On October 28th 2021, Mark Zuckerberg unveiled the new name of Facebook's parent company: “Meta," announcing the company would be “Metaverse” first moving forward, hiring 10,000 new staff in the EU to work on it.
It positioned the company as a leader in what many consider as the "Future of Internet," creating unprecedented human interactions.
“We are a company that builds technology to connect,” Zuckerberg said. “Together, we can finally put people at the center of our technology. And together, we can unlock a massively bigger creator economy.”
“To reflect who we are and what we hope to build,” he added. He said the name Facebook doesn’t fully encompass everything the company does now, and is still closely linked to one product. “But over time, I hope we are seen as a metaverse company.”