Facebook rebrands to Meta as focus expands beyond social media

Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook Inc. announced Thursday that it has changed its company name to Meta — marking the first major rebrand for the social media giant.

The name change, which reflects the company’s growing ambitions beyond social media, was unveiled by CEO Mark Zuckerberg at the Facebook Connect conference. An accompanying news release laid out the company’s vision for creating a “metaverse” that connects online social experiences and the physical world.

Facebook Connect is an annual conference that brings together virtual reality developers, content creators and marketers. This year’s event is heavily focused on the metaverse concept, which has proliferated thanks to blockchain technology.

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