Facebook parent company Meta Platforms, Inc. has officially changed its stock market ticker symbol to META from FB. The name change, first announced in October 2021, is effective from 9th June, 2022..

What is Metaverse?
Metaverse is a blockchain-based platform that allows users to create and manage their own virtual reality (VR) worlds. Facebook is changing its name to Metaverse in an effort to better reflect its new focus on the metaverse.

Why is Facebook Changing Its Name to Metaverse?

Facebook is changing its name to Metaverse in an effort to better reflect its new focus on the metaverse. The metaverse is a term used to describe the totality of all virtual reality worlds. Facebook plans to make the metaverse a reality by building a platform that allows users to create and manage their own VR worlds.

This move is part of Facebook's larger goal of becoming a global provider of social and digital services. By focusing on the metaverse, Facebook hopes to achieve widespread adoption of VR technology. In addition, the metaverse can help Facebook develop new advertising and marketing platforms.

Facebook has already made significant progress in the metaverse. For example, the company launched a social VR platform called Rooms in 2017. Rooms allows users to chat, share photos, and play games in VR. Facebook also plans to release a new VR app called Spaces in the near future. Spaces will allow users to create and manage their own virtual spaces.

Metaverse is a exciting new platform that could have a major impact on the future of social and digital services. By focusing on the metaverse, Facebook is positioning itself to become a leading provider of these services.

Zuckerberg's say

This change was first announced in a blog post by Facebook CEO Mark Zuckerberg, in which he explains that the name change is meant to reflect the company's focus on building a more interconnected world. 

Zuckerberg explains that the name change is also meant to reflect Facebook's new mission of building a 'metaverse' - a world in which everyone is connected and has the ability to share and interact with information. Zuckerberg says that the metaverse is a 'better, more open world' that will allow people to share and connect with each other in ways that are more meaningful and enriching. Zuckerberg believes that the metaverse will not only change the way people socialize, but will also help to create new opportunities for businesses and industries. He says that the metaverse will allow for new ways to do business, create new industries, and more easily share information. 

Many people are skeptical of the idea of the metaverse, believing that it is nothing more than a fantasy. However, Zuckerberg believes that the metaverse is real, and Facebook is dedicated to making it a reality