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Facebook Changing Company Name?

Will Facebook name be changed? According to The Verge, the internet behemoth is set to announce a revamp that would include a name change. According to the article, the move would unite and other apps such as Instagram, WhatsApp, and Oculus under a new umbrella firm with a new name. This resembles the organization of Alphabet, Google’s parent firm. According to the article, CEO Mark Zuckerberg plans to reveal the makeover at the company’s Connect conference on Oct. 28 but could make an announcement sooner.

Facebook replied in an email to USA TODAY that it does not comment on rumors or speculation. However, the rumored makeover comes after dramatic testimony from a whistleblower earlier this month urging legislators to regulate the internet behemoth. Former project manager Frances Haugen testified before a Senate subcommittee that the social media giant prioritized money over individuals. According to the source, the redesign is intended to reflect the company’s drive into the metaverse, a new way to connect people online via augmented and virtual reality.

Sen. Richard Blumenthal, D-Conn., addressed a letter to Zuckerberg on Wednesday, requesting that he or Instagram CEO Adam Mosseri speak about the platform’s harm to children, citing Haugen’s testimony and her leaked Facebook internal documents. “I am disappointed that has been unwilling to be fully transparent with me, other members of Congress, and the public, and appears to have concealed vital information from us about teen mental health and addiction,” Blumenthal wrote.

According to Blumenthal, Facebook appears to have withheld crucial information regarding teen mental health and addiction from us. In an August letter, I requested specific information about Instagram and teenagers, and supplied evasive and deceptive responses, which Ms. Haugen has now directly refuted. Blumenthal’s letter has been received, according to a spokeswoman. Following protests from parents, advocacy groups, and lawmakers, including Blumenthal, Mosseri announced last month that Instagram was “pausing” an Instagram for kids app. In addition, Pratiti Raychoudhury, Facebook vice president and head of research, refuted assertions that Instagram is “toxic” to children.

According to the findings, many of the youth we spoke with believe that using Instagram helps them cope with the problematic situations and difficulties that teenagers have always experienced. In addition, Facebook announced earlier this week that it would hire 10,000 workers in the European Union over the next five years to help construct the metaverse platform, which proponents hope could someday replace the internet.

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