The Verge: ‘Facebook Plans to Change Company Name to Focus on the Metaverse’

Possible huge scoop from Alex Heath for The Verge:

Facebook is planning to change its company name next week to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter.

The coming name change, which CEO Mark Zuckerberg plans to talk about at the company’s annual Connect conference on October 28th, but could unveil sooner, is meant to signal the tech giant’s ambition to be known for more than social media and all the ills that entail. The rebrand would likely position the blue Facebook app as one of many products under a parent company overseeing groups like Instagram, WhatsApp, Oculus, and more. A spokesperson for Facebook declined to comment for this story.

It took Philip Morris an entire century to get to its Altria rebranding moment. If this pans out, it took Facebook 17 years.

★ Tuesday, 19 October 2021