Facebook is planning to change its company name this week, possibly by the end of today. The rebrand will reflect the company's focus on building the metaverse and will likely position Facebook and its current apps under a parent company. Facebook recently set up a dedicated metaverse team and plans to hire 10,000 more employees to work on the metaverse in Europe. The new company name is a closely guarded secret and not widely known even among the company's senior leadership but it is expected that CEO Mark Zuckerberg plans to talk about it at the company’s annual Connect conference which takes place later today. Other tech companies, such as Google and Snapchat, have also changed names as their ambitions expanded.
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