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Meta, formerly known as Facebook, is betting big on the metaverse.
That’s why it changed its name: to reflect its goal of expanding into what will succeed the modern-day internet. Zuckerberg has said it never made sense anyway for the company, which houses multiple projects and apps, to go by one of their names (Facebook.)
And if that move sounds familiar, it’s because that’s how Google restructured itself in 2015 to allow each of its businesses to operate more efficiently.
When Alphabet stood up, Google and its “Other Bets” endeavors — devoted to…