Metaverse is trading under the tickerMeta Platforms Inc. After 10 years of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar. The company is betting that Metaverse shared virtual reality will succeed mobile internet.
Bet that the Metaverse, a shared virtual realm, will succeed mobile Mark Zuckerberg. He established Facebook from his Harvard dorm in 2004 and gave students the chance to meet online.
19-year-old did not realize that Facebook would expand and become ubiquitous. his company is currently pumping billions into the metaverse. Facebook has over 3 billion monthly users as well as Instagram and WhatsApp.
Futuristic idea of virtual environments where users can work, socialize and play. art Hogan, the chief market strategist at National Market Strategy, said companies that change their names and tickers are usually trying to signal a major change.
Meta’s share price fell 42 this year as it faced criticism from lawmakers and regulators over its market power, algorithmic decisions, and its political stances.