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.

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