Rebranding as Meta, Facebook emphasizes VR future over crisis-beset present

Facebook's new corporate name, Meta, is a nod to the 'metaverse,' a concept from science fiction that combines virtual, augmented and mixed reality.

source https://www.sandiegouniontribune.com/business/technology/story/2021-10-28/facebook-changes-name-to-meta-signaling-emphasis-on-virtual-reality