True - the exact etymology of the planet “Earth” is a tough one as it’s likely something to have developed over most of human history, Lynn Carter goes more in depth into this in her January 2003 article.
The related link over at omg-facts.com is a bit misleading:
Saturn was actually named after a Titan, the father of Jupiter, Pluto, and Neptune. He is famous for having attempted to eat all of his children. However, astronomers have identified thousands of planets outside of our own solar system, to the point where we likely have run out of good god names for them - that’s why we have planets named “2M1207 b”.
Titans were also gods, predecessors to the Roman and Greek gods we think of today, whom are collectively called the Olympians. Uranus was also a Titan.
Regarding naming conventions: it’s true that astronomers have moved to a systematic catalogue style naming convention; this is less due to running out of “good god names” but rather, to make research easier internationally and remove ambiguity.
Naming still occurs though (along side the systematic designation); Eris, discovered in 2005, is one such example; the dwarf planet also goes by “136199 Eris” and “2003 UB313”. Eris was also the Greek Goddess of Strife, we haven’t run out of god names yet!
original claim: @OMGFacts; source: Ask an Astronomer - Cornell