Illustration by Alex Castro / The Verge
When the company formerly known as Facebook announced its plan to rebrand last October, it also announced a new stock ticker. At the time, execs said that after ten years as FB, its NASDAQ listing would transition to MVRS for the metaverse. However, after the investment fund listed under META vacated the symbol in January, Meta Platforms quickly confirmed that it would use META instead, while at the same time announcing its first drop in daily active users, ever. Now it has filed paperwork saying the shift will become official before the market opens on June 9th (via CNBC).
Right now, people still think of Meta as the home of Facebook, WhatsApp, and Instagram, but the plan is to make it into much more than those social media mainstays….
