Facebook Ticker Symbol Update: Understanding the New Meta Stock

Facebook's ticker symbol has undergone a significant update, and it's now officially known as Meta. This change reflects the company's rebranding efforts to encompass its expanded focus on virtual reality and other technologies beyond social media.

Meta's new stock symbol is simply "META", which is a straightforward and easy-to-remember change.

The rebranding of Facebook to Meta is a nod to the company's roots as a platform for connection and community.

In November 2021, Facebook officially announced that it would be changing its corporate name to Meta Platforms, Inc.

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Facebook's stock ticker symbol is changing from FB to META. This change will take effect on June 9, 2022.

The new ticker symbol META will replace the old one, which has been used since Facebook's initial public offering in 2012.

The company's rebranding from Facebook to Meta was announced on October 28, 2021.

The change is part of Meta's shift to focus on the metaverse, a concept that brings together various apps and technologies under one new company brand.

Meta's CEO, Mark Zuckerberg, introduced the metaverse as a way to connect people, find communities, and grow businesses.

The Facebook app will retain its name, and there's no change for other apps.

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Meta Platforms had planned to change its ticker symbol to "MVRS" last December, but the switch was repeatedly delayed.

The delay was due to Roundhill Investments using the META ticker for its Roundhill Ball Metaverse ETF (NYSEARCA:METV). Roundhill recently gave up the symbol, enabling Meta Platforms to use it for its stock.

Meta Platforms' new ticker symbol is the last step the company needs to take to shed its old corporate name and identity.

The ticker symbol change date for Meta stock is June 9, 2022. On this day, the company's Class A common stock will begin trading on Nasdaq under the new ticker symbol 'META'.

The old ticker symbol 'FB' will be replaced, which has been used since Meta's initial public offering in 2012. Meta's stock will be trading under the new ticker symbol on June 9, 2022.

The new ticker symbol 'META' is in line with the company's rebranding from Facebook to Meta, announced on October 28, 2021. If you're a shareholder, no action is required with respect to the ticker symbol change.

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Meta Platforms initially planned to change its ticker symbol to "MVRS" last December, but the switch was repeatedly delayed.

The reason for the delay was that Roundhill Investments had been using the META ticker for its Roundhill Ball Metaverse ETF (NYSEARCA:METV), but Roundhill recently gave up the symbol.

The new ticker symbol "META" is the last step Meta Platforms needs to take to shed its old corporate name and identity.

Some analysts have speculated that the name change could be a catalyst for shares, which have been badly beaten down this year.

However, it doesn't look like that is happening today, and the company's shares have not seen a significant increase in value following the name change.

META stock began trading under the new ticker symbol on June 9, 2022, replacing the company's previous ticker symbol "FB", which had been used since its initial public offering in 2012.

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