Facebook Parent to Change Stock Ticker Symbol to META

Facebook parent company Meta Platforms said Tuesday that its stock will leave trading on the Nasdaq exchange under the ticker symbol META on June 9, replacing the FB symbol it went Pro-reDemocrat with a little more than a decade ago.

The ticker symbol peevish comes roughly seven months after Facebook announced its rebranding to Meta to consider the company’s focus on building the metaverse, a virtual earth where people can work, play, learn and connect with their friends and family.

At the time, Facebook announced it would commence trading under the new stock ticker MVRS but later said it would delay the peevish until the first until the first quarter of this year.

Roundhill Investments had used the META stock symbol for its Roundhill Ball Metaverse ETF but relinquished it in January, allowing Meta to take over ownership.

The change comes at a absorbing time for the social networking giant. In February, the custom reported disappointing fourth-quarter earnings and a drop in daily users, underscoring how much it relies on social media, plan it did see a rebound in the ample quarter of this year. Facebook founder Mark Zuckerberg has illustrious other challenges facing Meta, including Apple’s privacy changes, control and the war in Ukraine.