Facebook is rebranding and changing its company name as soon as coming week, according to The Verge. Supposedly, the social media mammoth will have a new name that will reflect its focus on creating a metaverse. It’s also conceivably connected to its unreleased social virtual reality world called Horizon Worlds. The social network itself will probably retain the Facebook branding and will be under a new parent company, along with Instagram, WhatsApp and Oculus. That would be analogous to what Google did in 2015 when it put its colorful systems and divisions, along with itself, under its parent company Alphabet.
The Verge says the name change is a nearly guarded secret at the moment and not indeed all elderly leaders have knowledge about it. Mark Zuckerberg has long talked about wanting to make Facebook a metaverse company and has been taking way towards that thing. Before this time, Facebook formed a platoon devoted to erecting a metaverse, and just a many days agone, it talked about adding” high-professed” jobs across the European Union over the coming five times to make its virtual and stoked reality gests. It also released the Ray-Ban Stories stoked reality smart spectacles in September We reached out to Facebook for a statement, and company prophet Joe Osborne said”We do n’t comment on scuttlebutt or enterprise.”
It’s unclear how long Facebook been has planning on changing its name, but it’s clearly a good distraction for the examinations it’s facing and the bad press it’s presently getting. Former superintendent- turned-whisleblower Frances Haugen handed the Congress and the Securities and Exchange Commission with a treasure trove of internal documents, dropped several exposures about the company and indicted it of choosing” profit over safety”— commodity Zuckerberg adamantly denied.
In early October, she witnessed at a Senate hail about exploration she says proves that the social network constantly prevaricated about its platform, including the” efficacity of its artificial intelligence systems, and its part in spreading divisive and extreme dispatches.”Haugen has several ideas on what Facebook should change, but none of them has anything to do with changing its name. They include going back to chronological feeds from algorithmic ranking, adding some features that would help the spread of misinformation and opening Facebook exploration to people outside the company.