FAANG no more - Facebook finally shifting to META on NASDAQ

Posted:
in General Discussion
The days of "FAANG" stocks will be over in June when Meta officially changes its ticker symbol to "META," months after the company changed its name from Facebook.

Mark Zuckerberg
Mark Zuckerberg


Meta announced on Tuesday that it would switch over to the new ticker symbol prior to market open on June 9, CNBC has reported.

The company rebranded itself as Meta back in October 2021, explaining that the new name reflected its ambitions in the metaverse and that it wanted to expand its business model past traditional social media.

Originally, Meta was to change its ticker symbol to "MVRS" on Dec. 1. However, in November, it delayed the changeover until 2022. The company that was already using the META ticker, Roundhill Investments, relinquished it and freed the symbol up for Meta to use.

The social media giant says that stockholders won't need to take any action when the ticker change occurs.

Meta has been making increasing pushes into the metaverse in recent years, building on a foundation of its social media platforms and virtual reality technology. However, the rebranding also came in the middle of a firestorm of controversy.

Just a few days before the social media giant announced its rebranding, multiple whistleblowers came forward to say that Facebook had allowed hate, racism, misinformation, and illegal activity to run rampant on the platform.

On Oct. 28 -- the same day that Facebook changed its name -- the U.S. government said it was investigating the company and told staffers to preserve all communications.

Read on AppleInsider

Comments

  • Reply 1 of 11
    typ993typ993 Posts: 5member
    Instead, it will be MAANG. Perhaps more appropriately named these days.  B)
    watto_cobra
  • Reply 2 of 11
    Well  since Netflix is out anyway because of its stock price crash I guess time to resurrect MAGA. 😀
    spock1234watto_cobra
  • Reply 3 of 11
    DAalsethDAalseth Posts: 2,856member
    Well  since Netflix is out anyway because of its stock price crash I guess time to resurrect MAGA. 😀
    OMG no…

    🤣
    blastdoorspock1234watto_cobra
  • Reply 4 of 11
    KuyangkohKuyangkoh Posts: 838member
    DAalseth said:
    Well  since Netflix is out anyway because of its stock price crash I guess time to resurrect MAGA. 😀
    OMG no…

    🤣
    All are fallings like fireflies 😂
    spock1234watto_cobra
  • Reply 5 of 11
    tommikeletommikele Posts: 599member
    It’s still Zuckerberg and still Facebook.

    Only Zuckerberg and his but kissing board think this will change what they are.
    CluntBaby92spock1234watto_cobra
  • Reply 6 of 11
    blastdoorblastdoor Posts: 3,426member
    Facebook and Netflix are clearly losers.

    Maybe replace them with TSMC and Microsoft— real companies with real products.

    spock1234muthuk_vanalingamdewmewatto_cobra
  • Reply 7 of 11
    Remember...a site originally created so he can creep on college girls.
    watto_cobra
  • Reply 8 of 11
    Such an obvious “solution”: MANGA

    Doesn’t Tesla “deserve” a letter in this (pointless) acronym?
    watto_cobra
  • Reply 9 of 11
    waveparticlewaveparticle Posts: 1,497member
    blastdoor said:
    Facebook and Netflix are clearly losers.

    Maybe replace them with TSMC and Microsoft— real companies with real products.

    MSFT is moving in opposite direction from AAPL today. LOL
    watto_cobra
  • Reply 10 of 11
    jony0jony0 Posts: 380member
     randomgyan said:
    Well  since Netflix is out anyway because of its stock price crash I guess time to resurrect MAGA. 😀
    Actually since Google is now Alphabet, it's simply MAAA or AAAM ; MAAAN or MAANA or AMAAN or AAMAN with Netflix.
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