CEO Mark Zuckerberg launched Meta at Connect 2021, a new business brand that connects our applications and technology. Meta’s mission will be to bring the metaverse to life by assisting individuals in connecting, forming communities, and expanding their companies.
The annual Connect conference brings together developers, content producers, marketers, and others to celebrate the industry’s energy and progress. Next year’s virtual event looked at how people would interact in the metaverse over the next 10 years, from social interaction to entertainment, gaming, fitness, employment, education, and business. We also revealed new tools to assist individuals in creating for the metaverse, such as the Presence Platform, which will allow new mixed reality experiences on Quest 2, as well as a $150 million investment in immersive learning to teach the next generation of makers.
At meta.com, you can view the whole Connect speech and discover more about how the metaverse will open up new possibilities. On our design blog, you can read more about our work developing the Meta brand over the last few months.
The business structure will not change, but our financial reporting will. We propose to report on two operational segments beginning with the fourth quarter of 2021: Family of Apps and Reality Labs. On December 1, we plan to begin trading under the new stock symbol MVRS, which we have reserved. The announcement made today has no bearing on how we utilise or exchange data.