‘Meta’ in Greek means ‘after’ or ‘beyond’. The overall Facebook company will now simply be called Meta. However, the Facebook app will retain its name and there’s no change for other apps.
‘An immersive embodied internet’, that’s how Mark Zuckerberg, creator of Facebook and now the CEO at ‘Meta’, is describing the ‘metaverse’ that the company wants to ‘help’ build. With this new focus, Facebook is now called ‘Meta’, a change, the company announced at its Connect 2021 conference.

Meta or rather Facebook has its fair share of problems when it comes to user privacy. But Zuckerberg insists that the metaverse will be built keeping in mind ‘user’ privacy.
The keynote also talked about how they don’t want to surprise people with new technology, and that they would need to work with policy makers, governments as the metaverse is being built.