Facebook Plans to Rebrand and Hire to Emphasize the Metaverse

October 22, 2021

Facebook recently announced its intention to hire 10,000 highly skilled workers in the European Union and change its company name to focus on its next major goal: launching the metaverse.

The metaverse is a concept based on virtual reality (VR) that Facebook CEO Mark Zuckerberg recently unveiled. It entails using VR headsets to connect with people across the world to collaborate, game, and socialize. In addition, users would enter into the metaverse as avatars. Facebook believes it will take 10 to 15 years to ethically create a bona fide metaverse.

According to Zuckerberg, the metaverse is “going to be a big focus, and I think that this is just going to be a big part of the next chapter for the way that the internet evolves after the mobile internet.” 

The role of VR and augmented reality (AR) in future society

Facebook has a history of making bold prognostications about the role of technology and VR in the future, with mixed success and accuracy. For example, Zuckerberg predicted a few years ago that people would take virtual vacations with people from whom they live apart.

VR uses headsets to immerse people in a virtual world, whereas AR superimposes designed environments and objects on real locations through cameras, screens, and glasses.

AR and VR have been the focus of much research, innovation, and even fiction for years. In fact, the term “metaverse” was coined by Neal Stephenson in his 1992 novel, “Snow Crash,” in which users would escape from a dystopian world through VR platforms. The initial boom in the use of VR originated primarily in the video game industry, but interest in this technology has expanded into the B2B software space as well.

How G2 connects companies with AR/VR vendors to meet business needs

AR/VR tools are no longer niche products to be enjoyed by gamers or moviegoers. These tools now have pragmatic applications for business needs, and G2 hosts a large library of these products.

Facebook is not alone in pushing the boundaries of what technology can do, and businesses may need to leverage these advancements in AR and VR to boost productivity, automate processes, and create a more dynamic workplace.

AR/VR Software ➜

Facebook Plans to Rebrand and Hire to Emphasize the Metaverse Facebook plans to hire 10,000 workers in the EU and rebrand itself to focus on building the metaverse https://learn.g2.com/hubfs/vr%20headset.jpg
Anthony Orso Anthony is a Market Research Analyst specializing in supply chain and logistics, as well as data science applications in the industry. Prior to joining G2, Anthony worked in the research and strategy department of advertising. When Anthony isn't studying for his master's program in data science, he enjoys film criticism, true crime, and playing classical music on his violin. https://learn.g2.com/hubfs/anthony-orso.jpeg https://www.linkedin.com/in/anthonyorso/