Facebook’s parent company to change stock ticker to META on June 9

SAN FRANCISCO: Meta has announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to market open on June 9, 2022.

The company said this is will replace the company’s current ticker symbol ‘FB’, which has been used since its initial public offering in 2012.

“The new ticker symbol aligns with the company’s rebranding from Facebook to Meta, announced on October 28, 2021,” the company said in a blogpost.

“No action by the company’s shareholders is required with respect to the ticker symbol change. The company’s Class A common stock will continue to be listed on NASDAQ and its CUSIP number will remain unchanged,” it added.

Reports say that the rebrand, from Facebook to Meta, is part of CEO Mark Zuckerberg‘s efforts to shift gears away from Facebook being known as just a social media company into plans for building the metaverse.

At the time, Meta said it would change its stock ticker to “MVRS,” effective December 1. In late November, the company said it was delaying the change to the first quarter of 2022.

“Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we will play and connect in 3D. Welcome to the next chapter of social connection,” the company earlier wrote on Twitter.

FacebookTwitterLinkedin


For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechNewsBoy.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.