HomeStartupsMeta the Biggest Thing on the Internet Innovations Meta the Biggest Thing on the Internet Facebook has been faced with lots of criticism concerning corporate governance and fake news. These avalanche of criticisms prompted Facebook to rebrand is name to Meta. According to the CEO Mark Zuckerberg affirming that he wanted a new direction for the company beyond social media. He also emphasized that Facebook is still in the business of connecting people. Having gone through lots of criticism by the revelation of a former product manager and whistleblower Frances Haugen. The change is coming at the right time to refocus the company to a greater height. The rebranding would not affect the company’s logo of Facebook but it will give the company new corporate identification. The new name hope to give the company a strong corporate protection and corporate positioning. Meta would be the corporate haven of the four most famous Smartphone apps in the world. The name is derived from “Metaverse” which means virtual space. He emphasizes that Meta would be the biggest thing on the internet. According to Mark Zuckerberg, “Facebook is one of the most-used products in the history of the world. It is an iconic social media brand, but increasingly, it just doesn’t encompass everything we do.” He opined in an online video presentation. ” I want to anchor our work and our identity in what we are building towards,” he affirmed. Meta is a Greek word which means “beyond”. It was first reported by a tech news website called The Verge that is planning to change its name to Metaverse. He also said, “Over the next five years or so, in the next chapter of our company, I think we will effectively transition from people seeing us as primarily being a social media company to being a Metaverse company.” Meta would be the official corporate name of Facebook which would be the corporate umbrella for Instagram, WhatsApp, Facebook and App Messenger with all other Facebook’s products. Support PisonTechAfrica.com For inspiring tech content and articles, PisonTechAfrica.com is the platform to go. Great content takes a lot of resources; we are poised to motivate young start-ups and give them leverage with our platform. It is a platform for inspiring tech entrepreneurs to display their talents. Africa is the next big thing for technology. PisonTechAfrica.com is the tech media platform committed to positioning Africa in the Fourth Industrial Revolution. Donate Oluwagbenga Oyebanji Share This Previous ArticleStitch Expands into Nigeria’s Fintech Space with $2Million Seed Funding Next ArticleWhatsApp Blocks Millions of iPhones and Android Phones Nov 1st 2021 October 29, 2021
