Facebook is now Meta, but critics say same old problems remain

Discussion in 'Industry News' started by Calliers, Oct 29, 2021.

  1. Calliers

    Calliers Administrator/Editor Staff Member

    Oct 12, 2004
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    Facebook officially launched its new name on Thursday, one that focuses attention on where it sees its future while drawing attention away from its contentious present and past.

    The Silicon Valley-based company hinted at its new corporate structure last week and again in its quarterly earnings call on Monday but officially unveiled what the metaverse-frenzy was all about at a virtual event on Thursday at which CEO Mark Zuckerberg announced the new name: Meta

    Originally coined by science fiction writer Neal Stephenson in his 1992 novel Snow Crash, the metaverse has come to mean different things over the years, but they are all built around the same premise: a fully immersive virtual reality that has versions of everything you'd find in real life so you have little reason to leave it.

    To Facebook, it's the future.

    Against a backdrop of digital avatars, Zuckerberg laid out a future world where friends from across the globe use their metaverse holograms to game together or attend concerts.

    There are metaverse versions of work places and commerce, too, made possible by forthcoming hardware devices such as the company's Oculus VR headset and a new model of augmented-reality glasses reminiscent of Google Glasses but styled like RayBans.
    Source: cbc.ca

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