FB to Become META on June 9

<p><strong><span class&equals;"legendSpanClass">MENLO PARK<&sol;span><&sol;strong> &&num;8212&semi; Meta Platforms &&num;8212&semi; parent company of Facebook&comma; Instagram and Whatsapp &&num;8212&semi; announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol &&num;8216&semi;META&&num;8217&semi; prior to market open on June 9&comma; 2022&period;<&sol;p>&NewLine;<p>This will replace the company&&num;8217&semi;s current ticker symbol &&num;8216&semi;FB&&num;8217&semi;&comma; which has been used since its initial public offering in 2012&period; The new ticker symbol aligns with the company&&num;8217&semi;s rebranding from Facebook to Meta&comma; announced on October 28&comma; 2021&period;<&sol;p>&NewLine;<p>CEO Mark Zuckerberg rebranded the company to focus on the metaverse&comma; which he believes will be a prominent platform of the future Internet&period;<&sol;p>&NewLine;<p>The move to change its stock symbol took over eight months to complete&period; It&&num;8217&semi;s rare for such a large company to change its name and stock symbol&period; Meta was the eight-highest stock based on market capitalization with a value of &dollar;516 billion&period; The stock was down Friday 4&percnt; and down 43&percnt; for the year&period;<&sol;p>&NewLine;