Social media giant Facebook is about to change its name. A recent report in The Verge has revealed such shocking news. Mark Zuckerberg, the company's CEO, is expected to make a final announcement at the company's annual general meeting on October 28 next week.
There is no news of happiness or sad news! However, Facebook is changing its name. Yes, that's right! The name of social media giant Facebook may change, a report claims. On Tuesday, such a report in the media The Verge caused a stir all over the world. The news was published quoting a source in The Verge's report.
The annual conference of Facebook is going to be held on October 28 this year. The Verge report claims that Mark Zuckerberg, the company's chief executive officer, could make a big announcement about Facebook's rebranding or name change at the conference. However, Facebook has claimed that "the company is not willing to respond to any rumours or speculation."
The report comes at a time when the duality between Facebook and the US government is at an all-time high. The Joe Biden government has not been at loggerheads with Facebook on multiple issues over the past few days. In particular, the current US administration has been scrutinizing multiple issues related to the company's business. Lawmakers on both sides have alerted the company to the growing anger in Congress over Facebook.
The rebranding will establish Facebook's social media app as one of many products under a parent company that will monitor Instagram, WhatsApp, Oculus and more, The Verge reports. However, there is nothing unusual about that. Because of the expansion of business among Silicon Valley companies, such renaming or rebranding has been noticed before.
Google established Alphabet Inc. in 2015 as a holding company to oversee various initiatives to provide Internet services in remote areas, ranging from the company's autonomous vehicle unit and health technology to expand its search and advertising business...
The report further claims that the name change or rebranding will also reflect Facebook's focus on creating a so-called metaverse. Metaverse is another online world within this world, where people can use different devices to navigate and communicate in a virtual environment. Facebook has also announced plans to create 10,000 jobs in the European Union over the next five years to help build Metaverse.
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I hope you understand Facebook is planning to rebrand the company with a new name. If you have any queries about this please comment us or mail us.
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