As part of plans to rebrand itself, social media giant Facebook is planning to change its name next week, according to a report from The Verge.
The report, which was published yesterday, had cited a source that has direct knowledge of the matter.
At the company’s annual Connect conference, which is scheduled to take place on the 28th of October, Chief Executive Officer Mark Zuckerberg plans to talk about the name change, however, it may be announced sooner.
Facebook has responded to the report by stating that it doesn’t comment on rumour or speculation.
The social media company’s rebranding could mean that Facebook’s social media app would be positioned under a parent company that would oversee groups such as WhatsApp, Instagram, Oculus and more, according to the report.
This comes as Facebook focuses on its newest development ‘The Metaverse’, which is an online world where people use different devices to move and communicate in a virtual environment.
It is already seeking 10,000 workers in the EU to help with the development over the next five years.
The Verge report suggested the possibility of the company being named after something to do with Horizon.
Facebook had recently renamed its in-development VR gaming platform ‘Horizon’ to ‘Horizon Worlds’.
IMAGE – “Mark Zuckerberg F8 2018 Keynote” (CC BY 2.0) by Anthony Quintano