social media giant Facebook According to a report in The Verge, Inc. plans to rebrand the company with a new name next week. Facebook’s Chief Executive Officer (CEO) Mark Zuckerberg is expected to discuss the name change at the company’s Connect conference on October 28, the website reported on Tuesday.
However, news of the rebranding may be revealed soon, the Verge report states.
The original Facebook app and service may remain unchanged in their branding, which is located under a parent company that counts other billion-user brands such as Instagram and WhatsApp in its portfolio. Google is already using its Alphabet Inc. Operates a similar structure with parent.
The report said the rebrand will position Facebook’s social media app as one of several products under the parent company, which will oversee groups like Instagram, WhatsApp, Oculus and others.
The original Facebook app and service may remain unchanged in their branding, which is located under a parent company that counts other billion-user brands such as Instagram and WhatsApp in its portfolio. Google is already using its Alphabet Inc. Operates a similar structure with parent.
Zuckerberg, who co-founded the social network in 2004, has said that the key to Facebook’s future lies with the metaverse concept – the idea that users will live, work and exercise inside a virtual universe. The company’s Oculus virtual reality headset and service are an important part of realizing that vision.
“In the coming years, I expect people to see us as a metaverse company from primarily seeing us as a social media company,” Zuckerberg said in July. “In many ways the metaverse is the ultimate expression of social technology.”
(with inputs from agencies)
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.