The new name will be announced next week.
Facebook is planning to rebrand the company nameto mainly focus on Metaverse.
The CEO Mark Zuckerberg will announce a new name onOctober 28 at the companys annual Connect conference.
However, Facebook is still under antitrust scrutiny by the US government.
A spokesperson from Facebook said,
We dont comment on rumor or speculation.
Facebook is not the first tech company to change its name.
In 2015, Google has done the same thing when it reorganized into a holding company called Alphabet.
