Facebook rebrand: Tech giant considers taking up new name

Facebook rebrand might have started taking place already as the big tech firm is reportedly planning to take up a new company name sometime within the coming week
Facebook rebrand might have started taking place already as the big tech firm is reportedly planning to take up a new company name sometime within the coming week

Facebook is reportedly planning to take up a new company name sometime within the coming week to reflect its recent momentum on building the metaverse.

According to the insider report, CEO Mark Zuckerberg will be talking about the name change during the company’s annual Connect conference on October 28th. But of course, the change could be announced even before then, signalling the beginning of another chapter in the tech giant’s journey as it continues to explore ways to be known for more than being just a social media platform. The Fecebook rebrand would likely see the blue app becoming just one of many other products — like Oculus, WhatsApp, and Instagram — that will be under a single parent company overseeing them.

Facebook Rebrand Will See It Transition to Being a Metaverse Company

At it stands, Facebook already boasts of more than 10,000 employees building hardware consumer products like AR glasses that Zuckerberg surely hopes will soon be as common as smartphones. Recall that back in July, the CEO while speaking to The Verge, said that over the next several years, the Facebook rebrand will take place, effectively transition it from being just social media company to being a metaverse company.

And yes, what better time for this rebrand to come, than now that Facebook is under the light and public scrutiny for the questionable way its social media operates presently. Remember that we reported at TheCoinrise about a former employee turned whistleblower, Frances Haugen, recently leaking a ton of damning confidential documents to The Wall Street Journal and also testifying about them before the Congress. Also, the failing confidence of the peolei in how Facebook does its business, as well as regulatory bodies trying o hard to break up the company may speed up the company’s plans to change its name.