Facebook has changed its name to Meta as part of a major rebranding.
The company, which announced the change at its annual developer conference, said the renaming decision was made to better "embrace" what it does now, as it expands its reach beyond social networks into areas like virtual reality.
She also revealed plans for the Metaverse - an online world where people can play, work and interact in a virtual environment, often using VR headsets.
The name change follows a series of negative stories about Facebook, based on documents revealed by a former employee of the company.
Frances Hogen accused the company of putting "profit before safety".
In 2015, Google redefined the company by calling its parent company Alphabet, however, the name did not catch on.
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The name change followed later several hours of downtime in the work of Facebook and Instagram, which cost company owner Mark Zuckerberg about six billion dollars, according to Bloomberg,
What is Metaverezum?
Facebook owner Mark Zuckerberg recently announced the development of a metaverse, a kind of virtual world for everyone.
He said that it is planned to create 10.000 jobs in the European Union for the development of this project.
"The metaverse has the potential to help access new creative, social and economic opportunities.
"And the Europeans will shape it from the very beginning," the Facebook post said.
New jobs to be created in the next five years will include "highly specialized engineers".
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