This is similar to how individuals and businesses can do a plain Jane search and leverage advertising with Google, while investors can deal with an expensive Google parent called 'Alphabet', now valued at $1.97 trillion.įor now, though, the Meta brand is a work in progress. During the first quarter of 2021, Facebook said 3.51 billion people were using at least one of its core products (Facebook, WhatsApp, Instagram, or Messenger) each month, according to Statista. This simply means that users can be on Facebook, Instagram, Whatsapp, or soon leap beyond all that with Mark Zuckerberg's metaverse entity called 'Meta'. This, he explained, means that over time you won’t need a Facebook account to use the company's other product and services. Zuckerberg wants the new identity to be "metaverse-first, not Facebook-first" (remember, Google underscores AI-first, and Meta cannot work without AI). Regardless of whether the 'Meta' name will alter the fortunes of Facebook, valued currently at just over $900 billion, the fact remains that the company needs a perception change - from that of the world's largest social networking site to one is futuristic the way Google did with DeepMind. Living under their rules has profoundly shaped my views on the tech industry." All he said was, ".This period has also been humbling because as big of a company as we are, we’ve also learned what it’s like to build on other platforms. For example, Facebook's spat with whistleblower Frances Haugen, a former data scientist at Facebook, continues in the US courts.
However, Zuckerberg, unlike Page, made no reference in his speech to "a cleaner and more accountable" company, despite the numerous legal and privacy tangles that the company has been embroiled in, and continues to grapple with, in the US, European Union and other parts of the world.
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