According to a report from The Verge, Facebook plans to rebrand the company and change its name to focus on building the metaverse.
CEO Mark Zuckerberg will unveil the company's new name at the annual Connect conference on October 28th.
Also on Sunday, Facebook announced that it plans to hire an entire city of programmers - 10,000 jobs in Europe over the next five years - to build the metaverse that the company sees as a key component of its future.
Earlier, the corporation of evil announced that it would allocate $ 50 million for the development
Facebook hopes that in the virtual metaverse, users will live, work, play, study, shop, create and more using AR and VR devices. 😓