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| Meta Title | Company Formerly Known As Facebook Changes Stock Symbol To META |
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Meta, Formerly Known As Facebook, Is Changing Its Stock Symbol Too In Metaverse Rebrand
Mark Zuckerberg
Mega
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. Shares of the company that also owns
Instagram
, Messenger and WhatsApp said the new Nasdaq ticker “aligns with the company’s rebranding.”
Facebook 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.
“From now on, we’re going to be the metaverse first. Not Facebook first,” the founder said during a keynote at a company event. The pivot astonished the industry, flummoxed investors, confused employees and was no boon to Facebook’s share price. 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. A shift to the Metaverse also came as rivals like TikTok have moved in.
Facebook shares closed down a hair today at $193, well off their 55-week high of $384. Its sharpest dip was in February after reporting disappointing earnings and its first ever quarter-to-quarter dip in Facebook daily active users.
Zuckerberg first introduced Wall Street to the “
Metaverse
” a year ago, describing a sweeping reimagining of his company over time entailing massive annual investments. “It’s the future we are working towards. A virtual environment where you can be present with people in a digital space. An embodied Internet that you are inside of,” he said during a conference call
The company’s
Oculus
division is a pioneer in augmented and
virtual reality
headsets and content.
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# Meta, Formerly Known As Facebook, Is Changing Its Stock Symbol Too In Metaverse Rebrand

By [Jill Goldsmith](https://deadline.com/author/jill-goldsmith/)
## [Jill Goldsmith](https://deadline.com/author/jill-goldsmith/)
Co-Business Editor
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[View All](https://deadline.com/author/jill-goldsmith/)
May 31, 2022 3:38pm
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Mark Zuckerberg Mega
[Mark Zuckerberg](https://deadline.com/tag/mark-zuckerberg/)’s [Meta](https://deadline.com/tag/meta/) Platforms underscored its commitment to the Metaverse, announcing that its old familiar stock symbol FB – for [Facebook](https://deadline.com/tag/facebook/), the company’s old name – will change to META on June 9. Shares of the company that also owns [Instagram](https://deadline.com/tag/instagram/), Messenger and WhatsApp said the new Nasdaq ticker “aligns with the company’s rebranding.”
Facebook 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.
“From now on, we’re going to be the metaverse first. Not Facebook first,” the founder said during a keynote at a company event. The pivot astonished the industry, flummoxed investors, confused employees and was no boon to Facebook’s share price. 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. A shift to the Metaverse also came as rivals like TikTok have moved in.
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Facebook shares closed down a hair today at \$193, well off their 55-week high of \$384. Its sharpest dip was in February after reporting disappointing earnings and its first ever quarter-to-quarter dip in Facebook daily active users.
### Watch on Deadline
Zuckerberg first introduced Wall Street to the “[Metaverse](https://deadline.com/tag/metaverse/)” a year ago, describing a sweeping reimagining of his company over time entailing massive annual investments. “It’s the future we are working towards. A virtual environment where you can be present with people in a digital space. An embodied Internet that you are inside of,” he said during a conference call
The company’s [Oculus](https://deadline.com/2021/04/oculus-studios-electronic-arts-respawn-entertainment-colette-oscar-documentary-win-1234743711/) division is a pioneer in augmented and [virtual reality](https://deadline.com/tag/virtual-reality/) headsets and content.
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[5 Comments](https://deadline.com/2022/05/meta-facebook-metaverse-stock-symbol-mark-zuckerberg-1235036050/#comments)
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## 5 Comments
- Mk
on June 5, 2022 5:31 am
They are losing users because of the program not recognizing people from the bots they are using and it’s suspending accounts of real users and they have absolutely no customer service
- I
on June 1, 2022 5:20 pm
The COO is already leaving. Others will follow.
- McBain
on June 1, 2022 12:48 am
“Mark Zuckerberg in the Metaverse of Madness”
- Zuckerberg's big gamble
on May 31, 2022 10:10 pm
Zuckerberg is pouring billions of dollars into making his version of the Metaverse into a reality. At some point, his investors will be in open revolt over Zuckerberg’s business decision to pivot the company to virtual reality. Already, share prices of his company are tanking indicating market doubts about the viability of his pet project. If his pet project doesn’t come to fruition soon, Zuckerberg may be removed as CEO by his own board of directors.
- Anonymous
on June 1, 2022 8:03 am
Good.
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| Readable Markdown | [Skip to main content](https://deadline.com/2022/05/meta-facebook-metaverse-stock-symbol-mark-zuckerberg-1235036050/#pagetop)
## Meta, Formerly Known As Facebook, Is Changing Its Stock Symbol Too In Metaverse Rebrand


Mark Zuckerberg Mega
[Mark Zuckerberg](https://deadline.com/tag/mark-zuckerberg/)’s [Meta](https://deadline.com/tag/meta/) Platforms underscored its commitment to the Metaverse, announcing that its old familiar stock symbol FB – for [Facebook](https://deadline.com/tag/facebook/), the company’s old name – will change to META on June 9. Shares of the company that also owns [Instagram](https://deadline.com/tag/instagram/), Messenger and WhatsApp said the new Nasdaq ticker “aligns with the company’s rebranding.”
Facebook 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.
“From now on, we’re going to be the metaverse first. Not Facebook first,” the founder said during a keynote at a company event. The pivot astonished the industry, flummoxed investors, confused employees and was no boon to Facebook’s share price. 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. A shift to the Metaverse also came as rivals like TikTok have moved in.
Facebook shares closed down a hair today at \$193, well off their 55-week high of \$384. Its sharpest dip was in February after reporting disappointing earnings and its first ever quarter-to-quarter dip in Facebook daily active users.
Zuckerberg first introduced Wall Street to the “[Metaverse](https://deadline.com/tag/metaverse/)” a year ago, describing a sweeping reimagining of his company over time entailing massive annual investments. “It’s the future we are working towards. A virtual environment where you can be present with people in a digital space. An embodied Internet that you are inside of,” he said during a conference call
The company’s [Oculus](https://deadline.com/2021/04/oculus-studios-electronic-arts-respawn-entertainment-colette-oscar-documentary-win-1234743711/) division is a pioneer in augmented and [virtual reality](https://deadline.com/tag/virtual-reality/) headsets and content.
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## Site |
| Shard | 53 (laksa) |
| Root Hash | 14146668165935413053 |
| Unparsed URL | com,deadline!/2022/05/meta-facebook-metaverse-stock-symbol-mark-zuckerberg-1235036050/ s443 |