Report: Facebook to rebrand company with new name

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Facebook is planning a name change, a source familiar with the matter told The Verge.

Such a change would reflect the social media company's focus on building the metaverse, an online world where people can game, work and communicate in a virtual environment.

The report indicates a change would reflect the parent company's name, with the Facebook app maintaining its branding along with Instagram, WhatsApp, Oculus and other business units.

Read more from The Verge.