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Facebook announces name change to Meta in rebranding effort

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Facebook announces name change to Meta in rebranding effort

Facebook CEO Mark Zuckerberg announced the social media giant will change the name of its holding company to Meta, in a rebrand that comes as the company faces a series of public relations crises.

Zuckerberg revealed the new name at Facebook’s annual AR/VR conference on Thursday, where he outlined the company’s virtual-reality vision for the future.

The CEO sketched his plans to build the “metaverse” – a digital world built over our own, comprising virtual reality headsets and augmented reality. “We believe the metaverse will be the successor of the mobile internet,” Zuckerberg said. “We’ll be able to feel present – like we’re right there with people no matter how far apart we actually are.”

Sporting a blue infinity symbol as a logo, the new holding company Meta will encompass Facebook, its largest subsidiary, as well as apps such as Instagram, WhatsApp and the virtual reality brand Oculus.

In recent earnings reports, the company announced its virtual reality segment had grown so substantially it would now report its revenue separately, dividing its products into two categories.

Those categories include a “family of apps” including Facebook, Instagram, Messenger and WhatsApp, and the “reality labs” products including AR and VR as well as any related hardware.

Zuckerberg on Thursday said he expects the metaverse to reach a billion people within the next decade. He described futuristic plans to create a digital world, in which users will feel they are with one another and have a “sense of presence” despite being far apart.

The platform would allow users to customize their avatars and digital spaces, decorating a digital office with pictures, videos and even books. The presentation imagined users inviting friends over virtually, two people attending a concert together despite being across the world from one another, and colleagues making work presentations remotely.

“When I send my parents a video with my kids, they’re going to feel like they’re right in the moment with us not peering through a little window,” he said.

Yet he admitted the company has a long way to go. “The best way to understand the metaverse is to experience it yourself,” Zuckerberg added, though “it doesn’t fully exist yet”.

Still, Zuckerberg said, Facebook rolled out two of its metaverse projects in beta last year: Horizon World, which allows users to invite friends over into their digital world, and Horizon Workrooms, which does the same in professional settings. He also said Facebook plans to further explore NFTs and crypto to help facilitate media that can be represented digitally, and is working on gaming applications.

Zuckerberg said the company would continue to offer services and hardwire to developers at low cost or for free, in an attempt to attract a critical mass of people to the platform. The company has also dedicated $150m to developers to create new apps, games and immersive programs in the metaverse.

“We want to serve as many people as possible, which means working to make our services cost less not more,” he said.

Facebook’s rebranding effort is not unprecedented in the tech space – Google in 2015 restructured into a new holding company, placing subsidiaries including its namesake search engine, YouTube and its self-driving car firm Waymo under a new umbrella firm called Alphabet.

But Facebook’s announcement comes amid deep regulatory and PR challenges. Those include a series of recent reports based on documents leaked by the whistleblower Frances Haugen that exposed toxic business practices and internal knowledge of its longterm negative public health impact.

The revelations from the “Facebook papers” are just the latest struggle for the embattled company, which has in recent years been served with a lawsuit from the Federal Trade Commission (FTC), was the subject of numerous congressional hearings, and in 2019 was fined $5bn by the Federal Trade Commission in 2019 for “deceiving” users.

Critics of the platform contended on Thursday that the metaverse project is a distraction from the company’s PR crisis, and that the company risks making the same mistakes as it has in the past.

“The fact that Zuckerberg has set his sights firmly on the so-called ‘metaverse’ while societies all over the world are scrambling to alleviate the myriad harms caused by his platforms just goes to show how out of touch Facebook is with real people,” said Imran Ahmed, CEO of the Center for Countering Digital Hate.

In her recent testimony, Haugen said she was “shocked” to hear how much the company was investing in the metaverse while its safety efforts failed. The company has dedicated $10bn in 2021 to the metaverse while its safety division received $5bn in funding.

“To echo Frances Haugen’s words, just imagine what Facebook could achieve if it devoted even a fraction of its metaverse investment on proper content moderation to enforce even the most basic standards of truth, decency and progress,” Ahmed said.

Others warned Facebook’s metaverse launch could mean a new space in which the company has a monopoly, amid ongoing antitrust concerns.

Zuckerberg on Thursday tried to get ahead of such privacy and security concerns. Nick Clegg, the company’s vice-president of global affairs, acknowledged that the company has faced criticism for not envisioning the long-term impacts of its problems.

“We have years until the metaverse as we envision it is fully realized. This is the beginning of the journey,” Clegg said.

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Tems, Wizkid bag wins at BET Awards 2022 (Full list of winners)

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Tems, Wizkid bag wins at BET Awards 2022 (Full list of winners)

Nigerian music superstars, Tems and Wizkid bagged impressive wins at the recently concluded Black Entertainment Television (BET) Awards ceremony on Monday, June 27.

On the eventful night that took place at the Microsoft Theatre, Los Angeles, Tems whose real name is Temilade Openiyi went home with two awards.

First, Tems and Wizkid alongside Canadian recording artiste, Justin Bieber received an award for ‘Best Collaboration’ for the song, ‘Essence’; with the win, ‘Essence’ has emerged as the first African song to win a BET award and Wizkid becomes the first Nigerian and African to win an Award outside the Best International Acts category.

Moments later, Tems, emerged as the winner of the Best International Act.

The Nigerian singer, songwriter and record producer was nominated with other talented acts such as Fireboy, Dave from the UK, Dinos from France, Fally Ipupa from Congo, Little Simz from the UK, Ludmilla from Brazil, Major League Djz from South Africa, and Tayc from France.

Tems also made history at the 2022 BET awards when she became the first African female to win the Best International Category.

With her win at the 2022 BET awards, Tems joins Ice Prince, Wizkid, Davido, and Burna Boy as Nigerians who have won the BET Awards.

Watch the moment she received her award below.

In addition to the usual honors, Diddy was presented with the Lifetime Achievement Award. He joins Whitney Houston, Prince, Queen Latifah, Anita Baker, Mary J. Blige, Samuel Jackson, and many more in receiving the honor.

Check out the full list of winners below.

BEST FEMALE R&B/POP ARTIST

Jazmine Sullivan — WINNER

BEST MALE R&B/POP ARTIST

The Weeknd – WINNER

BEST GROUP


Silk Sonic (Bruno Mars and Anderson .Paak) – WINNER

BEST COLLABORATION

Wizkid f. Justin Bieber & Tems – “Essence” – WINNER

BEST FEMALE HIP HOP ARTIST

Megan Thee Stallion – WINNER

BEST MALE HIP HOP ARTIST

Kendrick Lamar – WINNER

VIDEO OF THE YEAR

Silk Sonic (Bruno Mars & Anderson .Paak) – “Smokin Out The Window” – WINNER

VIDEO DIRECTOR OF THE YEAR

Anderson .Paak – WINNER

BEST NEW ARTIST

Latto — WINNER

ALBUM OF THE YEAR

Silk Sonic (Bruno Mars & Anderson .Paak) – An Evening with Silk Sonic – WINNER

DR. BOBBY JONES BEST GOSPEL/INSPIRATIONAL AWARD

Lil Baby X Kirk Franklin – “We Win” – WINNER

BET HER

Mary J. Blige – “Good Morning Gorgeous” – WINNER

BEST INTERNATIONAL ACT

Tems (Nigeria) – WINNER

BEST MOVIE

King Richard – WINNER

BEST ACTOR

Will Smith – “King Richard” – WINNER

BEST ACTRESS

Zendaya – “Euphoria” / “Spider-Man: No Way Home” – WINNER

YOUNGSTARS AWARD

Marsai Martin — WINNER

SPORTSWOMAN OF THE YEAR AWARD

Naomi Osaka – WINNER

SPORTSMAN OF THE YEAR AWARD

Stephen Curry – WINNER

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BREAKING: Justice Tanko Muhammad Resigns As CJN

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BREAKING: Justice Tanko Muhammad Resigns As CJN

The Chief Justice of Nigeria (CJN), Justice Tanko Muhammad, has resigned, Channels Television learned on Monday.

Sources told Channels Television that Justice Muhammad resigned on Sunday night, citing ill-health as the reason for his decision.

Information also has it that arrangements are ongoing to swear in the next most senior justice of the Supreme Court, Justice Olukayode Ariwoola, as the acting Chief Justice of Nigeria.

According to reports, a formal announcement will be made shortly.

Until his resignation, reports had it that Justice Muhammad was seriously ill.

Last week, 14 justices of the Supreme Court had written him a letter to lament the decrepit state of affairs in the apex court.

In the leaked letter, the Justices accused the CJN of refusing to address the issues despite drawing his attention to them.

They complained of a lack of residential accommodation and vehicles at the court.

The justices further accused the CJN of gallivanting with his “spouse, children and personal staff,” while not allowing them to travel with an assistant on foreign trips.

The justices decried the lack of legal research assistants, despite the magnitude of cases being adjudicated.

On erratic electricity supply, the justices said they have been confined to work between the “hours of 8 a.m and 4 p.m daily, for lack of diesel,” after they were notified of the development by the Supreme Court’s Chief Registrar, Hajo Bello.

Meanwhile, Justice Tanko Muhammed did not attend the opening of the training for Judges on Alternative Dispute Resolution organized by the National Judicial Institute, amidst reports of resignation.

Although no Supreme Court Justice is present at the event.

Training of Judges by the Institute is usually declared open by the CJN or any of his representatives. however, the Administrator of the Institute, Justice Garba has opened the session.

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2023: I’m Still Searching For My Running Mate – Tinubu

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2023: I’m Still Searching For My Running Mate – Tinubu

Ahead of the 2023 general election, the presidential candidate of the All Progressives Congress (APC), Bola Tinubu, on Sunday said he is still searching for his running mate.

He stated this in Abuja while delivering his keynote address at the 60th birthday celebration of the Speaker of the House of Representatives, Hon Femi Gbajabiamila. The ex-Lagos Governor also heaped praises on the Speaker for his contributions to his political ambition of becoming Nigeria’s President and democracy, while extolling the virtues of his Deputy, Hon Idris Wase, for being a dependable ally.

“I could see a Deputy (Wase) sitting down there too, you are very good symbols of unity, dependability, and honesty, thank you. Thank you for both of you, you’ve not rocked the boat. I will need to learn from both of you, how you made the pair work because I’m still searching for my running mate,” Tinubu said.

“What you did during my primary (APC presidential election) is a story for another day. I’ve spent more time, too many times and people might be bored, they might be envious too, they might be jealous. I won a landslide, I thank you.

“Femi, with your determination, and reach, you are a contributor to our democratic growth, thank you. It is about charting a path to success, you’ve done a good job and I say thank you, thank you.”

Also speaking, President Muhammadu Buhari described Gbajabiamila as a team player and a skillful parliamentarian.

A file photo of APC preisdential candidate, Bola Tinubu.

Buhari, who was represented by his Chief of Staff, Prof Ibrahim Gambari, said the Speaker is one who looks beyond differences for the benefit of all.

“For him what matters is not so much the party differences but what unites Nigerians and that is why he is a passionate advocate for a peaceful democracy and unity of Nigeria. And no amount of parliamentary maneuvers or differences between parties would deviate him from this,” he said.

“He introduced the term legislative diplomacy. When there were issues between Nigerian and Ghanaian traders, he went to Accra and met with his colleagues and tried to resolve the issue.

“Mr President is very proud of the fact that he did not need to interfere in how the National Assembly runs because he had trust in the capacity in the leadership of the Senate and House of Representatives and therefore he feels that with capable hands in both chambers of the NASS there is no need to interfere.

“It is also a fact that under the Speaker and leader of the Senate, there is no automatic opposition and antagonism to the executive. The role of the legislature is not to be antagonistic as a matter of routine, but to be partners for good governance for the people of Nigeria. They are working together to make Nigeria better.”

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