Black Friday Sale! Save huge on InvestingProGet up to 60% off

Meta Set to Cut Ties to Facebook Ticker, as Zuckerberg Goes Full Tilt Into Metaverse

Published 06/07/2022, 05:32 AM
Updated 06/07/2022, 09:47 AM
© Reuters Meta Set to Cut Ties to Facebook Ticker, as Zuckerberg Goes Full Tilt Into Metaverse
META
-

Say goodbye to the stock ticker 'FB', as Meta (formerly Facebook) (NASDAQ:FB) moves later this week to align its ticker with its new corporate name.

Starting on Thursday, June 9, 2022, the company announced its Class A common stock will begin trading on NASDAQ under the ticker symbol 'META'. The company originally announced its rebranding from Facebook to Meta in October of 2021. FB has been the ticker used by the company since its IPO in 2012.

The ticker and name change also coincide with another big change announced last week, with COO Sheryl Sandberg stepping down after 14 years with the company.

Global Equities Research analyst Trip Chowdhry called the Sandberg news the "end of adult supervision" and said shares are an "aggressive buy" as a result. He said with the move CEO Mark Zuckerberg is "energized to take META into the next phase of exponential growth," through extensive innovation in the metaverse, its message-first platform, artificial intelligence and machine learning, and ad tech.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.