Facebook plans to change its name

Social media giant Facebook is planning to rebrand the company with a new name next week. As per The Verge, the company is planning to change its name to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter. CEO Mark Zuckerberg will plan to talk about the change at company's annual Connect conference on October 28, but could unveil sooner. The name change is meant to signal the tech giant's ambition to be known for more than social media and all the ills that entail. A rebrand could also serve to further separate the futuristic work Zuckerberg is focused on from the intense scrutiny Facebook is currently under for the way its social platform operates. The name of that app was recently tweaked to Horizon Worlds shortly after Facebook demoed a version for workplace collaboration called Horizon Workrooms. Facebook has been steadily laying the groundwork for a greater focus on the next generation of technology.