Keneci Network (@keneci)

Facebook Announces New Name: 'Meta' “We are a company that builds technology to connect,” CEO Mark Zuckerberg said at the company's event Thursday. “Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy.” “To reflect who we are and what we hope to build,” he added. He said the name Facebook doesn’t fully encompass everything the company does now, and is still closely linked to one product. “But over time, I hope we are seen as a metaverse company.” Zuckerberg wrote in a blog post announcing the name change, that the company’s corporate structure would not be changing, but how it reports financial results will. “Starting with our results for the fourth quarter of 2021, we plan to report on two operating segments: Family of Apps and Reality Labs” he explained. “We also intend to start trading under the new stock ticker we have reserved, MVRS, on December 1. Today’s announcement does not affect how we use or share data.” Google made a similar change in its 2015 rebrand when it announced it would become one of several companies under the umbrella of a larger holding company called Alphabet. The original Facebook app would join Instagram, WhatsApp, and Oculus under the parent company, Meta. https://www.keneci.com/read-more-on-keneci-channels-newzbit#h.il9ce7wbahve