Facebook on Thursday announced that it will change its company name to Meta.⁠

Social-media service will retain Facebook name even as umbrella company readies billions of dollars in investments in its new mixed-reality platform

The name change reflects the company’s growing ambitions beyond social media. In July, Facebook announced the formation of a team that would work on the metaverse, a classic sci-fi term Facebook has adopted to describe its vision for working and playing in a virtual world. ⁠

“Over time I hope our company will be seen as a metaverse company,” Mr. Zuckerberg said Thursday. He unveiled the new name for the company that also includes Facebook, Instagram, WhatsApp and other products at Facebook’s annual developer event. At the Facebook Connect event Thursday, he detailed his vision for the metaverse that he sees as key to the social-media giant attracting a younger audience.

What do you think about the new name?⁠