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Facebook CEO Mark Zuckerberg confirmed during today’s Connect 2021 event that his company will be doing business under a completely new name. The company behind the world’s biggest social network will now be referred to as Meta, a name that was chosen to reflect the company’s new focus on the metaverse—a term that’s used to describe a future, advanced internet leveraging 3D virtual spaces and other modern technologies. According to Meta, the metaverse will be a clear evolution of the web that allows users to do many things together, even those that wouldn’t be possible in the physical world.
From Mark Zuckerberg, who penned a lengthy letter elaborating on the new direction for his company and what the metaverse will enable:
In this future, you will be able to teleport instantly as a...
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