‘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

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Meta Platforms: Canaccord Anticipates Headwinds To Persist, Cuts Target To $200

On October 26th, Meta Platforms Inc (Nasdaq: META) reported its third-quarter financial results. The company...

Thursday, November 3, 2022, 12:52:00 PM

Is There A Coordinated Effort on Meta’s Threads To Discredit Apple Amid Privacy Shift?

The social media platform Threads, owned by Meta Platforms (NASDAQ: META), has witnessed a surge...

Wednesday, January 3, 2024, 04:17:00 PM

Zuckerberg Boasts Threads Had 5 Million Downloads In The First 4 Hours… We’re One Of Them And Here’s What We Think

In a bid to attract users dissatisfied with recent changes made by owner Elon Musk,...

Thursday, July 6, 2023, 10:14:22 AM

Newsflash, Boomers: Teens Prefer YouTube, TikTok Over Facebook

A new survey verifies what many already suspect: American kids don’t like Facebook all that...

Monday, August 15, 2022, 11:42:00 AM

Facebook: Q3 Earnings Preview

Facebook (NASDAQ: FB) will be reporting its third quarter financial results today after the markets...

Monday, October 25, 2021, 02:33:00 PM