Facebook Inc., under fire from regulators and lawmakers over its business practices, is planning to rebrand itself with a new group name that focuses on the metaverse, the Verge reported on Tuesday.
The name change will be announced next week, according to technology blog The Verge, which cited a source with direct knowledge of the matter.
Facebook CEO Mark Zuckerberg has been talking up the metaverse, a digital world where people can move between different devices and communicate in a virtual environment, since July. The group has invested heavily in virtual reality and augmented reality, developing hardware such as its Oculus VR
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