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10/20, 6:53 AM (Source: TeleTrader)
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Facebook plans to rebrand company with new name - report

Facebook Inc. is planning to change its company name next week in an effort to build a so-called metaverse, the Verge reported, citing a source with knowledge of the matter.

CEO Mark Zuckerberg reportedly plans to talk about the move at the company's Connect conference on October 28, but the announcement could come sooner.

The Facebook app will likely remain unchanged and moved under a parent company overseeing other services such as Instagram and WhatsApp.

Breaking the News / NL