Why is Facebook Rebranding?
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.