Facebook to change its name for ‘metaverse’

The social media leader, Facebook has decided to rename the company to get a better focus on building ‘metaverse’, according to a report by The Verge.

The tech giant’s founder and CEO, Mark Zuckerberg will make an announcement in the annual conference Connect on 28^th of October. Facebook is also aiming to put on board around 10,000 employees in Europe to help metaverse grow.

The company however, has thousands of employees working on its consumer hardware already. A few months back the company’s founder stated “we will effectively transition from people seeing us as primarily being a social media company to being a metaverse company”.

The hearsay regarding the name change became viral when Facebook and companies received intense flak right after certain documents were leaked through a former employee Frances Haugen, about company’s weak supervision of ‘Facebook reports’ and Instagram’s grave consequences on teens’ mental health.

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