Technology

Facebook plans to change its name to focus on metaverse: Report

Facebook CEO Mark Zuckerberg  

Facebook is planning to rename the company, The Verge reported citing a source with direct knowledge of the matter. The report comes amid sustained regulatory scrutiny over its business practices.

(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.)

Facebook CEO Mark Zuckerberg plans to unveil the new name at the company’s annual connect conference on October 28, the report added.

With the new name, the social media giant seeks to be known for more than social media and the scrutiny associated with it.

Zuckerberg had said previously that Facebook’s future lies in metaverse - an online concept where people exist and communicate in shared virtual spaces.

A few days ago, Facebook announced it will hire 10,000 engineers in the European Union over the next five years to build metaverse.

The renaming may make Facebook one of the apps under the larger banner, which will oversee WhatsApp and Instagram.


Our code of editorial values

Related Topics
This article is closed for comments.
Please Email the Editor

Printable version | Nov 29, 2021 9:37:54 PM | https://www.thehindu.com/sci-tech/technology/facebook-plans-to-change-its-name-to-focus-on-metaverse-report/article37083439.ece

Next Story