Facebook’s Meta rebrand is Mark Zukerberg’s latest attempt to maintain Web3’s social media leadership, particularly Metaverse, and to mark Meta’s one-year rebranding of Sam Bankman-Fried. (SBF), CEO of crypto exchange FTX, shares his thoughts on the rebrand and what it means for Meta’s future.
Zuckerberg’s $100 billion investment in Metaverse raised questions when the CEO released an avatar for Meta’s Horizon Worlds VR platform. even after revisions
According to Bankman-Fried, he believes Facebook’s growth has not been affected by new competitors such as TikTok. “Stop growing because there is no more room to grow.”
However, the SBF highlighted the “vague Meta approach” and how investors decided to spend $10 billion a year on the Metaverse, further strengthening Zuckerberg’s position as a Metaverse believer.
SBF reiterates that Facebook has won by being the largest social media network. “So what next? How did you start building Social Media 3.0?” SBF concluded.
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