Facebook to reportedly change its name, create a parent company like Google

• Facebook to rebrand itself as soon as next week, The Verge reported

• The social media could create a parent company that would overlook Facebook, Instagram, Whatsapp, and Oculus

• Facebook has been working for months to create a metaverse named Horizon

Facebook Inc is planning to rebrand itself by changing the company name as soon as next week, reflecting the social media giant’s focus on building a metaverse, The Verge reported on Wednesday, citing a source with direct knowledge of the matter.