Why the Switch to Meta?

In October 2021, Facebook officially changed its name to Meta. But why? There were a few reasons:

Slowing Growth: By 2021, Facebook wasn’t growing as fast as it used to, especially with younger people who preferred apps like TikTok and Snapchat.

Negative Image: Over the years, Facebook became linked to scandals like data privacy issues and the spread of fake news. By rebranding to Meta, the company aimed to move past these problems and start fresh.

A New Vision: Zuckerberg and his team had a new goal: the metaverse. This is a virtual world where people could socialize, work, play, and shop all in a shared digital space. The name “Meta” symbolized this shift from being just a social media platform to something much bigger.