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BREAKING: Facebook To Change Its Name Next Week

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Facebook will next change it name next week.

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Facebook Inc (FB.O), under fire from regulators and lawmakers over its business practices, is planning to rebrand itself with a new name that focuses on the metaverse, reports said.

The Verge reports that the name change will be announced next week, citing a source with direct knowledge of the matter.

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The move would likely position the flagship app as one of many products under a parent company overseeing brands such as Instagram and WhatsApp, according to the report.

Google (GOOGL.O) adopted such a structure when it reorganized into a holding company called Alphabet in 2015.

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