![]() ![]() It also announced on Tuesday it had officially acquired Kustomer, a customer service management platform (the acquisition had been in the works since it was announced in November 2020). Courtesy of Facebook Facebook is changing its corporate name to Meta as the. It said Tuesday it had rebranded the News Feed – one of its best-known products – changing the name to simply “Feed”. Facebook CEO Mark Zuckerberg as seen during a virtual reality conversation unveiling companys Meta rebrand. Meta not only changed internal rules but also external branding. 1 day ago &0183 &32 'Send me location,' Zuckerberg, the founder and CEO of Facebook and Instagram parent company Meta, responded in an Instagram story Wednesday which included a screenshot of Musk challenging him. In a recent earnings call, he assured investors: “I’m pleased with the momentum and the progress that we’ve made so far and I’m confident these are the right investments for us to focus on going forward.” Meta’s stocks took a historic plunge following its most recent earnings report, leading the company to lose more than $230bn in market value.īut Zuckerberg has appeared to remain steadfast in his belief that the metaverse is a worthy venture, and has invested $10bn in the project already. Andrew Tate has offered to be billionaire Elon Musks trainer in an apparent upcoming cage match with Meta founder Mark Zuckerberg. But on Zuckerberg’s personal Facebook page, his job title was changed to: Founder and CEO at Meta. Engineers at Instagram and Facebook have reportedly been encouraged to apply for jobs in the metaverse and artificial reality departments at the company, and Meta has hired thousands of new workers from rival companies such as Apple.Įmployees are not the only ones spooked by the changes: investors seem wary as well. The meeting comes as employees confront the company’s rapid shift away from the social media business it has spent decades building. The New York Times The Shift The Metaverse Is Mark Zuckerberg’s Escape Hatch If his new strategy works a big if it could help address several of Facebook’s biggest problems. 'Where has this been my whole life' Zuckerberg said he asked. “We should take on the challenges that will be the most impactful, even if the full results won’t be seen for years.” Earlier in the year, the Meta CEO went on the 'The Joe Rogan Experience' podcast and professed his love for MMA and BJJ training. “‘Focus on long-term impact’ emphasizes long-term thinking and encourages us to extend the timeline for the impact we have, rather than optimizing for near-term wins,” he wrote in his post. He also encouraged workers to “focus on long-term impact” – perhaps a nod to investor concerns about immediate fallout from the pivot. Following the recent name change, Zuckerberg said that he wanted to recalibrate company policies and values – which had not been updated since 2007.
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