{"id":95897,"date":"2021-10-20T09:44:47","date_gmt":"2021-10-20T08:44:47","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=95897"},"modified":"2021-10-20T09:44:47","modified_gmt":"2021-10-20T08:44:47","slug":"facebook-planning-to-change-its-name-next-week-gives-reasons","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/10\/20\/facebook-planning-to-change-its-name-next-week-gives-reasons\/","title":{"rendered":"Facebook planning to change its name next week, gives reasons"},"content":{"rendered":"<p>In a bid to distance itself from a series of embarrassing scandals, Social media giants, Facebook will rebrand itself with a new name next week.<\/p>\n<p>The parent company, <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/06\/08\/buhari-wanted-to-ban-twitter-and-facebook-at-once-u-s-media\/\">Facebook<\/a> Inc., which also owns Instagram and WhatsApp, will be rebranded but the firm&#8217;s original social media site, Facebook, will likely keep its moniker.<\/p>\n<p>Chief Executive Officer Mark Zuckerberg plans to reveal the parent company&#8217;s new name at its annual Connect conference on October 28, but it could be unveiled sooner, the Verge reported.<\/p>\n<p>The change is expected to position Facebook&#8217;s social media app as one of many products under a parent company, which will oversee products like Instagram, WhatsApp, Oculus and more.<\/p>\n<p>It will also help distance the firm&#8217;s flagship social media brand from future bad publicity, with recent whistleblower testimony from former worker Frances Haugen managing to contaminate the reputations of Facebook and Instagram.<\/p>\n<p>The move could also benefit the company&#8217;s reputation which has suffered hit after hit in recent years.<\/p>\n<p>It was accused of facilitating the spread of misinformation during the 2016 US presidential election, prompting a a series of congressional hearings and policy changes, including the introduction of third-party fact-checkers and further transparency in political advertising.<\/p>\n<p>In 2019, the Federal Trade Commission fined Facebook $5 billion for allowing 87 million US profiles to be harvested for information used for political advertising by British firm Cambridge Analytica.<\/p>\n<p>Some of the advertising was used to help the 2016 campaign of former president Donald Trump.<\/p>\n<p>Most recently, former Facebook employee Frances Haugen released a trove of documents dubbed the &#8216;Facebook Files&#8217; to the Wall Street Journal.<\/p>\n<p>The internal research suggests that Facebook promoted divisiveness as a way to keep people on the site. It also showed that the company knew Instagram harmed young girls&#8217; body image and even tried to brainstorm ways to appeal to toddlers by &#8216;exploring playdates as a growth lever.&#8217;<\/p>\n<p>Haugen, who anonymously filed eight complaints about her former employer with the US Securities and Exchange Commission, told 60 Minutes earlier this month: &#8216;Facebook, over and over again, has shown it chooses profit over safety.&#8217;<\/p>\n<p>She claimed that a 2018 change prioritizing divisive posts, which made Facebook users argue, was found to boost user engagement.<\/p>\n<p>That in turn helped bosses sell more online ads that have seen the social media giant&#8217;s value pass $1 trillion.<\/p>\n<p>&#8216;You are forcing us to take positions that we don&#8217;t like, that we know are bad for society. We know if we don&#8217;t take those positions, we won&#8217;t win in the marketplace of social media,&#8217; Haugen said.<\/p>\n<p>She also blamed Facebook for spurring the January 6 Capitol riot.<\/p>\n<p>Haugen, who spent two years at Facebook after working at Google, Yelp and Pinterest, testified in Congress on October 5.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a bid to distance itself from a series of embarrassing scandals, Social media giants, Facebook will rebrand itself with a new name next week. The parent company, Facebook Inc., which also owns Instagram and WhatsApp, will be rebranded but the firm&#8217;s original social media site, Facebook, will likely keep its moniker. Chief Executive Officer [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":95900,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[39],"tags":[20344,15120,3021,19141],"class_list":["post-95897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-scandal","tag-change","tag-facebook","tag-name"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Facebook planning to change its name next week, gives reasons<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/10\/20\/facebook-planning-to-change-its-name-next-week-gives-reasons\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facebook planning to change its name next week, gives reasons\" \/>\n<meta property=\"og:description\" content=\"In a bid to distance itself from a series of embarrassing scandals, Social media giants, Facebook will rebrand itself with a new name next week. 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