Yes, that’s correct! On October 28, 2021, Facebook announced that it is rebranding the company as Meta. The rebranding is part of the company’s new focus on building the metaverse, a term used to describe a shared, immersive virtual environment that allows users to interact with each other and digital objects in real-time.
According to CEO Mark Zuckerberg, the metaverse is the next generation of the internet, and it will be a critical part of the company’s future. The metaverse will enable users to do things like attend virtual concerts, play games, and collaborate on projects in a fully immersive environment.
To achieve its goals, Meta plans to invest heavily in research and development, hiring thousands of new employees, and building new products and services to support the metaverse. The company has already announced several initiatives, including the development of a new virtual reality headset called Horizon Workrooms, which is designed to make remote work more immersive and engaging.
Meta’s rebranding and shift towards the metaverse have generated a lot of attention and speculation, with some experts predicting that the company could become one of the most important players in the development of this new technology. However, the metaverse is still in its early stages, and there are many technical and regulatory challenges that will need to be overcome before it becomes a mainstream reality.
