Social media large Fb Inc is planning to rebrand itself with a brand new identify subsequent week, American expertise weblog the Verge reported on Tuesday, citing a supply with direct information of the matter.
Fb Chief Government Officer Mark Zuckerberg plans to speak in regards to the identify change on the firm’s annual Join convention on October 28, but it surely could possibly be unveiled sooner, the Verge reported.
In response, Fb mentioned it doesn’t touch upon “hearsay or hypothesis”.
The information comes at a time when the corporate is dealing with growing authorities scrutiny in america over its enterprise practices.
It isn’t unusual in Silicon Valley for firms to vary their names as they bid to broaden their providers.
Google established Alphabet Inc as a holding firm in 2015 to broaden past its search and promoting companies, to supervise varied different ventures starting from its autonomous automobile unit and well being expertise to offering web providers in distant areas.
(Excerpts : Al Jazeera)