Facebook is planning on changing it’s name

The Verge, based on an anonymous source familiar with Facebook affairs, writes that Facebook may continue to operate under a different name in the future.

Facebook plans to change the company’s name next week to focus more on the upcoming meta version in the future, writes The Verge, citing a source requesting anonymity. The paper knows Mark Zuckerberg will talk about this plan at the company’s annual Connect conference on October 28th.

According to the paper, changing the company’s name indicates an ambition that the company wants to be more than a social media platform. The meta version would be another big throw for the company, covering a virtual world that VR devices can enter. In the digital space, users could live a second online life.

The Verge writes that the label’s future as a Facebook application is one of the many products and would fall under a parent company, supervised by the departments, such as Instagram, WhatsApp, or Oculus. A Facebook spokesman has not yet commented on the information.

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@ Facebook

Facebook currently has more than 10,000 employees to build products such as augmented reality goggles. These, according to Zuckerberg, will eventually be as present in our lives as smartphones. The company would expand its team by an additional 10,000 people in Europe to build the metaverse.

According to The Verge, the name change could also mean the company wants to separate current jobs as much as possible from Facebook’s recent attacks and future investigations. As is known, a former employee, Frances Haugen, stirred the stagnant water around Facebook more than ever by leaking sensitive information about the company’s operations.

By the way, Google has already taken a similar step. The technology giant created an umbrella company called Alphabet in 2015, under which it then also classified Google.

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