When the company formerly known as Facebook announced its plan to rebrand, it also announced a new stock ticker.
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.
The company says is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.