Social media giant Facebook is planning to rebrand itself with a new name next week to reflect its focus on building the metaverse, the Verge has reported, citing a source with direct knowledge of the matter.
Facebook CEO Mark Zuckerberg plans to talk about the name change at the company’s annual Connect conference on the 28th of October, but it could be unveiled sooner, the Verge reported.
A metaverse refers to shared virtual world environments, which people can access via the internet. The term can refer to digital spaces, which are made more lifelike by the use of virtual reality or augmented reality.
The rebranding would likely position Facebook’s social media app as one of many products under a parent company, which will oversee groups like Instagram, WhatsApp, Oculus and more, the report added Facebook said it does not comment on rumour or speculation.
The team at Platform Executive hope you have enjoyed the ‘The Verge: Facebook plans to change its name‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Shivam Patel in Bengaluru. Editing by Rashmi Aich and Anil D’Silva.
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