Facebook new update with new name.

 Social networking site Facebook is planning to change the name of the company next week.  American tech blog The Verge has given this information in its report quoting a source.  The potential change in Facebook's name reflects the company's plans to create a metaverse.  The famous technology company aims to make the company more recognized by social media and plug its loopholes.  According to the report of The Verge, through the rebranding of Facebook, various social media apps like platforms like Facebook, Instagram and WhatsApp can be brought under one umbrella.

 A Facebook spokesperson declined to comment on the report.

Do you know, you can change the name of Facebook .

Facebook name change

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 According to the report, the rebrand will position the Facebook app as one of several products under the company that is overseen by the group like Instagram, WhatsApp, Oculus and others.

 Facebook first announced its plans last month to create the metaverse, a term used to describe virtual interactive spaces in the digital world.

 Facebook earlier this month announced the hiring of 10,000 people to help the social network build a new phase of interconnected virtual experiences using technologies such as virtual and augmented reality (VR/AR).

 According to the company, the next computing platform has the potential to help unlock access to new creative, social and economic opportunities.

 "We are announcing plans to create 10,000 new high-skilled jobs within the European Union (EU) over the next 5 years," said Nick Clegg, Facebook's VP Global Affairs.

 "Beyond emerging technological talent, the EU also has an important role to play in shaping the new rules for the Internet," he added.

 Facebook announced in September that it would invest ₹50 million to partner with the organization to build the metaverse responsibly.

 'Metaverse' is a set of virtual spaces where one can create and explore with other people who are not in the same physical space.

 In 2004 Zuckerberg stated that the key to Facebook's future lay with the Metaverse concept that users would work and exercise inside a virtual universe.

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