Facebook renames itself Meta amid controversy

Asia's Tech News Daily

Facebook said Thursday it’s rebranding itself as Meta to reflect the company’s focus on building the metaverse, a virtual world where people work, play, learn and connect with their friends and family.

Facebook renames itself Meta amid controversy
© Provided by CNET Mark Zuckerberg says Facebook is rebranding itself as Meta. Screenshot/CNET

Meta will be a new parent company that will preside over Facebook and its services including photo app Instagram, messaging app WhatsApp and its virtual and augmented reality efforts. 

“In our DNA, we are a company that builds technology to connect people and the metaverse is the next frontier, just like social networking was when we got started,” Facebook CEO Mark Zuckerberg said during Facebook Connect, the company’s annual VR and AR conference. Zuckerberg said that the word meta comes from the Greek word meaning beyond and “it symbolizes that there is always more to build.”

In a preview of the metaverse, avatars are playing chess, standing in a virtual concert, learning and working remotely. In the next five to 10 years, Zuckerberg believes these virtual experiences will become mainstream. In the next decade, he hopes there will be a billion users in the metaverse. 

The widely-rumored rebranding underscores how Facebook, founded in 2004, has grown beyond social networking. Facebook owns virtual reality headset maker Oculus, built Portal video chat devices and teamed up with Ray-Ban to release its first pair of smart glasses this year. It’s also the most high-profile rebranding of a tech company since 2015 when Google formed its parent company Alphabet.

Forming a new parent company, though, doesn’t fix Facebook’s seemingly endless list of problems. For years, the company has dealt with criticism that it doesn’t do enough to safeguard privacy, combat hate speech and stop the spread of misinformation. Now the social network is grappling with more allegations that it puts profits over user safety after former Facebook product manager turned whistleblower Frances Haugen leaked internal research to Congress and the US Securities and Exchange Commission. The Wall Street Journal and then a consortium of US and international news outlets published stories based on some of those documents.

Facebook renames itself Meta amid controversy
© Screenshot/CNET

Mark Zuckerberg Meta metaverse 

Facebook has said its internal research is being mischaracterized to paint a “false picture” of the company. The social network says more than 40,000 people work on safety and security, and the company is on track to spend more than $5 billion on these issues this year.

“Some of you might be wondering why we’re doing this right now. The answer is that I believe that we’re put on this earth to create. I believe that technology can make our lives better,” Zuckerberg said. 

Facebook’s new wave of controversy also hasn’t stopped the company from doubling down on the metaverse, which the company sees as the successor to the mobile internet.

Facebook renames itself Meta amid controversy
© Provided by CNET Mark Zuckerberg showcases his avatar. Screenshot by Queenie Wong/CNET

The company said Monday it would break out Facebook Reality Labs, which houses its AR and VR products, into its own reporting segment in the fourth quarter. The other segment would include Facebook’s apps such as photo service Instagram and WhatsApp. Facebook expects to spend $10 billion on its metaverse efforts this year.

The tech giant introduced more VR and AR tools during Facebook Connect, including a virtual social space for your home, messenger calling in VR, a marketplace for digital goods and a new app called Polar to easily create AR and filters without needing to know how to code. Facebook also said it’s working on a higher-end headset known as Cambria and augmented reality glasses. 

Solving its content moderation and data privacy problems will likely become more challenging as the social network doubles down on immersive environments that go beyond text, photos and video. Facebook said it’s looking at ways to prevent people from using another person’s avatars, by tying it to an authenticated account or by verifying identity in another way.

“With all the novel technologies that are being developed, everyone who’s building for the metaverse should be focused on building responsibly from the beginning,” Zuckerberg said. 

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Tui warns over Omicron hit - but sees holidaymakers splash out on pricier breaks next year

Travel giant Tui has warned that latest COVID fears could hit its winter holiday programme even as it looks to a bounce back in demand for the year ahead. © ... Read more »

Reading and Leeds lineup: Dave, Arctic Monkeys and Megan Thee Stallion to headline 2022 festival

© Getty Images Dave performing at the 2019 Mercury awards – Getty Images Reading and Leeds organisers have announced the first wave of acts to perform at next year’s festivals. ... Read more »

Betws-y-Coed is the impossibly pretty village to visit in 2022

Fans of all things pretty should look to Wales for a holiday next year as the staycation spot is home to one of Britain’s pretties villages, Betws-y-Coed. © shadowportland – ... Read more »

Letter showing UK PM's role in animals' evacuation from Kabul surfaces

© Provided by WION UK Prime Minister Boris Johnson has got embroiled in yet another controversy. This time, a letter, which has been leaked, shows the UK’s foreign office and ... Read more »

Mi-17V-5 military chopper crashes: All you need to know about Russia-made helicopter

© Provided by Zee News An Indian Army chopper carrying CDS Bipin Rawat, his staff and some family members has crashed in Tamil Nadu. The helicopter has been identified as Mi-17V-5 ... Read more »

Renault shock: ZERO star Euro NCAP safety rating for electric Zoe

The Renault Zoe electric car has been awarded a zero-star crash-test score by safety organisation Euro NCAP. © Provided by Motoring Research Renault Zoe side pole impact test It is ... Read more »

Bootcut Balaraju goes on floors with a Pooja ceremony today; See Photos

© Provided by Pinkvilla Director Sree Koneti is all set to shoot for his next project Bootcut Balaraju. The makers conducted a small pooja ceremony before commencing the shoot for ... Read more »

Tejashwi Yadav, Lalu Prasad Yadav's son, set to get engaged in Delhi; Who is the bride-to-be?

© Provided by Jagran English New Delhi | Jagran News Desk: Rashtriya Janata Dal leader and Lalu Yadav’s younger son Tejashwi Yadav are reportedly set to tie the knot with ... Read more »

CDS Bipin Rawat's Chopper Crashes in Tamil Nadu's Coonoor | Details So Far

© Provided by News18 CDS Bipin Rawat’s Chopper Crashes in Tamil Nadu’s Coonoor | Details So Far An Army chopper carrying Chief of Defence Staff Bipin Rawat, at least one ... Read more »

Vicky Kaushal and Katrina Kaif to host a grand wedding reception for film fraternity?

© Provided by Pinkvilla It’s time for one of the much awaited wedding of the year as Vicky Kaushal and Katrina Kaif will be taking the plunge tomorrow. The wedding ... Read more »

Kangana praises 'successful' actresses marrying younger actors amidst Katrina-Vicky's wedding

© Provided by Zee News Mumbai: Known for speaking her mind, actress Kangana Ranaut on Wednesday took to her social media to praise “rich and successful” leading Bollywood actresses for ... Read more »

Nintendo Switch OLED UK stock: Buy now, pay later and delivered in time for Christmas

© NINTENDO Nintendo Switch OLED Model There’s good news for Christmas shoppers, because the Nintendo Switch OLED Model is back in stock in the UK. The new and improved Nintendo ... Read more »

ITV Good Morning Britain: Susanna Reid and Adil Ray blast 'disgraceful' Downing Street Christmas party in furious rant

Susanna Reid and Adil Ray have branded the Government “disgraceful” and even accused those who run the country as “gaslighting” the public for making fun of the denied Christmas party ... Read more »

Grandmother who had world's first Covid jab urges vaccine take-up on anniversary

© Jacob King Margaret Keenan was the first person in the world to have a Covid jab at the start of the mass vaccine rollout last year (Jacob King/PA) Margaret ... Read more »

This silky pyjama set will help you count down to Christmas in style

© Provided by Daily Mail MailOnline logo Products featured in this Mail Best article are independently selected by our shopping writers. If you make a purchase using links on this ... Read more »

Aldi boss shares Christmas update on masks and opening hours as Omicron cases surge

The chief executive of Aldi has urged shoppers to wear face masks in stores after the UK recorded another 101 cases of the Omicron variant in 24 hours. His warning ... Read more »

Lithuania successfully tests power link to continental Europe, minister says

© Reuters/INTS KALNINS European Union and Lithuanian flags flutter at border crossing point in Medininkai VILNIUS (Reuters) -Lithuania last week successfully tested a coupling of its power grid to the ... Read more »

Watch I'm A Celeb's Ant and Dec poke fun at Boris Johnson over Christmas party

© Provided by News Letter I’m A Celebrity hosts Ant and Dec have poked fun at the Prime Minister after reports alleged that Downing Street staff had a Christmas party ... Read more »

Canada's effort to bring in Afghan refugees expected to take up to two years

© Submitted by Nelofar Akbari Defence lawyer Nelofar Akbari is pictured speaking about women’s rights in Afghanistan before she fled the country on Oct. 23. She is one of thousands ... Read more »

Kyle Rittenhouse breaks silence over LeBron James' jab

Kyle Rittenhouse was “pissed off” when Lakers star LeBron James mocked his courtroom testimony last month. AP Kyle Rittenhouse, 18, told a news outlet in a recent interview, “f—k you, ... Read more »

When do Pokémon UNITE Holiday Festivities begin?

© Provided by Dot Esports Pokémon UNITE today revealed its upcoming holiday-themed event which will bring a new stage, Holowear, and a new playable Pokémon to the game. Announced in ... Read more »

Kadeena Cox needed help getting to toilet on I'm A Celebrity due to her MS

© Bang Showbiz Kadeena Cox needed help from her I’m A Celebrity campmates due to her MS Kadeena Cox’s ‘I’m A Celebrity… Get Me Out Of Here!’ campmates had to ... Read more »

Singaporeans too picky for ‘real' relationships: survey

A couple on the dating app Coffee Meets Bagel. Photo: Coffee Meets Bagel Singaporeans are real choosy when it comes to finding the right guy or gal and are partial ... Read more »

Vor Bundesgericht: Swisscom-Rückschlag im Glasfaser-Streit

Rückschlag der Swisscom vor Bundesgericht im Streit um den Bau der Glasfasernetze: Das höchste Schweizer Gericht hat ein Gesuch des Telekomkonzerns um aufschiebende Wirkung des Urteils des Bundesverwaltungsgerichts abgewiesen. © ... Read more »

Erstmals seit zwölf Jahren: Russland fliegt wieder Weltraum-Touristen zur ISS

Erstmals seit zwölf Jahren starten wieder Weltraum-Touristen mit einer russischen Sojus-Rakete zur Internationalen Raumstation ISS. © Bereitgestellt von Blick Russland fliegt wieder Weltraum-Touristen zur ISS Der japanische Milliardär Yusaku Maezawa ... Read more »

Kein Versöhnungsgespräch: Nächster Zwayer-Eklat macht BVB-Boss richtig sauer

© Bereitgestellt von Blick Nächster Zwayer-Eklat macht BVB-Boss richtig sauer Für Schiedsrichter Felix Zwayer ist die Verbal-Attacke durch Fussball-Profi Jude Bellingham noch nicht abgehakt – rechtliche Schritte plant der Berliner ... Read more »

Renault Zoe und Dacia Spring versagen im Crashtest

Im EuroNCAP-Crashtest gibt es für das E-Auto von Dacia einen Stern, für den Renault gar keinen. © ÖAMTC Die Crashtests des ÖAMTC und seiner Partnerorganisationen haben in jüngerer Vergangenheit über ... Read more »

Kommt Robert Mayer mit Ambri an den Spengler Cup?

© keystone Teaserbild © KEYSTONE Mit Genf hat Robert Mayer den Spengler Cup bereits gewonnen. Gut möglich, dass der Spengler Cup um eine Attraktion reicher wird: Ambri braucht einen Torhüter ... Read more »

Krise um Chinas Immobilienkonzerne weitet sich aus

© KEYSTONE/AP Nach dem hoch verschuldeten Konzern Evergrande geraten weitere chinesische Immobilienunternehmen in Schwierigkeiten. Wegen Sorgen um die Zahlungsfähigkeit wurden die Aktien der Kaisa Group Holdings am Mittwoch an der ... Read more »

Bundestag in Deutschland zur Kanzlerwahl zusammengekommen

© Keystone/dpa/Michael Kappeler In Berlin ist am Mittwoch der Deutsche Bundestag zusammengetreten, um einen neuen Bundeskanzler zu wählen. Für die Nachfolge von Angela Merkel (CDU) tritt der Sozialdemokrat Olaf Scholz ... Read more »

WHO-Experte macht Hoffnung: Omikron-Infizierte haben wohl leichtere Symptome

Ein Experte der Weltgesundheitsorganisation (WHO) bestätigt frühere Einschätzungen, wonach eine Ansteckung mit der neuen Omikron-Variante des Coronavirus weniger schwere Erkrankungen hervorrufen könnte. © Bereitgestellt von Blick Omikron-Infizierte haben wohl leichtere ... Read more »

PICDUMP 394 – Spass im perfekten Winkel!

Hallo Leute! Die Idee zum heutigen Bild hatte: Waldiini Welche Motive wünschst du dir? Geodreiecke, überall Geodreiecke Welchen Titel soll dein Werk tragen? Aus spitzem Winkel in den Picdump Et ... Read more »

Papua New Guinea holds mass Covid burial

© Andrew KUTAN Papua New Guinea has held the first in a series of mass Covid-19 burials Papua New Guinea carried out the first in a series of mass Covid-19 ... Read more »

India: Helicopter carrying military chief crashes

© Provided by dw.com Gen. Bipin Rawat is the most senior official in the Indian military The Indian Air Force said Wednesday that a military helicopter carrying defense chief General ... Read more »

Duque: IATF considering legal action vs. unlocated travelers from South Africa

Health Sec. Francisco Duque III at Nov. 29, 2021 briefing The Inter-Agency Task Force (IATF) on Wednesday said it is considering taking legal action against the travelers from South Africa ... Read more »

DOH still tracing 7 travelers from South Africa —Vergeire

Health Usec. Maria Rosario Vergeire at April 5, 2021 briefing. Screencap from DOH FB video Authorities have yet to trace the locations of the seven of eight travelers who recently ... Read more »

Aung San Suu Kyi: Myanmar's democracy figurehead could face life imprisonment in 'politically motivated' prosecution

Ousted Myanmar leader Aung San Suu Kyi has been sentenced to two years in prison over breaches of the country’s COVID restrictions in the first of a number of trials, ... Read more »

Evan Rachel Wood claims Marilyn Manson threatened ‘to f**k' her 8-year-old son

Evan Rachel Wood has claimed her allegedly abusive ex-boyfriend Marilyn Manson threatened “to f**k” her eight-year-old son. The Westworld actor, 34, a longtime advocate for survivors of sexual assault, accused ... Read more »

Kevin Phillips issues honest verdict of West Brom man's season so far

© Provided by Football League World jordan hugill Former West Brom striker Kevin Phillips has admitted he expected more from Jordan Hugill after he joined on loan this summer. The ... Read more »

Motorcycle bomb kills four in Iraq, official blames Islamic State

1 / 5Motorcycle bomb kills four in Iraq, official blames Islamic StateIraqi security forces inspect site of explosion in Basra By Aref Mohammed BASRA, Iraq (Reuters) -A bomb killed four ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic