Paul Stenhouse: Facebook is now Meta Platforms
Saturday Morning with Jack Tame · Newstalk ZB
October 30, 20213m 51s
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Show Notes
Facebook is now Meta
Facebook, the company, is now going to be known as Meta Platforms Inc or Meta for short. Why? Because it's now thinking of itself as a 'metaverse first' company, building immersive social platforms. Zuck says it has nothing to do with the bad news in the press or his intentions to step away from the 'big blue' app. The 'family of apps' including Facebook, Instagram, Messenger, WhatsApp, Oculus will now be brands under Meta. Reality Labs will be the name for the 'future' focused segment of business.
What I took away from interviews was that Facebook is seen now as the old person's app. They want to be doing things that are innovative, with users who are open to change and new experiences - which are 18-25's. Their expectations about what to expect on the internet are very different. This move better positions Meta to be a company offering a range of 'social' solutions for the internet.
What is the metaverse?
It's a virtual reality and or augmented reality space where there's a digital version of you. You can hang your digital art in your digital living room, interact with friends, visit new worlds, do business. Facebook is building the foundations for this new experience - the software and the headsets, motion sensors and more.
LISTEN ABOVE
Facebook, the company, is now going to be known as Meta Platforms Inc or Meta for short. Why? Because it's now thinking of itself as a 'metaverse first' company, building immersive social platforms. Zuck says it has nothing to do with the bad news in the press or his intentions to step away from the 'big blue' app. The 'family of apps' including Facebook, Instagram, Messenger, WhatsApp, Oculus will now be brands under Meta. Reality Labs will be the name for the 'future' focused segment of business.
What I took away from interviews was that Facebook is seen now as the old person's app. They want to be doing things that are innovative, with users who are open to change and new experiences - which are 18-25's. Their expectations about what to expect on the internet are very different. This move better positions Meta to be a company offering a range of 'social' solutions for the internet.
What is the metaverse?
It's a virtual reality and or augmented reality space where there's a digital version of you. You can hang your digital art in your digital living room, interact with friends, visit new worlds, do business. Facebook is building the foundations for this new experience - the software and the headsets, motion sensors and more.
LISTEN ABOVE
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