Saturday, May 31, 2025

Latest

‘It’s So Meta’: Meta Platforms Looks To Complete Rebrand With Ticker Symbol Change

Seven months since it launched its rebrand to Meta Platforms (Nasdaq: FB), the company is now looking to wrap it up with a ticker symbol change. The social media giant announced on Tuesday that it will trade on the Nasdaq under its new symbol “META” starting June 9, 2022.

The controversial name change announced in October 2021 was the company’s thrust towards the metaverse space. “From now on, we’re going to be metaverse-first, not Facebook-first,” CEO Mark Zuckerberg said.

But the rebrand has faced a lot of criticism as the company was embroiled back then in numerous issues tied to Facebook’s identity, including a then-investigation led by the US Congress itself. The change also faced a number of patent infringement issues, including with a company already named Meta and a Chinese firm applying for a trademark for the same name.

The social media firm, however, is still being hounded by issues, most recently with the expose called Facebook Papers by whistleblower Frances Haugen who claimed that the company prioritized user engagement over public health effects.

In April 2022, a The Washington Post piece revealed that the company bankrolled a “bare-knuckle” campaign that communicates TikTok as the “real threat” to young teens.

The new symbol will replace the current “FB” ticker which the company has used since its initial public offering in 2012. The firm also advised that no action is required from its stockholders.

Meta Platforms last traded at US$193.64 on the Nasdaq.


Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Storycraft: The Art of Association In Capital Markets

An equities market, well over-inflated by fake money and fully detached from the economy that...

Sunday, August 23, 2020, 09:00:00 AM

Facebook Purchases Popular Meme Platform GIPHY for $400 Million

Say goodbye to internet humour as we know it! On Friday, Facebook Inc (NASDAQ: FB)...

Monday, May 18, 2020, 09:13:00 AM

Facebook: BMO Raises Price Target To $425

On July 28, Facebook (NASDAQ: FB) reported their second quarter earnings, continuing the trend of...

Sunday, August 1, 2021, 02:08:00 PM

Pull That Threads: Is There Censorship Already At Meta’s “Twitter Killer”?

Meta Platforms (NASDAQ: META) chief Mark Zuckerberg has promised users that his new platform, “Threads,”...

Friday, July 7, 2023, 10:11:00 AM

Donald Trump’s Facebook and Instagram Suspension Will Soon Be Lifted, But With ‘New Guardrails’

Meta Platforms, Inc (Nasdaq: META) will be ending former President Donald Trump’s Facebook and Instagram...

Thursday, January 26, 2023, 09:37:00 AM