Facebook is planning to change the name.


Facebook is planning to rename the company with a new name next week. Facebook CEO, Mark Zuckerberg is planning to talk about the name change at the company’s annual conference on October 28, but it could be revealed sooner.

This week Facebook reported that it is about to hire 10,000 people In Europe to work for the new project Metaverse. The Metaverse refers to efforts to combine virtual and reality technologies. The goal of this project is to create a space similar to the internet, where users can walk around and interact with one another in real time.

A rebranding could be part of an effort to overhaul Facebook’s reputation from the bad news

After all the critics and for ignoring reports on social media risk for teens.

Besides being the giantest social media, Facebook owns Instagram and WhatsApp. A name change could position the three platforms under one brand, similar to the way Google did.

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