Facebook is planning to change its name as part of rebranding the company; Says report

Facebook Chief military personnel Mark Zuckerberg plans to speak regarding the name modification at the company’s annual Connect conference on Oct. 28, however it would be disclosed sooner, the Verge according.

In response, Facebook same it doesn’t treat “rumor or speculation”. The news comes at a time once the corporate is facing increasing U.S. government scrutiny over its business practices. Lawmakers from each parties have excoriated the corporate, illustrating the rising anger in Congress with Facebook. The move to rebrand will replicate Facebook’s target building the questionable metaverse, a web world wherever folks will use completely fully completely different devices to maneuver and communicate in a {very} very virtual setting, in step with the report.

The rebranding would position Facebook’s social media app together of the assorted product below a parent company, which can additionally administer teams like Instagram, WhatsApp, Oculus, and more, the Verge report a great deal of. the corporate additionally declared plans on weekday to make ten,000 jobs at intervals the eu Economic Community over succeeding 5 years to assist build the metaverse.