A shift to the Metaverse also came as rivals like TikTok have moved in. It came amid a stream of negative press last fall with story after story impugning the company’s business practices including privacy breaches, hate speech and misinformation - inflamed by a trove of leaked documents by whistleblower Frances Haugen. Stock rally intensifies S&P 500 aims for biggest two-day gain since March 2020. The pivot astonished the industry, flummoxed investors, confused employees and was no boon to Facebook’s share price. Get the LIVE share price of Amazoncom Inc(AMZN) and stock performance in one place to. Not Facebook first,” the founder said during a keynote at a company event. Enjoy straightforward pricing and simple licensing. “From now on, we’re going to be the metaverse first. Download the best royalty free images from Shutterstock, including photos, vectors, and illustrations. Shares of the company that also owns Instagram, Messenger and WhatsApp said the new Nasdaq ticker “aligns with the company’s rebranding.”įacebook announced the corporate name change last October, unveiling plans to spend tens of billions of dollars on what Zuckerberg called “the next chapter of social connection” but Wall Street worries may be a sinkhole. Mark Zuckerberg’s Meta Platforms underscored its commitment to the Metaverse, announcing that its old familiar stock symbol FB – for Facebook, the company’s old name – will change to META on June 9.
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