Mark Zuckerberg to Rebrand Facebook as "metaverse company": Facebook New Name

 

Facebook to rebrand itself as 'metaverse company', get new name: Report

Chief Executive Officer Mark Zuckerberg is expected to announce the name at the company's Connect conference on Oct. 28.

Facebook Inc., which is closely monitored for its business practices, plans to rename the company a new metallic focus, according to The Verge.

Chief Executive Officer Mark Zuckerberg is expected to announce the name at a company conference to be held on October 28, the website reported on Tuesday.

A Facebook spokesman declined to comment, saying the company "does not comment on rumors or speculation."
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Zuckerberg, who founded the social network in 2004, said the key to Facebook's future lies in the metaverse concept - the idea that users will live, work and exercise within the visible universe.

"In the years to come, I expect people to change and see us as a telecommunications company and see us as a communications company," Zuckerberg said in July. "In many ways metaverse is an outstanding form of social technology."

The renewal will take place at a time when Facebook is heavily criticized by regulators, lawmakers and activists. Referee Frances Haugen shared hundreds of thousands of company documents with directors and the Wall Street Journal. These articles elaborated on Facebook's struggle for content management and the negative mental health effects of its Instagram photo sharing program.