Facebook Inc., facing intense scrutiny over its business practices, is planning to rebrand the company with a new name that focuses on the metaverse, according to The Verge.
Chief Executive Officer Mark Zuckerberg is expected to announce the name at the company’s Connect conference on Oct. 28, the website reported on Tuesday.
A Facebook spokesperson declined to comment, saying the company doesn’t “comment on rumor or speculation.”
Zuckerberg, who co-founded the social network in 2004, has said that the key to Facebook’s future lies with the