Earlier this month, there were reports that the move for changing the name company’s name is to build a metaverse. Zuckerberg said privacy and safety should be built into the metaverse. At the company’s Connect Event, Zuckerberg said,

Facebook is Now Known As ‘Meta’

According to Mark Zuckerberg, the name Facebook doesn’t fully confine everything the company is now doing. It is still linked to one product. But in the future, we will see it as a metaverse company.

— Facebook (@Facebook) October 28, 2021 In a blog post, Zuckerberg wrote, the corporate structure of the company would not be changed, but the reports of the financial results will. Over the past few weeks, Facebook was under intense scrutiny after it revealed its name change plan based on the documents provided to the Wall Street Journal by Whistleblower. At the live-streamed Connect Event, the CEO gave many examples of privacy and safety controls that would be needed. Moreover, the company gave updates for its VR and AR products. This year, the company will launch a way for people using the Oculus VR headset to call friends from Facebook Messenger. And people can also invite others to the social version of their home, “Horizon Home,” where they can talk and play games.

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