When Facebook unveiled its rebranding plan last October, it also announced a new stock. On that occasion, company executives said the NASDAQ stock would change to MVRS – evident reference to the metaverse -. In January, however, the company highlighted the choice to use META for its stock, coinciding with the announcement of the first decline in active users. A name change that will reportedly become official next June 9.
On June 9, the Facebook share will take the name of Meta. To announce it is the same company. On the other hand, Meta aims to ensure that users can associate the name not only with Facebook, WhatsApp and Instagram projects. In fact, Zuckerberg’s idea is to make sure that his company can be connected to something more than just social media. A view that investors do not seem to fully share, given the numerous concerns they have shown about it.
On the other hand, the development of metaverse content and augmented reality devices is costing the company billions of dollars. But the financial results still appear to be a long way off. “Now Meta is moving beyond 2D screens to engaging experiences such as augmented and virtual reality to help build the next evolution in social technology,” reads the company’s new brochure. This means that the metaverse will be the future of the company, and it’s no wonder that Zuckerberg insists on having the Meta name pretty much everywhere.
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