Neon Nettle –
Big Tech giant Facebook is planning to change its name from next week in an apparent effort to shake off multiple mounting scandals, according to reports.
The Silicon Valley company’s original social media site – Facebook – will likely keep its moniker.
However, Facebook Inc., the parent company which also owns Whatsapp and Instagram, will rebrand.
Facebook CEO Mark Zuckerberg plans to reveal his company’s new name at its annual Connect conference on October 28, but it could be unveiled sooner, the Verge reported.
The change would likely position Facebook’s social media platform as one of many products under a parent company.
It will also help distance the firm’s flagship social media brand from future bad publicity, with recent testimony from former employee Frances Haugen managing to contaminate the reputations of Facebook and Instagram. more