Facebook's new company name to be announced soon

Mark Zuckerberg, CEO of Facebook.

Facebook CEO Mark Zuckerberg has yet to decide on a new name for his rebranding, journalist Casey Newton reports. A new name for Facebook could be announced as early as October 25, sources told Newton. The Verge reported on October 19 that Facebook is rebranding to focus on its "metaverse" ambitions. Facebook CEO Mark Zuckerberg says he hasn't decided on a new name for the company yet, even though it could announce a rumored rebranding in the next few days. Newsletter Platformer reported. Journalist Casey Newton, citing two unnamed sources, reported that Facebook's rebranding had been in the works for at least two months. A person familiar with the matter told Newton that the announcement could come as soon as Facebook's earnings release on Oct. 25. The Verge reported Wednesday that Facebook is planning a name change as part of its plans to become a "metaverse" company. According to the article, Facebook's service name and app name will not change, but the company name will change. The Metaverse is a term borrowed from science fiction to describe the future of the Internet, where people access the web using virtual reality (VR) and augmented reality (AR) headsets rather than laptops and smartphones. .

Isobel Asher Hamilton