The site indicated that Facebook CEO Mark Zuckerberg intends to mention the name at the company’s annual “Connect” conference on October 28, but it is likely that the name will be announced earlier.
The new name will reflect the company’s ambition to become more than a company specialized in social networking sites, and the new name may place the blue Facebook brand under the umbrella of a parent company that supervises other groups, such as Instagram, WhatsApp, Oculus and others.
And Facebook announced the provision of 10,000 jobs to develop “Metaverse”, which is expected to shape the future of the Internet, as it will create an integrated virtual world using 3D technology.
The site stated that changing the name may distance the parent company from the accusations that were recently leveled on its Facebook site, after the Wall Street Journal transmitted a number of internal documents that showed details of the company’s handling of a number of controversial issues.
The whistleblower, Frances Hogan, who provided the Wall Street Journal with these documents, appeared in a hearing before the US Senate, in early October, and presented her testimony about what she described as violations in the company and prioritizing profits over the interests of users, while Facebook denied these accusations. .
It is not surprising that technology companies change their names according to their goals. In 2015, “Google” changed its internal organization to become under a parent company called “Alphabet”, indicating that it was no longer limited to search engines, but rather expanded to include a huge group of specialized companies. In different sectors, from smart cars to health technology.
In 2016. Snapchat changed its name to Snap Inc, and began promoting itself as a camera company, introducing in the same year, Spectacles with a camera.