Facebook will change its name due to the metaverse

Facebook plans to change its name to reflect the construction of the metaverse. This will happen next week, according to The Verge.

Facebook plans to change its company name next week to reflect its focus on building the metaverse, it said.

The name change is due to be announced by the founder of the network, Mark Zuckerberg, at the annual conference on October 28. What the new name will be is not specified.

The American company Facebook intends to create about 10 thousand jobs as part of a project to develop the metaverse. The company is currently working on a new computing platform using virtual and augmented reality.