Facebook is planning to announce next week that it will change its company name, states The Verge,  “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 provide comment for this story.

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