Social media giant Facebook is planning to rebrand itself with a new name next week.
Lawmakers from both parties have excoriated the company, illustrating the rising anger in Congress with Facebook.The rebranding would position Facebook's social media app as one of many products under a parent company, which will also oversee groups like Instagram, WhatsApp, Oculus and more, the Verge report added.
The move to rebrand will also reflect Facebook's focus on building the so-called metaverse, an online world where people can use different devices to move and communicate in a virtual environment, according to the report.
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