Phoenix Network Technology News Beijing June 1st news, Facebook parent company Meta announced on Tuesday that it will change the ticker symbol to “META” before the stock market opens on June 9, replacing the current “FB”.
Meta said the company’s shareholders do not need to take any action on the ticker change.Facebook has used the “FB” ticker symbol since its initial public offering (IPO) in 2012.
In October, Facebook changed its name to Meta, saying it was part of an ambition to expand beyond social media. Meta CEO Mark Zuckerberg is particularly interested in building the metaverse. The metaverse is a sci-fi term that refers to working and playing games in a virtual world.
At the time, Meta said it would change the ticker symbol to “MVRS” from December 1. But in late November, Meta announced that it was delaying the adjustment until the first quarter of 2022. Investment firm Roundhill Investments has since announced that it will drop the “META” symbol in its Roundhill Ball Metaverse ETF, apparently ceding to Meta.
.
[related_posts_by_tax taxonomies=”post_tag”]
The post The “FB” ticker becomes history and will officially become META on June 9 appeared first on Gamingsym.