When the company formerly known as Facebook announced its plan to rebrand last October, it also announced a new stock ticker. At the time, execs said that after ten years as FB, its NASDAQ listing would transition to MVRS for the metaverse. However, after the investment fund listed under META vacated the symbol in January, Meta Platforms quickly confirmed that it would use META instead, while at the same time announcing its first drop in daily active users, ever. Now it has filed paperwork saying the shift will become official before the market opens on June 9th (via CNBC).
Right now, people still think of Meta as the home of Facebook, WhatsApp, and Instagram, but the plan is to make it into much more than those social media mainstays....
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.