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Facebook’s parent company to change stock ticker symbol from FB to META on June 9

Meta urged to update rules after fake Biden post
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Meta has announced that its Class A common stock will begin trading on NASDAQ on June 9, 2022, under the ticker symbol ‘META.’

The company stated that this will replace the current ticker symbol ‘FB,’ which has been used since the company’s initial public offering in 2012.

“The new ticker symbol aligns with the company’s rebranding from Facebook to Meta, announced on October 28, 2021,” the company said in a blogpost.

“No action by the company’s shareholders is required with respect to the ticker symbol change. The company’s Class A common stock will continue to be listed on NASDAQ and its CUSIP number will remain unchanged,” it added.

According to reports, the rebranding from Facebook to Meta is part of CEO Mark Zuckerberg’s efforts to shift Facebook’s focus away from being known solely as a social media company and toward plans for building the metaverse.

Meta announced at the time that its stock ticker would be changed to “MVRS” on December 1. The company announced in late November that the change would be delayed until the first quarter of 2022.

“Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we will play and connect in 3D. Welcome to the next chapter of social connection,” the company earlier wrote on Twitter.

About the author

Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala.







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