Wanting to be viewed as an "metaverse company," Facebook is expected to announce a new name this week, rebranding itself with a diverse portfolio that includes the social media giant, Instagram, Oculus, augmented reality, self-driving vehicles, and others. But Leo says that it may also be to distance itself from the negative image brought about by numerous scandals that have hit the social media giant of late. Critics have stated that Facebook prizes profit over people, and have turned a blind eye to questionable content posted in their feeds.
Leo says that while Facebook can change the name of its parent company, most will likely still refer to it as Facebook. So how effective the name change will be, only time will tell.