(((WRTF) — Facebook will change its brand name with a new group name called “Metaverse”. The Verge Reported on Tuesday.
The name change will be revealed by Facebook CEO Mark Zuckerberg at the company’s annual Connect meeting on October 28th.
Facebook said it didn’t comment on “rumors and speculation.”
With the rebranding, Facebook’s social media apps will be positioned as one of many products under the parent company that also oversees groups such as Instagram, WhatsApp and Oculus, Verge reports added.
The report also reflects Facebook’s focus on building the so-called Metaverse, an online world where people can move and communicate in virtual environments using a variety of devices.
Report: Facebook will change name next week
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