Facebook, one of the most popular social media platforms is planning to change its name and rebrand the company next week to reflect its focus on building the metaverse, according to "The Verge"

Facebook CEO Mark Zuckerberg plans to announce the upcoming name change at the company's annual Connect Conference on October 28th, but the new name might unveil sooner.

The Verge also reported that the new Facebook possible name could have something to do with Horizon, the unreleased name for VR version of Facebook-meets-Roblox that the company has been developing for the past years now.

The metaverse is “going to be a big focus, and I think that this is just going to be a big part of the next chapter for the way that the internet evolves after the mobile internet,” Zuckerberg told The Verge.

Metaverse will be a shared virtual world environment where people can interact and access via the internet.

The rebranding of the company would likely put the blue Facebook app as one of the many products under a parent company that will handle and oversee the other popular social media apps like Instagram, Occulus, and more.

The company also announced plans on Tuesday to create 10,000 jobs in the European Union over the next five years to help build the metaverse.

Zuckerberg has been talking up metaverse since July and the buzzy word, first coined in a dystopian novel three decades earlier, has been referenced by other tech firms such as Microsoft.

About the writer: Graduate with Diploma in Information Technology and Business Administration major in marketing & management. Former teacher for secondary and tertiary level. Former Trainer for Medicare customer support John used to write articles for Houston Real Estate investing and management.

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