Meta as it refocuses on virtual reality

Meta as it refocuses on virtual reality

Date of Post:15-12-2021

Facebook Inc. is renaming as Meta, the company that focuses on building the metavers.

A virtual reality environment that will be the successor to the mobile internet.  using its Oculus VR headset to call using Facebook Messenger and for people to invite others to a social version.

Company said the new name reflected its work investment. It will reach host hundreds of billions of dollars of digital commerce. 

It refers to shared virtual realm which can be accessed using different devices.

The formation of a team that would work on the metaverse, run by CEO.  

Over the next year to build the metaverse the company will spend billion of dollars.

 The company has indicated that virtual reality environment will be a key part. And company strategy in coming years.