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Facebook plans to change its name
October 20, 2021
Social media giant Facebook Inc is intending to rebrand itself with new name one week from now, the Verge reported on Tuesday, referring to a source with direct knowledge on the matter.
Facebook Chief Executive Officer Mark Zuckerberg plans to discuss the name change at the organization’s annual Connect conference on Oct. 28, but it could be unveiled sooner, the Verge reported.
The news comes when the organization is facing increasing U.S. government scrutiny over its business practices. Lawmakers from the two players have excoriated the organization, illustrating the anger in Congress with Facebook.
The rebranding would position Facebook’s social media application as one of numerous products under a parent organization, which will likewise oversee groups like Instagram, WhatsApp, Oculus and more, the Verge report added.
It’s normal in the Silicon Valley for organizations to change their names as they bid to expand their services.
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