According to a media report, the world's largest social network Facebook wants to rename itself.
Company boss Mark Zuckerberg plans to unveil the new brand name at the annual Connect conference on October 28, wrote the US technology portal and media network The Verge, citing a person familiar with the matter.
The change means that Facebook will be positioned under a parent company alongside its services Instagram, WhatsApp, Oculus and other platforms, it said.
When asked by the Reuters news agency, Facebook said the company would not comment on rumors and speculation.
According to the report, the aim is for the future name to reflect the company's focus on the so-called “metaverse”.
From Zuckerberg's point of view, this will be the "successor to the mobile Internet".
It's a kind of walkable or physical internet.
People would become part of the metaverse instead of just looking at content as before.
Interactions between people should feel more like they do in the analog world.
At the beginning of the week, Facebook announced that it wanted to create 10,000 jobs in the EU over the next five years.
The new employees should mainly take care of the construction of the metaverse.
"Facebook is not above the law"
Meanwhile, the company has to pay a fine totaling 14.25 million dollars (12.25 million euros) for allegedly discriminating against Americans in the assignment of jobs.
Facebook preferred foreigners to US workers when filling positions, the US Department of Justice said in Washington on Tuesday.
Allegedly, Facebook is said to have primarily considered foreigners for certain lucrative jobs and obtained visas and green cards for them instead of looking around the US job market.
"Facebook is not above the law," said a Justice Department representative.
The group must adhere to the regulations.
A statement from Facebook was not initially available.