Meta Platforms, previously generally known as Facebook, is taking the ultimate step to shed its earlier id. Meta Platforms, Inc. (Nasdaq: FB) has introduced that its Class A standard inventory will start buying and selling on Nasdaq underneath the ticker image ‘META’ previous to market open on June 9, 2022.
This will exchange the corporate’s present ticker image ‘FB’, which has been used since its preliminary public providing in 2012. The new ticker image aligns with the corporate’s rebranding from Facebook to Meta, introduced on October 28, 2021.
Back in October 2021, CEO Mark Zuckerberg launched Meta which brings collectively varied apps and applied sciences underneath one new firm model. Meta’s focus is to carry the metaverse to life and assist individuals join, discover communities and develop companies.
According to the corporate – The metaverse will really feel like a hybrid of right this moment’s on-line social experiences, typically expanded into three dimensions or projected into the bodily world. It will allow you to share immersive experiences with different individuals even when you may’t be collectively — and do issues collectively you couldn’t do within the bodily world. It’s the subsequent evolution in a protracted line of social applied sciences, and it’s ushering in a brand new chapter for our firm.
The general Facebook firm is now known as Meta, a social know-how firm. ‘Meta’ in Greek means ‘after’ or ‘beyond’. However, the Facebook app will retain its title and there’s no change for different apps.
If you’re a META shareholder, no motion is required with respect to the ticker image change.
Meta Platforms Inc. (FB) is a $529.53 Billion market cap firm. The inventory worth of FB is round $196.29 and over the past 1-year, the value is down by over 40 per cent. Facebook together with Apple, Amazon, Netflix and Google types the formidable group of know-how corporations known as FAANG.
Source: www.financialexpress.com”