Facebook Inc. announced its rebranding to Meta Platforms Inc. to reflect its new focus on building the "metaverse," a virtual reality space where users can interact with a computer-generated environment & other users. This shift aims to move beyond social media & position Meta as a leader in immersive digital experiences, leveraging its investments in VR & AR technologies. The rebrand marks a strategic pivot as the company envisions a future where virtual interconnected worlds become a central part of everyday life.