The company of the most popular social network Facebook is now going to change its name. International media have reported that they are preparing to rename the company next week. Facebook chief executive Mark Zuckerberg has said he will speak at the annual conference on October 28, but information has already been leaked. But the information was made public before he made the official announcement.
Earlier, Facebook came under pressure after a former Facebook employee made a controversial revelation about the company. She said the company put its profits ahead of individual interests. Due to this, she said, it would have a bad effect on teenagers. She also shared some secret Facebook documents.
Facebook, which has been criticized by observers and lawmakers around the world for its inappropriate business practices, is said to be doing so in the coming days to focus on metaverse. Technical companies have been changing their names in this way to expand their services.
Similarly, after Facebook, WhatsApp and Instagram did not run for five hours this month, it also raised questions about the company’s security and services. This had a serious impact on Facebook’s stock.