The Verge: Facebook plans to change its name

The Verge: Facebook plans to change its name
The Verge: Facebook plans to change its name

The Verge said Facebook CEO Mark Zuckerberg plans to talk about the name change at the company’s annual Connect conference on October 28, although there is still a chance that the matter will be revealed at an earlier date.

The site added that the rebranding will likely put the Facebook app as one of several products of a mother company that will oversee groups such as Instagram, WhatsApp, Oculus and others.

Facebook said it does not comment on rumors or speculation.

The news comes at a time when the company faces increased scrutiny from the US government over its business practices.

Lawmakers from both parties have criticized the company, illustrating the growing anger in Congress against Facebook.

It is not uncommon in Silicon Valley for companies to change their names while trying to expand their services. Google did so when it created Google Alphabet as a holding company in 2015, expanding beyond the search and advertising business, and to oversee many other projects. Such as providing Internet services in remote areas.

The move to rebranding will also reflect Facebook’s focus on building the so-called metaverse, an online world where people can use different devices to navigate and communicate in a virtual environment, according to the report.

Facebook has invested heavily in virtual and augmented reality and intends to connect nearly 3 billion users through many devices and applications.

On Tuesday, the company also announced plans to create 10,000 jobs in the European Union over the next five years to help build its “virtual reality universe,” or metaverse.

Zuckerberg has been talking about metaverses since last July, and the buzzword, first coined in Neil Stevenson’s 1992 novel “Snowbreaking,” has been referred to as a three-dimensional virtual space where humans interact as avatars with each other and with software. .

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