Facebook rebrands as 'Meta' to emphasise metaverse vision
Oakland (US), Oct 28: Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Zuckerberg calls the metaverse.
Sceptics point out that it also appears to be an attempt to change the subject from the Facebook Papers, a leaked document trove that has revealed the ways Facebook ignored internal reports and warnings of the harms its social network created or magnified across the world.
Zuckerberg says he expects the metaverse to reach a billion people within the next decade. The metaverse, he says, will be a place people will be able to interact, work and create products and content in what he hopes will be a new ecosystem that creates millions of jobs for creators.
The announcement comes amid an existential crisis for Facebook. It faces legislative and regulatory scrutiny in many parts of the world following revelations in the Facebook Papers.
In explaining the rebrand, Zuckerberg said the name Facebook just doesn't encompass everything we do any more. In addition to its primary social network, that now includes Instagram, Messenger, its Quest VR headset, its Horizon VR platform and more.
Today we are seen as a social media company, Zuckerberg said. But in our DNA we are a company that builds technology to connect people.
Metaverse, he said, is the new way. Zuckerberg, who is a fan of classics, explained that the word meta comes from the Greek word beyond.
Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection. pic.twitter.com/ywSJPLsCoD
— Facebook (@Facebook) October 28, 2021
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Transport Min. Ramalinga Reddy inaugurates redeveloped parking facility at KBS
Bengaluru: Transport and Muzrai Minister Ramalinga Reddy inaugurated a redeveloped parking facility at Terminal-1 of Kempegowda Bus Station on Thursday, April 16.
The parking area has been developed at a cost of Rs 3.29 crore to facilitate smoother movement of vehicles and improve convenience for staff and passengers.
According to officials, the area adjacent to Terminal-1 near the rest house was earlier filled with potholes and prone to waterlogging during rains, causing inconvenience to commuters and staff.
The issue was brought to the notice of the minister, who visited the site and directed that the development be taken up on priority.
A tender was floated to develop around 2.5 acres of land into a structured parking facility.
According to KSRTC, the facility can accommodate around 100 buses and is equipped with 11 electric light poles. An electrical panel room has also been constructed as part of the project.
Parking space has been allocated for buses belonging to North Western (NWKRTC) and Kalyana Karnataka Road Transport Corporations (KKRTC).
