Mark Zuckerberg, the CEO of Facebook, is expected to talk about this name change at a conference. The original Facebook app and service may be unchanged in their branding. They will be under the parent company that has other billion-user brands like Instagram and WhatsApp. Google already operates a similar structure with its Alphabet Inc parent company.🙌
A Facebook spokesperson said that they do not comment on speculation.
Zuckerberg co-founded Facebook in 2004. He says that the future of Facebook lies with the idea that people will live, work, and exercise inside a virtual universe. And to make this happen, they are making Oculus headsets for virtual reality.
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In the coming years, I think people will see us as a company that is not just about social media. They will see us as the company that creates the world. The world is like a social place.❗
The rebranding of Facebook would come at a time when it has been under fire from regulators, lawmakers, and activists. The whistle-blower Frances Haugen has shared thousands of company documents with regulators and the Wall Street Journal. The documents detail the difficulty of moderating content on Facebook and the alleged negative mental-health effects of Instagram.
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