Note to Mark Zuckerberg: META stock ticker will soon be available
Meta Platforms Inc., which changed its name from Facebook Inc. late last year but hasn’t yet adopted a new stock symbol, could soon have the perfect ticker: META. Roundhill Investments, which uses META for its Roundhill Ball Metaverse ETF, will relinquish the ticker symbol on Jan. 31, according to a statement on Friday.
Meta, owner of the world’s largest social network, still trades under the ticker FB on the Nasdaq Global Select Market. The company originally said in October it would change its ticker to MVRS, a nod to the word “metaverse.” Two days before the planned swap, though, Meta delayed changing the symbol without an explanation, and said a change would come sometime in the first quarter.
“I’d speculate that someone gave Roundhill an offer that they couldn’t refuse for that ticker,” said James Seyffart, a Bloomberg Intelligence analyst. “And if I had to speculate on who or where that offer came from -- I’d guess it was from Meta.”
A Meta spokesman declined to comment on the company’s plans for its new ticker, or whether it intends to take META. Roundhill didn’t immediately respond to a request for comment.
(Reuters) - Enthusiasm around "meme stocks" has eased for young investors a year on from the GameStop Corp trading frenzy, with Gen Z's attention shifting to companies in areas like electric vehicles and the "metaverse," according to a report released on Friday.
The top stock holding among the Gen Z cohort - people born after 1996 - in the fourth quarter was Tesla Inc, according to the quarterly investor outlook from Apex Fintech Solutions, which provides custody and clearing services for brokers like SoFi, Stash, WeBull, and Goldman Sachs Group's Marcus.
AMC Entertainment slipped from the No. 1 spot in the top
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