Facebook is rebranding. The company’s founder and CEO, Mark Zuckerberg, says has that Facebook will be renamed as Meta to emphasize its virtual-reality vision for the future.

According to Zuckerberg:

In recent decades, technology has given people the power to connect and express ourselves more naturally. When I started Facebook, we mostly typed text on websites. When we got phones with cameras, the internet became more visual and mobile. As connections got faster, video became a richer way to share experiences. We’ve gone from desktop to web to mobile; from text to photos to video. But this isn’t the end of the line.

The next platform will be even more immersive — an embodied internet where you’re in the experience, not just looking at it. We call this the metaverse, and it will touch every product we build.

Read the complete Founder’s Letter here.

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