The social media giant , Facebook has changed its name to Meta to reflect the company ’ s growing ambitions beyond social media . Changing its name to Meta is just one step the company has taken to transform its operations and focus on new and innovative technologies in the social media space .

Here , we outline how the company transitioned to focus its work on the metaverse .

Introducing Oculus Quest

Back in 2019 , when the concept of a metaverse was unknown to many , Facebook released its virtual reality headset developed by Oculus , a division of the company . A year later the company released its Oculus Quest 2 highlighting the company ’ s drive to invest in and offer virtual reality ( VR ) technology .

Creating an executive team

In July of this year , Facebook ( now Meta ) announced it would create a product team to work on the metaverse . This team was part of the company ’ s virtual reality group , Reality Labs . Vishal Shah , the executive in charge of product at Instagram , was named among those joining Facebook ’ s new metaverse group .

18 January 2022