"It is absolutely a genius move to shift away, to rebrand to the metaverse in the process, and wash away the past pain in part, but also own the space that will be the dominant battleground over the next couple of decades," referring to the metaverse.
"This is not the kiss of death for Mark Zuckerberg," Schiffer said. The company will continue to face "grizzly" problems, but Facebook will certainly survive given its resources, political savvy, and lobbying power, Eric Schiffer, CEO of private equity firm The Patriarch Organization, told Insider. "And truly, nobody understands" the metaverse, which is "also a brilliant move."
The company is trying to "divert the conversation from their current problems onto the metaverse, which is exciting and futuristic," Anne Olderog - senior partner at the consulting firm Vivaldi with 20 years of brand strategy experience - told Insider. Whatever name Zuckerberg settles on will reflect its metaverse mission, and Facebook will still exist within that umbrella - likely similar to the decision Google took in 2015 when it stood Alphabet up as its parent company. CEO Mark Zuckerberg first publicly announced in July that he wants Facebook to eventually become a "metaverse company." The word "metaverse" is a term borrowed from science-fiction and refers to a future version of the internet that people access using VR and AR technology, rather than laptops and phones. In the weeks since, Facebook has increasingly emphasized its push into the metaverse, a welcome distraction for the company. The documents potentially give lawmakers plenty of ammunition for more regulations on the tech giant. (People will type in to search for you, so make it simple and unique. The internal documents purport to show Facebook knew it was harming people, specifically teenagers, and knew it years ago.
#Facebook name change series#
It often indicates a user profile.Īt the epicenter of Facebook's recent PR woes is a series of leaked documents given to the Wall Street Journal by whistleblower Frances Haugen. Account icon An icon in the shape of a person's head and shoulders.
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