Facebook reportedly set to announce rebrand under parent company with different name

Facebook is reportedly planning a rebrand that would position its flagship social media platform as one product underneath an umbrella corporation of a different name.

Facebook is set to announce the name change during or before the company’s annual Connect conference on Oct. 28, a company insider told the Verge. It may be part of a twofold strategy to distance the broader corporation, Facebook Inc., from the controversies over misinformation plaguing the Facebook app and expand into Mark Zuckerberg’s “metaverse” concept.