Facebook is planning to remarket the company with a new name
Facebook is planning to remarket the company with a new name: Facebook is getting to amend its name next week to replicate
its concentration on building the metaverse, per a supply with direct information of the matter.
Evest follows all this in the following report
Topics:
New Name!?
Companies Changing Names
What is Metaverse ?
New Name!?
The coming name change, that CEO Mark Zuckerberg plans to speak about at the company’s annual Connect conference on October 28th,
might be unveiled sooner, is supposed to indicate facebook ambition to be more than social media and all the ills that entail.
The rebranding would probably position the blue Facebook app underneath a parent company overseeing Facebook apps like
Instagram, WhatsApp, Oculus, and more. A spokesperson for Facebook declined to comment on this story.
In addition, the rebranding may be helpful to separate the futuristic work Zuckerberg is concentrating on from the extreme scrutiny Facebook ,
is presently under for the manner its social platform operates today.
A former worker turned whistleblower, Frances Haugen,
recently leaked a trove of damning internal documents to The Wall Street Journal and testified before Congress.
Antitrust regulators in the U.S. and elsewhere try to break the corporation up,
while the public trust in how Facebook does business is falling.
Companies Changing Names
Facebook isn’t the primary well-known tech company to vary its name as its ambitions expand.
In 2015, Google reorganized entirely beneath a company known as Alphabet,
partially to signal that it had been no longer just a search engine,
however a sprawling conglomerate with corporations creating driverless cars and health tech.
And Snapchat rebranded to Snap Inc.
in 2016, the same year it started calling itself a “camera company” and debuted its first try of Spectacles camera glasses.
The metaverse is “going to be center of attention and I think that this is going to be a big part of a consecutive chapter for the method that the net evolves after the mobile internet,”
Zuckerberg told The Verge’s Casey Newton this summer.
“And I believe it’s going to be the next big chapter for our company too, extremely doubling down in this area.”
Complicating matters is that, whereas Facebook has been heavily promoting the concept
of the metaverse in recent weeks, it’s still not a concept that’s widely understood.
The term was coined originally by sci-fi novelist Neal Stephenson to describe a virtual world of individuals escaping from a dystopian real world.
Currently, it’s being adopted by one of the world’s largest and most debatable corporations
and it’ll have to convince why it’s worth investing and diving into this virtual world