The Verge writes that Facebook’s new name will reflect its focus on creating a metaverse. The company will be rebranded as a parent group overseeing its suite…
Why it matters: With close to 3 billion monthly active users, almost half the world is on Facebook, and most non-users know of the social network. But according to a new report, the company is about to undergo a name change. The Verge writes that Facebook’s new name will reflect its focus on creating a metaverse. The company will be rebranded as a parent group overseeing its suite of apps, including Instagram, WhatsApp, Oculus, and the current Facebook app—similar to when Google reorganized in 2015 to become a subsidiary of new parent Alphabet. CEO Mark Zuckerberg is reportedly planning to talk about the name change at the annual Connect conference on October 28, though it could be revealed sooner.
