopes that in the course of the next five years, the company will enter a new phase to which he refers to it as a Facebook metaverse company.
This description doesn't seem to match the current horizon app with its current features and store model.
Suggesting a major shift in the development strategy, it's also possible that Facebook is working on creating its own game engine specifically designed for the needs and limitations of an online metaverse.
We may see some blockchain technology come from this but not much can be said for now.
Changing the business model of a company as big as Facebook is not an easy goal a single operable virtual reality future is likely long-term and continuous the effort that will only require.
Extraordinary technology that can surpass our current traditional computing platforms not to mention an immense amount of workforce and talent requiring Facebook metaverse company to take a lead role in the virtual reality field and move further than its current traditional social network ideas.
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