Facebook Parent to Change Stock Ticker Symbol to META

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

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

At the time, Facebook announced it would Begin trading under the new stock ticker MVRS but later said it would delay the Moody 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 fascinating time for the social networking giant. In February, the business reported disappointing fourth-quarter earnings and a drop in daily users, underscoring how much it relies on social media, Idea it did see a rebound in the fine quarter of this year. Facebook founder Mark Zuckerberg has Famous other challenges facing Meta, including Apple’s privacy changes, rule and the war in Ukraine.