The Meta Platforms Inc. pavilion at the opening day of the Global Financial Discussion board (WEF) in Davos, Switzerland, on Monday, Would possibly 23, 2022.
Jason Alden | Bloomberg | Getty Pictures
Meta is set to shed the final of its outdated company title.
The Fb-parent corporate introduced Tuesday that it’ll exchange its inventory ticker image to “META” previous to the marketplace open on June 9.
Meta rebranded from Fb in October, announcing it used to be a part of its ambitions past social media. CEO Mark Zuckerberg has particularly been excited by construction out the metaverse, a sci-fi time period that includes operating and taking part in in a digital global.
On the time, Meta mentioned it could exchange its inventory ticker to “MVRS,” efficient Dec. 1. In past due November, the corporate mentioned it used to be delaying the exchange to the primary quarter of 2022.
Since then, Roundhill Investments, which used the “META” ticker for its Roundhill Ball Metaverse ETF, introduced it could relinquish that ticker image. That it appears freed it up for Meta to take hold of.
Meta mentioned that no motion by way of the corporate’s shareholders is needed with admire to the ticker image exchange.
Subscribe to CNBC on YouTube.
