- According to the Verge, social media gaint Facebook plans to rebrand itself with a new name to reflect its future
- With roughly 2.89 billion monthly active users as of the second quarter of 2021, Facebook is the biggest social network worldwide
- Statistic data shows by 2026, the number of Facebook users in Nigeria is expected to reach 69.4 million, up from 23.88 million in 2020
A verge report has revealed that Facebook CEO Mark Zuckerberg will be discussing a name change during the company's annual Connect conference on Oct. 28.
The name change the reported noted might even happen sonner as the company plans to expand its services beyond social media.
In response, Facebook said it does not comment on "rumor or speculation." when contacted by Reuters.
The Verge report added that the renaming would position Facebook's social network app as one of many products under a parent corporation that will also manage groups like Instagram, WhatsApp, Oculus, and others.
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Facebook planning for the future
Verge report added that the rebranding would also reflect Facebook's aim on developing the so-called metaverse, an online world where users can utilize various gadgets to travel and interact in a virtual environment.
Since July, Zuckerberg has been promoting the term "metaverse," which was conceived in a dystopian novel three decades ago and has been used by other internet companies such as Microsoft.
According to the Verge, a possible name for the firm might be anything related to Horizon. Facebook just changed its in-development VR game platform, previously known as 'Horizon,' to 'Horizon Worlds.'
Google also changed its name
This is not the first time a large tech company has changed its name in order to extend its offerings.
In addition to its search and advertising businesses, Google created Alphabet Inc in 2015 as a holding company to manage a variety of other efforts, including its driverless car unit and health technology, as well as offering internet services to remote locations.
Elon Musk reportedly moves to charge Twitter users per tweet to generate revenue few days after takeover
Nigerian Lady Shoots Her Shot at Man on Facebook and Marries Him, Screenshots of Their Chats Cause Stir
Meanwhile, Nigerians were taken aback after a Nigerian lady married a man she met on the social networking site Facebook.
What eventually became a marriage began with the lady wishing him best wishes on the platform on the occasion of his birthday.
Mixed reactions have trailed viral screenshots of their Facebook conversations as many Nigerians remarked on the growing trend of ladies shooting their shots.