Facebook to change its name next week, report says

Facebook, the social networks business that’s been a huge part of our lives for the last years approximately, may not be called Facebook any longer. The modification might occur as quickly as next week.

The news originates from The Verge , which prices estimate a source with direct understanding of the matter. According to the report, CEO Mark Zuckerberg will discuss the name modification at Facebook’s Connect conference, arranged for Oct. 28, however the statement might occur earlier than that.

SEE:Facebook is working with 10,000 individuals in Europe to develop an enormous metaverse

There are really couple of information about what the brand-new name might be, or whether it’s going to be a total rebrand of Facebook, the service, or maybe a rebranding of the business while the item remains the exact same (believe Google’s Alphabet minute ). According to the report, the name modification is secret to all however couple of staff members, and it might have something to do with Facebook’s current concentrate on the metaverse and the business’s VR service, Horizon .

Facebook has all however dominated the social networks world, and if the business wishes to broaden, it needs to look beyond its present core residential or commercial properties: Facebook, Instagram, and WhatsApp.

Given Zuckerberg’s concentrate on increased and virtual truth in the last few years —– he did actually state in July that Facebook “will successfully shift from individuals seeing us as mostly being a social networks business to being a metaverse business” —– it’s most likely that the name modification will have something to do with that. And provided the quantity of (not unjust) criticism and suits Facebook has actually seen recently, the business may feel it’s time for a clean slate.

I’ve connected to Facebook and a representative informed me the business does not talk about “rumour or speculation.”

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Read more: mashable.com

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