Facebook plans to change the company's brand name

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O Facebook plans to change his company name next week to reflect his focus on building the metaverse, according to information from The Verge. The upcoming name change about which the CEO Mark Zuckerberg planning to speak at the company's annual conference on Oct. 28, aims to signal the tech giant's ambition to be known for more than just social media.

The rebranding would likely position Facebook's blue app as one of many products from a parent company that oversees groups like Instagram, WhatsApp, Oculus and much more. However, wanted by The Verge, a Facebook spokesperson declined to comment on this story.

Facebook already has more than 10,000 employees building consumer hardware like AR glasses, which Zuckerberg believes will eventually be as ubiquitous as smartphones. In July, he told the portal that, over the next few years, "we will transition from people who see us primarily as a social media company to a metaverse company."

The company's new name has yet to be released, despite some guessing and speculation.

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