Fb dad or mum corporate Meta Platforms mentioned Tuesday its inventory will start buying and selling at the Nasdaq alternate below the ticker image META on June 9, changing the FB image it went public with slightly greater than a decade in the past.
The ticker image alternate comes kind of seven months after Fb introduced its rebranding to Meta to replicate the corporate’s center of attention on construction the metaverse, a digital global the place other folks paintings, play, be told and connect to their family and friends.
On the time, Fb introduced it could get started buying and selling below the brand new inventory ticker MVRS however later mentioned it could lengthen the alternate till the primary till the primary quarter of this 12 months.
Roundhill Investments had used the META inventory image for its Roundhill Ball Metaverse ETF however relinquished it in January, permitting Meta to take over possession.
The alternate comes at a difficult time for the social networking massive. In February, the corporate reported disappointing fourth-quarter income and a drop in day by day customers, underscoring how a lot the corporate depends upon social media because it develops its metaverse ambitions.
