Meta unfriends Facebook on Wall Street

Updated : Jun 10, 2022 12:49
|
EJ Biz Desk

Social media giant Facebook started trading with the ticker symbol 'META' on Thursday, bidding farewell to the last sign of the company's earlier identity.

Facebook was rebranded as Meta Platforms Inc in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet.

Mark Zuckerberg, Meta's co-founder and CEO, established Facebook in 2004 from his Harvard dorm as a way for students to meet via the internet.

Nearly two decades on, he is now betting billions of dollars into the metaverse, a futuristic idea of virtual environments where people could work, socialize and play.

Also read/watch | IPL media rights auction: 4x bidding value expected; big players in fight

Facebook Wall Streetmeta

Recommended For You

editorji | Business

India's electric vehicle market to reach Rs 20 lakh crore by 2030, says Nitin Gadkari

editorji | Business

Mallya Calls for Justice Over Excess Debt Recovery and Legal Inconsistencies

editorji | World

UK PM Keir Starmer hosts Indian business chiefs to boost investments

editorji | Business

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

editorji | World

New Zealand falls into recession with abrupt economic slowdown