Facebook's new name is just the start -- Zuckerberg says a billion people will be in the metaverse within ten years
We knew that Facebook was going to announce a name change today, but what we didn’t know for certain was what that name would be. The smart money was on something to do with the metaverse, which many firms -- Facebook especially -- believe could be the future of the internet.
Much as Google rebranded its parent company Alphabet back in 2015, so Facebook’s parent company is now called Meta, and gains a new blue infinity symbol for a logo. This change only affects the parent company -- the names of the apps everyone knows and uses -- Facebook, Instagram and WhatsApp will stay the same, although the Oculus VR brand will be phased out.