Latest News
Facebook changes its company name to Meta
Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the successor to the mobile internet.
The name change comes as the world’s largest social media company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the policing of abuses on its services.
CEO Mark Zuckerberg, speaking at the company’s live-streamed virtual and augmented reality conference, said the new name reflected its work investing in the metaverse, rather than its namesake social media service, which will continue to be called Facebook.
The metaverse is a term coined in the dystopian novel “Snow Crash” three decades ago and now attracting buzz in Silicon Valley. It refers broadly to the idea of a shared virtual realm which can be accessed by people using different devices.
“Right now, our brand is so tightly linked to one product that it can’t possibly represent everything that we’re doing today, let alone in the future,” said Zuckerberg.
The company, which has invested heavily in augmented and virtual reality, said the change would bring together its different apps and technologies under one new brand. It said it would not change its corporate structure.
The tech giant, which reports about 2.9 billion monthly users, has faced increasing scrutiny in recent years from global lawmakers and regulators.
In the latest controversy, whistleblower and former Facebook employee Frances Haugen leaked documents which she said showed the company chose profit over user safety. Haugen has in recent weeks testified before a U.S. Senate subcommittee and lawmakers in the UK’s Parliament. Zuckerberg earlier this week said the documents were being used to paint a “false picture.”
The company said in a blog post that it intends to start trading under the new stock ticker it has reserved, MVRS, on Dec. 1. On Thursday, it unveiled a new sign at its headquarters in Menlo Park, California, replacing its thumbs-up “Like” logo with a blue infinity shape.
Facebook shares closed 1.5% higher at $316.92 on Thursday.
Latest News
Only one of three Afghan suspects was on US terror watch list of 18,000
The Office of the Director of National Intelligence has identified nearly 2,000 Afghans with suspected terror ties and continues to share intelligence with law enforcement agencies.
U.S. authorities are reviewing a classified terror watch list of about 18,000 people after it emerged that only one of three Afghan nationals arrested in recent high-profile cases was on the list, the New York Post reported, citing an intelligence source.
According to the NY Post, the revelation has raised concerns that some suspects may have been radicalized after arriving in the United States. The issue gained renewed attention following last month’s shooting of National Guard members in Washington, DC.
National Counterterrorism Center Director Joe Kent told lawmakers at a December 11 hearing that around 18,000 known or suspected terrorists entered the U.S. over a four-year period under the previous administration. Since then, officials have been combing through the database to assess potential threats and examine how certain individuals were admitted into the country.
Jaan Shah Safi was the only one of three recently arrested Afghan nationals listed in the Terrorist Identities Datamart Environment (TIDE), the U.S. government’s central terror database. Safi, who arrived in the U.S. in 2021 under Operation Allies Welcome, is accused of providing weapons and other support to ISIS-K. U.S. officials say he remains in ICE custody pending removal proceedings.
The other two suspects — Rahmanullah Lakanwal, charged with killing a National Guard member in Washington, and Mohammad Dawood Alokozay of Texas, accused of threatening a suicide attack — were not on the watch list, according to the Post. Intelligence officials cited in the report said this suggests they may have been radicalized after entering the United States.
The Post said the Office of the Director of National Intelligence has identified nearly 2,000 Afghans with suspected terror ties and continues to share intelligence with law enforcement agencies.
The issue has reignited debate over the vetting process used during the rapid evacuation of Afghans in 2021, when more than 100,000 people were brought to the United States.
Lawmakers and officials quoted by the New York Post called for closer scrutiny of those admitted during that period, amid growing political and public concern over national security and immigration policy.
Latest News
Afghanistan signs 30-year deal for marble mining in Daikundi
The Ministry of Mines and Petroleum of Afghanistan has signed a 30-year agreement with a private company to extract marble in Daikundi province.
Under the contract, the company will invest AFN 283 million in exploring and mining marble at the “Mesh-Uliya” site, spanning 16.74 square kilometers in central Daikundi.
Hedayatullah Badri, Minister of Mines and Petroleum, stated that the marble will be processed domestically before being exported abroad. He added that the Mesh-Uliya project is expected to create around 200 jobs, and the company is committed to supporting local communities through social initiatives.
Economic experts highlight that such investments, especially those focusing on domestic processing, are crucial for job creation, boosting exports, and strengthening the national economy. Analysts further note that the project will improve local infrastructure, expand social services, and enhance the economic and social well-being of Daikundi residents.
Since the return of the Islamic Emirate to power, efforts to develop Afghanistan’s mining sector have intensified, with multiple contracts signed in areas including cement, copper, iron, and lapis lazuli, involving both domestic and international companies.
Latest News
Passenger bus veers off Salang Highway, leaving 5 dead, dozens injured
-
Latest News3 days agoAfghan border forces prevent illegal entry of hundreds into Iran
-
Latest News2 days agoPakistan summons Afghan diplomat over deadly attack in North Waziristan
-
Latest News3 days agoJapan allocates nearly $20 million in humanitarian aid for Afghanistan
-
Latest News2 days agoAfghan health minister calls for medical cooperation between Kabul and New Delhi
-
Latest News2 days agoKarzai urges reopening of girls’ schools and universities for Afghanistan’s bright future
-
Health4 days agoAfghanistan seeks India’s support in standardizing traditional medicine
-
World4 days agoUS readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports
-
Business4 days agoAfghanistan-Kazakhstan banking ties discussed in Kabul meeting
