Facebook Changes its name in a dramatic rebranding
As it expands its influence beyond social media into areas such as virtual reality, the firm claims it will better “encompass” what it does (VR).
The shift solely affects the parent business, not the individual platforms, such as Facebook, Instagram, and Whatsapp.
Following a succession of unfavorable headlines about Facebook based on papers obtained by an ex-employee, the company has taken this step.
Frances Haugen has charged the firm of prioritizing “earnings over safety.”
Google restructured its corporation in 2015, renaming its parent company Alphabet, but the name has yet to catch on.