Facebook has been mocked after a report said it is planning to rebrand its parent company with a new name next week in a bid to distance itself from a series of embarrassing scandals.
Chief Executive Officer Mark Zuckerberg plans to reveal the parent company’s new name at its annual Connect conference on October 28, but it could be unveiled sooner, the Verge reported.
The firm’s original, flagship social media site and app – Facebook – is expected to keep its moniker, but Facebook Inc., the parent company which also owns Instagram and WhatsApp, will be given a rebrand.
