Business

What should Facebook’s new name be? Twitter users have some ideas

What’s in a reputation? An endlessly amusing on-line parlor sport.

Fb Inc.
FB,
+0.28%

is reportedly rebranding its umbrella of companies, together with its namesake social community, Instagram, WhatsApp and Oculus, beneath a brand new identify that focuses much less on Fb, the Verge reported on Tuesday. The identify change is anticipated to be revealed at Fb’s annual Join convention on Oct. 28, if not sooner, to align its manufacturers extra towards the “metaverse” that CEO Mark Zuckerberg is constructing. 

It seems to be a transfer much like what Google did in renaming its mum or dad firm Alphabet Inc.
GOOGL,
-0.85%

in 2005, which now contains the signature search engine in addition to manufacturers akin to YouTube, Fitbit and Waze. 

Fb’s present identify has famously developed from “Facemash,” a 2003 “Scorching or Not”-style web site that permit customers examine photographs of Zuckerberg’s fellow Harvard college students, and vote on which of them they felt had been most tasty. (Harvard soon shut it down for breaching safety and violating copyrights and particular person privateness, though these fees had been later dropped.) The Fb that many individuals know and love (and possibly detest) right this moment finally grew out of “TheFacebook” created in 2004 as a social community solely for Harvard college students.

And folks on competing social media web site Twitter
TWTR,
-0.47%

had been fast to recommend many attainable new names for Zuckerberg’s enterprise, which has endured a spate of unhealthy press in current weeks following reviews that Instagram is toxic for teen users, in addition to whistleblower Frances Haugen not too long ago testifying earlier than the Senate that Fb knowingly “amplifies division, extremism and polarization” and places “profits before people.”

The proposed names aren’t fairly, and it’s secure to say they most likely wouldn’t make it on Zuckerberg’s shortlist. They embody “Fakebook,” “Bookface” and “Faceplant,” which had been all trending on Twitter on Wednesday morning. 

Many critics advised that Fb is rebranding with a purpose to save face following its current scandals. 

After which there have been the memes.

The identify sport is taking part in out simply days after Fb introduced that it’s creating 10,000 new jobs within the European Union over the following 5 years because it continues constructing out its “metaverse” platform, which the corporate described in a weblog put up as “a new phase of interconnected virtual experiences utilizing applied sciences like digital and augmented actuality.”

The corporate additionally anticipated to announce its third-quarter earnings Oct. 25. Fb
FB,
+0.28%

shares are up about 25% yr thus far, in comparison with the S&P 500’s
SPX,
+0.35%

20% achieve.

https://www.marketwatch.com/story/what-should-facebooks-new-name-be-twitter-users-have-some-ideas-11634742714?rss=1&siteid=rss | What ought to Fb’s new identify be? Twitter customers have some concepts

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