Facebook parent Meta Platforms now trading under META, unfriending FB symbol
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Looking to trade stock in old friend Facebook today? If so, you're doing it using its new ticker symbol, as the company sheds another vestige of its past ties to the blue-and-white "F" logo.
After a decade of trading under the symbol FB (and until recently, under the name Facebook), Meta Platforms Thursday became listed under the symbol NASDAQ:META.
That follows October's news that the company formerly known as Facebook would change its name to Meta Platforms - reflecting a new corporate-umbrella focus on the "metaverse" as a virtual world - and would change its ticker symbol to match.
The company retains longstanding brands such as Facebook (now sometimes called the "blue Facebook app" to distinguish it), Instagram and WhatsApp, but the corporate focus was divorced from the fate of the blue app, which has seen its share of controversy over the past few years.
In a down market Thursday morning, Meta's stock is 0.7% lower.
Since the name change was announced Oct. 28, Meta stock is down 38% - though the bulk of that decline can be traced to a disastrous February earnings report that ended in the biggest single-day wipeout of equity ever.