Facebook Rebrands it’s new name to “Meta”.

A report says that the new name could drop next week, with the goal of distancing the company’s future tech from its current image.The rebrand would cast the Facebook app as just one of many products under a parent company which would also oversee other Facebook-owned properties like Instagram, WhatsApp, Oculus, and Giphy. 

CEO Mark Zuckerberg will unveil its new name at the annual Connect conference on October 28, but it could announce the new name earlier, as reported by The Verge. Zuckerberg said that Facebook’s future lies in the virtual metaverse, in which users will live, work and play inside. 

“[The metaverse] touches a lot of the biggest themes that we’re working on. Think about things like community and creators as one, or digital commerce as a second, or building out the next set of computing platforms, like virtual and augmented reality, to give people that sense of presence. I think all of these different initiatives that we have at Facebook today will basically ladder up together to contribute to helping to build this metaverse vision.”CEO Mark Zuckerberg.

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