Facebook is planning to change its company name next week to reflect its focus on building the metaverse. CEO Mark Zuckerberg could well reveal more details at the company’s annual Connect conference on October 28th, signalling the tech giant’s ambition to be known for more than social media. The rebranding would likely position the blue Facebook app as one of many products under a parent company overseeing groups like Instagram, WhatsApp, Oculus, and more.
This comes in line with Zuckerberg’s statement that they were looking to transition from primarily being a social media company to being a metaverse company.
According to The Verge, a possible name could have something to do with Horizon, the name of the still-unreleased VR version of Facebook-meets-Roblox that the company has been developing for the past few years. The name of that app was recently tweaked to Horizon Worlds shortly after Facebook demoed a version for workplace collaboration called Horizon Workrooms.
Aside from Zuckerberg’s comments, Facebook has been steadily laying the groundwork for a greater focus on the next generation of technology. This past summer it set up a dedicated metaverse team. More recently, it announced that the head of AR and VR, Andrew Bosworth, will be promoted to chief technology officer. And just a couple of days ago Facebook announced plans to hire 10,000 more employees to work on the metaverse in Europe.