Facebook, which changed the name of the roof company to Meta, announced an important decision. According to the statements made, the company will no longer use the FB abbreviation on the NASDAQ stock market. On June 9, this name will change to ‘META’.
The umbrella company of social networks such as WhatsApp and Instagram Facebookhas changed its name with a decision taken in the past. The new name of the company Meta it happened. This was a decision taken for the umbrella company rather than the social media application called Facebook. Authorities announced that they would invest in metaverse technologies in line with this decision. Now, there has been an important development regarding Meta.
Meta has been on the NASDAQ stock market for over 10 years. FB was listed by name. However, this will change very soon. According to the official statements, investors who want to buy FB shares, as of June 9, this name. they will not find. Listing name of the company on the stock exchange “META” will be.
Nothing but a name change for the investor
Name change on NASDAQ stock market won’t change anything. Lot prices will continue to be at their current value. As of June 9, the investor who wants to buy or sell Will use META code instead of FB.
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Facebook has already addressed this issue during its rebranding process. In the first statements made, the name of the company on the NASDAQ stock exchange was “MVRSIn fact, this change would be effective as of January 1, 2022. However, this decision was abandoned in the following process. With an announcement, the change was made in the first quarter of 2022. I was told it was delayed. Now it seems that the final decision on the matter has been made.
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Source :
https://www.theverge.com/2022/5/31/23149470/meta-new-stock-ticker-fb-facebook-instagram-metaverse