Connect with us

Tech

Facebook to rebrand with new name

Published

on

Facebook working on new messaging app to muscle out Snapchat, reports say

Social media giant, Facebook, is speculated to be working on changing its company name next week, theVerge reports.

The development, according to the source, comes as the company seeks to reflect its focus on building the metaverse.

Metaverse, a construct made up of the prefix “meta” and the stem “verse,” describes the concept of a future iteration of the Internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe.

Read also: Facebook blames engineers, denies hackers caused WhatsApp, Instagram crash

CEO of Facebook, Mark Zuckerberg, is expected to talk about the new development during the company’s annual Connect conference on Thursday, October 28, 2021.

While the details still remain unclear, the rebrand will possibly identify Facebook as a product (like Whatsapp, Instagram) under the new parent company name.

Six years ago, precisely on October 2, 2015, Google took a similar turn when it rebranded to adopt Alphabet Inc. as its parent name overseeing other subsidiaries including Google, Youtube, et al.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations