Social media platform Facebook, next week is planning to rename the company to reflect its focus on the multiverse, according to a report.
Chief Executive Officer of Facebook Mark Zuckerberg, on 28th of October is planning to talk about the name change at the company’s annual Connect conference.
However, the company could disclose the name more quickly than that as the tech giant aims to be known for more than social media.
Rebranding would position the blue Facebook app as one of the many products under the parent company
The rebranding would position the blue Facebook app as one of the many products under the parent company that oversees further apps like WhatsApp, Instagram and Oculus, according to a report in The Verge.
It was revealed through a report that the company wants to effectively shift from being seen as a social media company to a metaverse company. According to them, rebranding would separate Facebook’s social media app from the futuristic work that Zuckerberg is planning on, amid rigorous scrutiny.
Ex-employee Frances Haugen circulated a bunch of damning internal reports
This appears after whistleblower ex-employee Frances Haugen circulated a bunch of damning internal reports to The Wall Street Journal and confirmed the same before the Congress.
The report asserted that the new Facebook company name is a closely-guarded secret and is not known widely even among its full senior leadership. The company has been steadily laying the blueprint for the next generation of technology; metaverse and has already set up a devoted team. It also declared that it will hire 10,000 more employees to work on the metaverse in Europe.