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Facebook Planning To Change Its Name Next Week To Shake Off A number of Scandals

Social media platform, Facebook has disclosed that it’ll rebrand with a brand new identify to distance itself from a series of controversial scandals.

The agency’s unique social media web site, Facebook, will doubtless preserve its moniker, however Facebook Inc., the parent firm which additionally owns Instagram and WhatsApp, will rebrand.

Chief Government Officer Mark Zuckerberg plans to disclose the parent firm’s new name at its annual Join convention on October 28, however it could possibly be unveiled sooner, the Verge reported.

The change is predicted to place Facebook’s social media app as one in every of many products beneath a parent firm, which is able to oversee merchandise like Instagram, WhatsApp, Oculus and extra.

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It should additionally assist distance the agency’s flagship social media model from future unhealthy publicity, with current whistleblower testimony from former employee Frances Haugen managing to infect the reputations of Fb and Instagram.

The transfer might additionally profit the corporate’s popularity which has suffered hit after hit lately.

It was accused of facilitating the unfold of misinformation throughout the 2016 US presidential election, prompting a a sequence of congressional hearings and coverage adjustments, together with the introduction of third-party fact-checkers and additional transparency in political promoting.

In 2019, the Federal Commerce Fee fined Fb $5 billion for permitting 87 million US profiles to be harvested for data used for political promoting by British agency Cambridge Analytica.

A number of the promoting was used to assist the 2016 marketing campaign of former president Donald Trump.

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Most not too long ago, former Fb worker Frances Haugen launched a trove of paperwork dubbed the ‘Fb Recordsdata’ to the Wall Road Journal.

The interior analysis means that Fb promoted divisiveness as a solution to preserve individuals on the location. It additionally confirmed that the corporate knew Instagram harmed younger ladies’ physique picture and even tried to brainstorm methods to enchantment to toddlers by ‘exploring playdates as a development lever.’

Haugen, who anonymously filed eight complaints about her former employer with the US Securities and Alternate Fee, advised 60 Minutes earlier this month: ‘Fb, time and again, has proven it chooses revenue over security.’

She claimed {that a} 2018 change prioritizing divisive posts, which made Fb customers argue, was discovered to spice up person engagement.

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The agency’s unique social media web site, Fb , will doubtless preserve its moniker, however Fb Inc., the guardian firm which additionally owns Instagram and WhatsApp, will rebrand.

‘You might be forcing us to take positions that we do not like, that we all know are unhealthy for society. We all know if we do not take these positions, we can’t win within the market of social media,’ Haugen mentioned.

She additionally blamed Fb for spurring the January 6 Capitol riot.

Haugen, who spent two years at Fb after working at Google, Yelp and Pinterest, testified in Congress on October 5.