Mark Zuckerberg wants to cut all ties between Facebook completely (FB) – Get a Class A report from Meta Platforms Inc. and the controversies that have characterized the social media giant’s daily life for the past five years.
This cleansing attempt began last October when He changed the name of Facebook to Meta The concept of the metaverse is imposed in conversations and business circles.
This strategy took a new step this week. Zuckerberg now wants to call Facebook employees “Metamates.” So goodbye to Facebook.
“Meta, Metamates, Me is about being good stewards of our company and our mission,” Zuckerberg declared on Tuesday. “It is about our feeling responsible for our collective success and for each other as team members. It is about taking care of our company and each other.”
The company’s new slogan became “Meta, Metamates, Me”.
Other changes were made as well as technology reporter Alex Heath explained on Twitter: “Moving fast has become ‘moving fast together’; replace ‘Be bold’ with ‘Build great things’;” Focusing on long-term impact “is one new thing.”
The timing of the announcement is interesting. It was made after the disastrous results of the fourth quarter were announced, which caused the Meta to decline in the stock market. Stock market assessment of the social media giant It had melted more than $237 billion in the session that followed the presentation of the results.
Zuckerberg Personal net worth has also shrunk Much of it is related to his stake in Meta.
The poor results, especially the drop in the share price, had affected employee morale within the company.
And the infamous metaverse is a stream right now. The Facebook division that operates on this virtual world, Reality Labs, which includes hardware, software, and augmented and virtual consumer content related to virtual reality, is a sink for the company founded and led by Zuckerberg.
This division lost $10.2 billion in 2021, more than double the operating loss recorded in 2020 – $4.62 billion. In 2019, operating losses were $4.5 billion.
Investors should expect losses in the coming months to continue to widen as the division lost $3.3 billion in the fourth quarter, up 26% from the quarter ending in September.
The metaverse is an alternate digital reality that is getting a lot of attention. Humans will interact through 3D avatars that can be controlled via virtual reality headsets.
The switch from Facebookers to Metamates is now the subject of ridicule on social media. Some netizens wonder, for example, if it’s nothing like a dating app.
Steve Kovac sneered on Twitter: “Are you going to be Mitamati?”
Another user sarcastic said, “He should have gone with Metamigos.”
Another chose to refer to the stagnation in the company’s stock market.
“This would cost the company at least $100 billion more in market value on pure merit basis alone,” he wrote.
In the face of the fun caused by the decision of new Meta CTO, Andrew “Boz” Bosworth tried to offer a rationale. Bosworth made his name at Facebook through devices, leading the AR/VR efforts and consumer devices.
Metamates” is a reference to a nautical phrase Instagram has been using for a while “Ship, Shipmates, Self” that Boz posted on Twitter.
Meta did not immediately respond to a request for comment from TheStreet.
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