Mark Zuckerberg tells why Facebook is rebranding as Meta

According to Mark Zuckerberg, Facebook is perceived as only a social media company but has now become more than that. He believes that while others are trying to work on how people interact with technology, the company, now called Meta, is striving to build technologies so that people can interact with each other.

According to Zuckerberg, while many would question the timing of the metaverse conversation amid the recent controversy, he said that he believes in "what we are building and technology can make life better".

A trove of internal documents leaked by a Facebook whistleblower Frances Haugen detailed the social giant's various missteps and struggle in moderating content, especially in multilingual countries like India, its biggest market with over 340 million users.

The idea of metaverse is to make it more immersive where, instead of communicating through the mobile apps, people can feel each other's presence.