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Facebook 'planning company rebrand' to reflect future plans

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Facebook is planning to rebrand the company with a new name to reflect its next venture, the metaverse, it has been reported.

Earlier this year, the the social network's founder Mark Zuckerberg said it would transition from a social media company to “being a metaverse company” over the next several years.

But what is the metaverse? READ MORE: Health Secretary to give important coronavirus update at Downing Street press conference tonight In essence, the metaverse is the internet in 3D - an online world where people can meet, play and work virtually, often using virtual reality headsets.

Speaking in July, Zuckerberg described it as a place where rather than just viewing content “you are in it”, and as an early example has used the idea of

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