Facebook, Under Fire, Planning to Rebrand Itself With a New Name

Facebook, under fire from regulators and lawmakers over its business practices, is planning to rebrand itself with a new name that focuses on the metaverse, the Verge reported. The name change will be announced next week, The Verge reported, citing a source with direct knowledge of the matter.  The move would likely position the flagship app as one of many products under a parent company overseeing brands such as Instagram and WhatsApp, according to the report. Google adopted such a structure when it reorganized into a holding company called Alphabet in 2015. Facebook said it does not comment on…