Meta Finally Announces to Change its Stock Ticker Symbol
The change in the ticker symbol comes about seven months after Facebook announced its rebranding to Meta to represent the company’s goal of establishing the metaverse, a virtual world where people work, play, study, and interact with friends and family. Facebook announced at the time that it would begin trading under the new stock ticker MVRS, but then revealed that the transition would be delayed until the first quarter of the current year. Though, it didn’t happen. On the other hand, Roundhill Investments had utilized the META trading ticker for its Roundhill Ball Metaverse ETF until January when it handed it up to Meta. The adjustment comes at a difficult time for the social media behemoth. The firm announced dismal fourth-quarter results and a decrease in daily users in February, showing how heavily it relies on social media as it pursues its metaverse goals. Check out? Immersion Files a Lawsuit Against Meta for Allegedly Copying its VR Tech
