In a video posted on his official Facebook account, Mark Zuckerberg officially announced that the Facebook will change its corporate name to Meta. Meta will now be the parent company of Facebook, Instagram, WhatsApp and Oculus. Zuckerberg’s announcement was made on the first day of the company’s annual Connect conference.

Here’s a video where Mark Zuckerberg introduce the company’s new name.

The new name will not affect any of Meta’s products or services, since this is more of a corporate restructuring similar to what Google made in 2015 when they changed its corporate name from Google to Alphabet, even though we still associate all of its company and subsidiary to “Google.”

Mark further explained what their vision for metaverse in a 1 hour video;

The change in Facebook’s corporate name was first reported by Alex Heath of The Verge. You can already read Meta’s official statement here.