Meta Set to Cut Ties to Facebook Ticker, as Zuckerberg Goes Full Tilt Into Metaverse
2022.06.07 17:02
Meta Set to Cut Ties to Facebook Ticker, as Zuckerberg Goes Full Tilt Into Metaverse
Say goodbye to the stock ticker ‘FB’, as Meta (formerly Facebook) (NASDAQ:FB) moves later this week to align its ticker with its new corporate name.
Starting on Thursday, June 9, 2022, the company announced its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’. The company originally announced its rebranding from Facebook to Meta in October of 2021. FB has been the ticker used by the company since its IPO in 2012.
The ticker and name change also coincide with another big change announced last week, with COO Sheryl Sandberg stepping down after 14 years with the company.
Global Equities Research analyst Trip Chowdhry called the Sandberg news the “end of adult supervision” and said shares are an “aggressive buy” as a result. He said with the move CEO Mark Zuckerberg is “energized to take META into the next phase of exponential growth,” through extensive innovation in the metaverse, its message-first platform, artificial intelligence and machine learning, and ad tech.
