Thursday 9th June 2022, Mark Zuckerberg and CEO of Facebook announced META as the company’s new stock symbol (Ticker)
The old ticker ‘FB’ has been in use since the company’s initial public offering in 2012, Tech Economy reports.
Stock Symbol (Ticker), is a unique series of letters assigned to a security for trading purposes. Stocks listed on the New York Stock Exchange (NYSE) can have four or fewer letters.
Meta Platforms Inc. said on Thursday its Class A common stock will begin trading on the Nasdaq under the ticker symbol ‘META’ replacing its previous ticker symbol ‘FB’.
The old ticker ‘FB’ has been in use since the company’s initial public offering in 2012.
On his Facebook Page, Zuckerberg said “We trade under $META starting today.”
Recall that Meta said it would change its stock ticker to “MVRS,” effective Dec. 1. In late November, the company said it was delaying the change to the first quarter of 2022.
The company changed its name from Facebook Inc to Meta Platform Inc in October last year in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the successor to the mobile internet.
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