Report about Facebook’s ambitions to alter its name

According to the Verge, which cited a source with intimate knowledge of the situation, Facebook Inc is going to rebrand itself with a new name next week.

Mark Zuckerberg, Facebook’s CEO, plans to discuss the name change at the company’s annual Connect conference on October 28, but it could be announced sooner.

Facebook responded by stating that it does not comment on “rumor or supposition.” The disclosure comes at a time when the company’s business operations are being scrutinized by the US authorities. Facebook has been chastised by lawmakers from both parties, illustrating Congress’s growing dissatisfaction with the firm.

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