Facebook Parent Meta to Trade Under Ticker ‘META’ on Nasdaq From June 9

The current ticker 'FB' has been in use since the company's initial public offering in 2012.

By Reuters | Updated: 1 June 2022 11:33 IST

Facebook Parent Meta to Trade Under Ticker ‘META’ on Nasdaq From June 9

The current ticker 'FB' has been in use since the company's initial public offering

Highlights

Facebook changed its name to Meta in October last year
The ticker symbol 'FB' has been in use since 2012
The company is pushing toward the metaverse

Meta Platforms said on Tuesday its Class A common stock will begin trading on the Nasdaq under the ticker symbol 'META' prior to market open on June 9, replacing its current ticker symbol 'FB'.

The company changed its name from Facebook to Meta Platform in October last year in a rebrand that focuses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile Internet.

The current ticker 'FB' has been in use since the company's initial public offering in 2012.

Samsung Wins Patent for a Tri-Fold Smartphone With Specialised Barrier Layer for Improved Durability

The company has recently introduced several other changes. A few days back, Meta Platforms said that it will share more data on targeting choices made by advertisers running political and social-issue ads in its public ad database.

Meta said it would also include detailed targeting information for these individual ads in its "Facebook Open Research and Transparency" database used by academic researchers, in an expansion of a pilot launched last year.

"Instead of analysing how an ad was delivered by Facebook, it's really going and looking at an advertiser strategy for what they were trying to do," said Jeff King, Meta's vice president of business integrity, in a phone interview.

Facebook Parent Meta to Use Broadcom Chips for Metaverse Hardware: Report

The social media giant has faced pressure in recent years to provide transparency around targeted advertising on its platforms, particularly around elections. In 2018, it launched a public ad library, though some researchers criticised it for glitches and a lack of detailed targeting data.

Meta said the ad library will soon show a summary of targeting information for social issue, electoral or political ads run by a page.

"For example, the Ad Library could show that over the last 30 days, a Page ran 2,000 ads about social issues, elections or politics, and that 40 percent of their spend on these ads was targeted to 'people who live in Pennsylvania' or 'people who are interested in politics,'" Meta said in a blog post.

Should you pick Vivo over Galaxy S22 and OnePlus 10 Pro? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.