Skip to main content

Facebook Plans To Change Its Name: Report

 

Facebook Chief Executive Officer Mark Zuckerberg plans to talk about the name change at the company's annual Connect conference on Oct. 28, but it could be unveiled sooner, the Verge reported

Facebook Plans To Change Its Name: Report

The rebrand will likely position Facebook's app as one of many products under a parent company.

Social media giant Facebook Inc is planning to rebrand itself with a new name next week, The Verge reported on Tuesday, citing a source with direct knowledge of the matter.

Facebook Chief Executive Officer Mark Zuckerberg plans to talk about the name change at the company's annual Connect conference on Oct. 28, but it could be unveiled sooner, the Verge reported.

In response, Facebook said it does not comment on "rumor or speculation."

The news comes at a time when the company is facing increasing U.S. government scrutiny over its business practices. Lawmakers from both parties have excoriated the company, illustrating the rising anger in Congress with Facebook.

The rebranding would position Facebook's social media app as one of many products under a parent company, which will also oversee groups like Instagram, WhatsApp, Oculus and more, the Verge report added.

It's not uncommon in the Silicon Valley for companies to change their names as they bid to expand their services.

Google established Alphabet Inc as a holding company in 2015 to expand beyond its search and advertising businesses, to oversee various other ventures ranging from its autonomous vehicle unit and health technology to providing internet services in remote areas.

The move to rebrand will also reflect Facebook's focus on building the so-called metaverse, an online world where people can use different devices to move and communicate in a virtual environment, according to the report.

Facebook has invested heavily in virtual reality (VR) and augmented reality (AR) and intends to connect its nearly three billion users through several devices and apps.

The company also announced plans on Tuesday to create 10,000 jobs in the European Union over the next five years to help build the metaverse.



Labels:

Comments

Post a Comment

Popular posts from this blog

DeepSeek and DeepSeek AI Stocks on NSE: Why They’re Trending and What Investors Need to Know

In recent days, **DeepSeek** and **DeepSeek AI stocks** have been making waves on the **National Stock Exchange (NSE)**, capturing the attention of investors and traders alike. With the buzz around these stocks growing, many are wondering what’s driving the trend and whether it’s a good opportunity to invest. In this article, we’ll dive deep into the reasons behind the surge in interest, analyze the potential of DeepSeek and DeepSeek AI stocks, and provide insights for investors looking to capitalize on this trend. --- ### **What is DeepSeek and DeepSeek AI?** DeepSeek is a cutting-edge technology company specializing in **artificial intelligence (AI)** and **machine learning (ML)** solutions. Its subsidiary, **DeepSeek AI**, focuses on developing advanced AI-driven tools and platforms for industries like healthcare, finance, and e-commerce. The company has gained significant traction due to its innovative approach and the increasing demand for AI technologies across sectors. --- ALSO ...
Post a Comment
Read more

Don't Install DeepSeek AI - EXPOSED

  Why You Should Think Twice Before Installing the DeepSeek AI App In recent times, DeepSeek AI has emerged as a trending application, attracting attention for its advanced features. However, despite its popularity, concerns around data security and privacy have prompted many to question its safety. Given the history of issues associated with Chinese-origin apps, it is essential to understand the potential risks before installing DeepSeek AI. The History of Chinese App Bans in India In 2020, the Indian government imposed a sweeping ban on numerous Chinese applications, including widely used platforms like TikTok, PUBG Mobile, and WeChat. This decision was driven by national security concerns, with officials citing risks related to data privacy and the potential for these apps to compromise user information. The geopolitical tensions between India and China further fueled this move, emphasizing the importance of safeguarding sensitive data from foreign influence. The government'...
Post a Comment
Read more