Hello, friends so, today we are back again with a fresh trending article. Today’s topic is about the change of name by Facebook and even Facebook stock symbol. Further, we will be talking that why this step was taken, what does the new name indicates? So, before we start let’s have a look at the history of Facebook from where this all started. So, let us get started with, Facebook name & stock symbol changed | why?
When did facebook start?
Facebook is an American company that offers online social networking services. It was founded back on February 4, 2004, by Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes.
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Facebook is now Meta
Facebook on Thursday announced that it has changed its company name to Meta. The new name of Facebook reflects the growth of the company beyond social media. The announcement was made on the Facebook connect augmented and virtual reality conference.
Now the company’s focus is to build a metaverse. Metaverse is a kind of virtual 3D world or in other words bunch of worlds too. Facebook now known as Meta provides many services like connecting, creating employment, social marketing, and much more. Therefore they are collaborating all these worlds into one Meta.
Mr. Zuckerberg said that he like the word Meta because it’s a Greek word that symbolizes “that there is more to create”. Though in Greek Meta means “after” or “beyond”.
Facebook stock symbol changed
The symbol under which the company used to list in the stock market has also been changed. Facebook shares, currently ticker under the symbol FB, but from now it will be trading under the ticker MVRS. The change in the Facebook stock symbol will initiate on Dec 1, 2021.
So, guys, this is the end of the article. I hope you must have got some information related to the name and symbol change of Facebook. Subscribe to our newsletter to always get updated on trending topics.
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