A buzzing news that is stating Facebook plans to rebrand the company is circulating in the social media these days. Why is Facebook rebranding? This is the most common that is striking everyone’s mind. In this article, we have discussed the main intention behind this rebranding proposal of Facebook and what would be the Facebook new name. Have a look through.
Why is Facebook Rebranding?
Over the years, Facebook app has been ruling social media by merging various other startups like WhatsApp and Instagram. Facebook is now planning to expand its business and focus on building the metaverse. Recently, Verge released a report that states that Facebook could announce the new brand name next week i.e, October 28, 2021 at Facebook’s Connect conference. “We will effectively transition from people seeing us as primarily being a social media company to being a metaverse company, “Facebook CEO Mark Zuckerberg told to Verge in July. The rebranding would include the creation of a new parent company and the social media apps like Facebook, WhatsApp and Instagram would become subsidiaries.
Is it rumor or true?
Facebook changing name? Really? No one knows whether it’s a rumor or true. But, the experts are believing that Facebook may be following the same strategy that Google did. Earlier, Google did the same thing in the year 2015. Google formed its parent company Alphabet in 2015 to focus on Google’s non-search business interests, like autonomous cars, artificial intelligence and venture capital investing. Now, Facebook is also following the same strategy.
Conclusion
Why is Facebook rebranding? The Facebook rebranding which Facebook CEO Mark Zuckerberg is planning may be the signal for the tech giant’s ambition to be known for more than social media. Currently, Facebook holds more than 10.000 technology experts working on developing hardware like AR glass that will eventually be as ubiquitous as smartphones.